BANKS
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Raiffeisen Becomes Romania's Most Profitable Bank In 2012
Raiffeisen Bank was the most profitable bank in Romania last year, posting 392 million lei (EUR90 million) in net profit.
2013 Could Be The Year Of Transactions In Banking
The sale of Citibank and RBS Bank’s retail portfolios broke the ice on the market of banking transactions, but this year is expected to bring major shareholder changes for at least three of...
BNR Has Changes In Store For Bankers
Romania’s central bank’s Supervisory Department will change the way it deals with banks this year. Any slippage in risk control, including operational risks, will be much more harshly penali...
Bankers Won’t Cut Interest Rates Because Central Bank Says So
Steven van Groningen, chief executive of Raiffeisen Bank, says loan interest rates will be gradually cut, but the cuts will be made depending on market conditions, not because somebody order...
Romanian Banking System 1Q Net Profit Rises Fourfold On Year To RON520M
Romanian banks reported a four-fold rise in their combined net profit to 520 million lei (EUR120 million) in the first quarter, central bank data showed.
Foreign Banks Cut EUR3B From Lines Of Credit In Past Year
The foreign funding of banks in Romania dropped to less than EUR20 billion at the end of the first quarter of 2013, the lowest since the start of the crisis in 2008.
Greek, Cypriot Banks Continue To Offer Highest Interests On Deposits
Despite the scandal surrounding the suspension of the activity at the Bank of Cyprus for almost a month and despite talks on the risk of putting money in deposits at high interest rates, Gre...
Over 80% Of Romanian Customers At Risk Of Switching Banks - Report
More than 80% bank customers in Romania consider leaving their banks in the next six months, saying there are unhappy with the quality of overall service, a survey from consultancy firm Capg...
More Than 3,400 Jobs In Bank Branches Slashed
More than 3,400 employees working in bank branches in Romania left last year in the harshest restructuring phase since the onset of the crisis, while 320 branches closed. Six times fewer peo...