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Euronet Paid $18 Million To Buy Payment Processor PayNet
Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the company’s annual report reads.
Banks Pay Less To Attract Deposits In Lei, But Continue To Pursue Euro Deposits
The average interest rate displayed by banks for household deposits in lei has diminished by a quarter of a percent in March to 6.24% a year, with the plentiful liquidity on the market putti...
Deposit Withdrawn From Greek-Held Banks Go To Major Local Banks
Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large n...
Why Is No Top 10 Bank In Romania Run By A Woman?
None of the top 10 banks in Romania are run by a woman, although more than two thirds of employees in the financial services sector are women, according to a ZF analysis. In the entire banki...
Banks Sold EUR700M Bad Loans To Debt Collectors In 2011
Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks s...
IFC Romania: No Local Bank Wants To Hand Its Toxic Assets Over To Us
International Finance Corporation, the investment division of the World Bank, has shown its willingness to help banks process non-performing loans and invested in funds that restructure such...
Romanian Farmers Are On Their Knees Before Foreign Banks – Minister
Romanian farmers and local communities are on their knees before foreign banks, so the agricultural sector needs a farmers' bank, minister Stelian Fuia told MEDIAFAX on Thursday.
Romanians Get A Taste For Long-Term Savings
Romanians’ appetite for long-term savings has increased spectacularly lately thanks to the more generous offers from banks attempting to balance their portfolios.
Higher Profits From Margins As Banks Hike Price Of Consumer Loans Despite Borrowing Cheaper
Leu-denominated loans for individuals became more expensive in February after three months of decline in a row, because of bankers seeking to boost revenue even though they are paying less t...