BANKS
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Bankers Install More And More POS Terminals To Grab A Slice Of EUR40M Market
Banks expanded their payment terminal (POS) networks deployed in stores last year, a market segment dominated by a small number of players, which generates EUR40 million a year in fee revenu...
Tnuva Admits Defeat In Romania, After EUR55M Investment
The Romanian unit of Israeli dairy maker Tnuva, the company's only expansion outside Israel, was backed by a total investment of EUR55 million, and it leaves behind a plant, a cattle farm, e...
ING: Romania Bank Liquidity Shortage Widened In December
The liquidity gap in the Romanian banking system has widened significantly in December, with lenders borrowing on average 4.1 billion lei (EUR0.94 billion) a day from the central bank, well...
Banks And Insolvency Firms Bring Foreclosed Properties Valued At EUR36M Under The Hammer
Bankers and insolvency firms’ agenda for the coming month includes auctions for foreclosed properties appraised at EUR36 million, reveals a ZF survey of the ads published by the top ten bank...
BNR Pumps RON524M In 5-Day Repo
Romania's central bank (BNR) Wednesday pumped 524 million lei (EUR121.3 million) into the market in a five-day repurchase agreement operation at an interest rate of 6% a year, equal to the m...
Rumor Mill: Bankers Whose Tenures Will Be Extended In 2012
2011 is ending with several announcements regarding the top management teams of the top two Romanian banks – BCR and BRD, as well as with rumors and speculations concerning prospective new m...
BNR Injects RON6.7B In 8-Day Repo
Romania's central bank (BNR) Tuesday pumped 6.71 billion lei (around EUR2 billion) into the market in an eight-day repurchase agreement operation at an interest rate of 6% a year, equal to t...
Banks Promote Loans In Lei For Lack Of A Better Option
Threatened with the loss of foreign funding, bankers have decided to launch more aggressive offers for loans in lei to persuade customers to borrow in local currency after the central bank (...
KPMG: Romanian Banks To Face Challenges Beyond IFRS Adoption Date
The challenges faced by Romanian banks in adopting the international accounting laws will not stop with the adoption date on January 1, because the international norms are subject to continu...