BANKS
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BCR, Banca Transilvania and OTP Bank Are Romania’s Most Digitalized Banks
BCR, controlled by Austria’s group Erste, Romania’s second largest bank by assets, comes third in the international ranking of the most competitive banks in terms of digitalization, with 6.8...
EY: UK And European Banks Report Strong Progress Towards Basel III Compliance
UK and European headquartered global banks are reporting strong progress towards Basel III compliance, well ahead of the January 2025 implementation deadline, according to a new EY research.
Banks Should Be At The Forefront Of Fight Against Financial Crimes
Up to 5% of the world’s total gross domestic product (GDP) may be attributed to illicit proceeds from criminal activity, according to the World Economic Forum.
McKinsey & Company: Banks In Romania Must Rethink Strategy And Business Model To Survive
Despite solid margin growth, more than half of the world’s banks continue to experience profitability problems and a return on equity that is below their cost of equity, as per the 12th edit...
Report: Banks Hesitating To Switch To Latest Payment Methods Stand To Lose $89B
Accenture's “Payments Gets Personal” report shows that up to $89 billion (4.6%) of global payment revenues could be at risk in the next three years for banks that are slow to offer next-gene...
EIB: Banks In Central, Eastern And Southeast Europe Expect Rising Demand For Credit
The Bank Lending Survey released by the European Investment Bank (EIB), with a focus on Central, Eastern and Southeast Europe (CESEE), looked into data collected in September 2022 and outlin...
Macroeconomic Outlook Prompts Banks In Romania To Adjust Strategy
After almost a decade of very strong GDP growth, Romania is preparing itself for a steep slowdown, said Dimitrios Goranitis, Banking and Capital Markets leader, Deloitte Central Europe.
Romania Banking System Hits Record High Profit of RON7.6B in Jan-Sept 2022
The net profit of Romania’s banking system hit a new record high at the end of the first nine months of 2022, of RON7.6 billion, up around 20% from the year-earlier period, as lending advanc...
Deloitte: Banks’ Profitability To Decrease Over The Next Year
Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s invasion of Ukraine, supply chain disruptions, inflation rise, tig...