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Fitch Affirms Ratings of UniCredit Tiriac Bank, Banca Transilvania, ProCredit Bank Romania
Fitch Ratings on Thursday affirmed the ratings of three Romanian banks, namely UniCredit Tiriac Bank, Banca Transilvania (TLV.RO) and ProCredit Bank Romania, citing an adequate capitalisatio...
Banks’ Ranking In 2012: Only One In Three Banks Sped Up Lending And Gained Market Share
The banks’ ranking did not see surprising moves last year, with most banks managing to keep their market share on a lethargic lending market. Few banks managed to stand out and sell more loa...
EIB Comes Up With EUR800M To Unfreeze Lending This Year
European Investment Bank (EIB) could increase its exposure to Romania by EUR1 billion to EUR1.5 billion from the current almost EUR10 billion in the next few years.
Minister: Romania’s Banking System Needs Restructuring
The Romanian banking system needs be downsized and banks should reevaluate their costs, fees and interest rates, said Economy Minister Varujan Vosganian.
van Groningen: Romania Should Have No More Than Four Universal Banks
The banking system in Romania will undoubtedly consolidate further because it becomes highly costly to keep a universal bank running and the local market is not able to support more than fou...
ZF Bankers Summit ’13: Only Energy, Agriculture, Public Administration And EU-Funded Projects Are Bankable
Bankers are awaiting the return of economic growth before genuinely restarting lending, but they admit there are good some businesses worth more attention, even at this time, when there are...
Banks To Lose RON5B If Forced To Vet Contracts For Possible Abusive Clauses
Romanian commercial lenders are likely to incur aggregate losses of some 5 billion lei (over EUR1.1 billion) following the potential implementation of a regulation allowing collective lawsui...
Deposits At Foreign Banks Dwindled In 1Q In Romania Amid Cyprus Crisis Woes
Deposits in local branches of foreign banks have declined in the first quarter of the year to 6.49% from 6.76%, as people pulled their money following the crisis triggered mid-March in Cypru...
Ghetea: Banks Want To Get Involved In Endorsement Procedures Of EU-Funded Projects
Banks are willing to get involved in the endorsement process of projects eligible for European Union financing, Radu Ghetea, head of Romanian Banking Association (ARB), said Friday.