BANKS
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Greek Banks Lost EUR300M From Deposits In Third Quarter
The local subsidiaries of Greek financial groups lost deposits with a cumulated value of EUR300 million in the third quarter, despite the fact that they pay the most generous interests on th...
Mark Mobius: Printing Money Only Puts Off Worldwide Crash, Doesn’t Prevent It
Capitalism isn’t working because governments are saving greedy banks at the expense of taxpayers, says Mark Mobius, executive chairman of Templeton Asset Management.
Romania President Scolds Foreign Banks For “Lack Of Fair Play”
Romanian president Traian Basescu on Thursday said that the banks of European states obtained “gigantic profits” in Romania, and preparing to leave the country unfunded during the crisis wou...
BNR: Private Lending -0.8% On Month To RON221B In October
Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday.
Foreign Bank Subsidiaries Fight Over Romanians’ Euro Savings
Romanians’ euro savings have become more important than ever for bankers who fear they will lose support from their parent banks, so they have raised interests towards 5% a year. Ailing bank...
BNR: Bank Payment Refusals Rise To RON605M In October
Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 605.17 million lei (EUR138.7 million) in October, up 36.6% on the month, central bank data showed...
Romanian Banks Switch To RON860M Combined Loss In Q3 As Provisions Rise
Romanian banks reported a combined net loss of 860 million lei (roughly EUR200 million) in the third quarter, versus a profit of RON95.4 million a quarter earlier, banking sources said Frida...
Head Of Creditcoop: I Don’t Know Many Bankers Who Can Boast Our Results
Banca Centrala Cooperatista Creditcoop (Central Cooperative Bank Creditcoop), with its 47 subordinated cooperative banks, hopes to end the year with a gross profit of 12 million lei and over...
Central Bank Does Not See Net Capital Outflows, But Considers Risk Of Lending Decline
The National Bank monitors banks’ liquidity and solvency and has so far noticed no net capital outflows, but does not rule out such moves occurring in the future.