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‘Bank Hunter’ Who Almost Bought Carpatica: We Can’t Ignore Opportunities In Romania
Banks-Insurance

‘Bank Hunter’ Who Almost Bought Carpatica: We Can’t Ignore Opportunities In Romania

Romanian banks have drawn the attention of London-based private equity fund AnaCap, which specializes in buying orphaned subsidiaries. The fund is ready to come up with “substantial capital”...

Neagu Bogdan Mircea · 27.11.2012 · 00:00 · 2 min
Ghetea: Restructuring Of Romanian Banking System To Continue In 2013
Banks-Insurance

Ghetea: Restructuring Of Romanian Banking System To Continue In 2013

The restructuring of the Romanian banking system has just started and will continue in 2013, Radu Ghetea, president of Romanian banks association ARB and of CEC Bank, said Wednesday.

Ioana Tudor · 21.11.2012 · 17:57 · 1 min
Parent Groups Add EUR550M To Capital Of Romanian Banks And Insurers
Banks-Insurance

Parent Groups Add EUR550M To Capital Of Romanian Banks And Insurers

Foreign-held banks and insurance companies received more than EUR550 million in capital injections this year to offset the huge losses and meet the solvency requirements of the central bank...

Neagu Bogdan Mircea · 20.11.2012 · 00:00 · 2 min
External Financing Cut Forces Banks To Seek Long-Term Deposits
Banks-Insurance

External Financing Cut Forces Banks To Seek Long-Term Deposits

Ten banks are currently looking to sell two-year deposits in Romanian lei in order to improve their funding as they are facing a reduction in foreign resources.

Neagu Bogdan Mircea · 16.11.2012 · 18:00 · 1 min
Law Firm: Banks Will Get Rid Of “Skeletons” When New Projects Turn Profitable
Banks-Insurance

Law Firm: Banks Will Get Rid Of “Skeletons” When New Projects Turn Profitable

Francisc Peli, founding partner of law firm PeliFilip and one of the most respected lawyers on the real estate segment, says management activities currently occupy 80% of his time.

Manuela Panescu · 16.11.2012 · 00:00 · 3 min
GfK: Consumer Banking Relationships Place Romania Last In CEE
Banks-Insurance

GfK: Consumer Banking Relationships Place Romania Last In CEE

A bit more than half of Romanians (56%) have relationships with one or more banks, which places Romania last in Central and Eastern Europe in a ranking led by Slovenia, Austria and Croatia,...

Ecaterina Craciun · 14.11.2012 · 13:07 · 1 min
Foreign Banks Withdrew EUR1B From Local Deposits Since August 2011
Banks-Insurance

Foreign Banks Withdrew EUR1B From Local Deposits Since August 2011

Non-residents, especially banking groups, had EUR7.65 billion deposited in Romanian banks on medium and long-term maturities at the end of September, down EUR841 million from December 2011.

Neagu Bogdan Mircea · 13.11.2012 · 00:00 · 1 min
Banking System Still On Loss In 3Q
Banks-Insurance

Banking System Still On Loss In 3Q

The 41 banks in Romania posted an overall loss in the first nine months of this year, although the results represent an improvement on the EUR192 million-loss recorded in the first half of t...

Manuela Panescu · 12.11.2012 · 00:00 · 2 min
Leu Loans More Expensive By The Month
Banks-Insurance

Leu Loans More Expensive By The Month

Consumer and mortgage loans in Romanian leu became more expensive in September for the third month in a row and interests on euro loans went down again, making harder the shift to lending in...

Tudor Ioana Raluca · 02.11.2012 · 00:00 · 1 min