BANKS
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Banks Foreclose On 2,000 Homes Monthly
Banks have ended up foreclosing on 2,000 homes per month as they seek to recoup money from bad payers, according to ZF calculations based on the difference between the rise in the number of...
Banca Transilvania And Raiffeisen Battle Over Bank Of Cyprus's Romanian Portfolio
Banca Transilvania (TLV.RO) and Raiffeisen Bank are the only banks that had submitted firm offers to take over the portfolio of assets and liabilities of the Romanian subsidiary of Bank of C...
Romanian Entrepreneurs Go Insolvent Because They Grew Through Loans - Specialist
The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no f...
Negritoiu, ING: Clients With More Than EUR100,000 In A Bank Are Investors, Not Depositors
Clients who hold deposits of over EUR100,000 are more likely to be investors than simple depositors, and they should have been aware of the risks they were taking when investing in Cypriot b...
Volksbank: Romanians Are Starting To Save More
Uncertainty about the economy and the lingering financial crisis have pushed many Romanians to save more despite the low interests, Volksbank Romania’s vice-president Lucian Cojocaru said Fr...
Foreign Owners Fed EUR1B Into Romanian Banks In 2012
The capital of the foreign-held banks in Romania amounted to 19.7 billion lei (EUR4.5 billion) at the end of last year and accounted for almost 80% of the total capital of the banking system...
Ranking Of 15 Largest Banks By Assets In 2012
Banca Transilvania (TLV.RO), the largest Romanian-controlled bank remained the 3rd biggest bank in the system by balance sheet assets for the second year in a row, ahead of state-held CEC Ba...
Restructuring Starts: Banks Cut 4,000 Jobs Last Year
Over 4,000 employees left the Romanian banking system in 2012, with 322 units shutting down and the overall network falling below 6,000 branches and agencies.
16,000 Romanians Keep EUR3.7 Billion In Bank Deposits
Sixteen million Romanians are keeping EUR28 billion in banks and 0.1% of them deposited EUR3.7 billion, or EUR220,000 each.