BANKS
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Banks Tighten Fight Over Clients’ Euro Savings
Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are for...
Bank-Owned Firms Dominate Leasing Market
The ranking of the largest financial leasing companies did not radically change in the first half of this year, as the same companies dominated a market that is only now showing the first si...
Bankers Cut Price Of Euro Loans Ahead Of BNR Restrictions
September came with cheaper retail loans in euro, that is exactly those loans targeted by the central bank (BNR) restrictions, while loans in lei became 0.5% more expensive.
Tanasescu: Foreign Banks May Withdraw Money From Romanian Subsidiaries
Romania’s representative to the International Monetary Fund, Mihai Tanasescu, said Sunday foreign banks’ local subsidiaries may transfer money outside the country should mother banks ask for...
Central Bankers To Be Guardians Of Foreign Banks’ Exposure To Romania
Nine of the ten foreign banks that control local top ten lenders need billions of euros to recapitalize. Out of the ten-hour talks conducted by the leaders of the euro zone on Wednesday nigh...
President Basescu, Finance Ministry, BNR Ask EU In Unison To Persuade Banks Not To Withdraw Capital
The risk of foreign banks starting to repatriate capital has alarmed the authorities so much that President Traian Basescu, the Finance Ministry and the National Bank (BNR) are talking in un...
Can BVB Help Romanian Entrepreneurs Build A Strong Bank?
Eastern European countries need to encourage local banks, and where there aren’t any, they may have to build them from scratch, in order to have an alternative to the financing offered by fo...
Romania Among Most Vulnerable Countries If Euro Zone Banks Repatriate Capital
Romania is the fourth most vulnerable country if euro zone banks decide to cut their exposure, with debts to such lenders amounting to around 38% of GDP, according to an analysis of UK’s Bar...
Romania Faces Difficulties If Mother-Banks Reduce Cash Flows, President Says
Romania might find itself in a difficult situation if foreign banks were to reduce their support to the local subsidiaries, President Traian Basescu said Wednesday.