BANKS
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Payment Spike For Finance Ministry: Banks Are Due To Receive EUR2.6B
The Finance Ministry will face public debt payment spike of about EUR2.6 billion this month because a EUR1.2 billion club loan taken out from local banks in 2009 matures on July 23, and a eu...
Major Foreign Banks Still At 97% Of Their March 2009 Romanian Exposure Level
The nine largest foreign banking groups that undertook to maintain support for their subsidiaries in Romania as part of the “Vienna initiative” in May 2009 are now at 97% of their aggregate...
Good News For Bankers: Private Lending Is Thawing
May brought the fastest monthly advance of private lending in the past year, 1.5%, showing that bankers are successful in finding more clients to sell loans to.
Romanian President Thanks Local Greek-Owned Banks For "Proper" Conduct
Romanian President Traian Basescu said Tuesday, after a talk with Greek President Karolos Papoulias, that the seven Greek banks on the Romanian market are operating "properly," for which he...
State-Owned Bank Heads' Salaries Come To Light
One of the best-kept secrets, the salaries of state-owned bank managers, has been revealed with the publication of the personal financial statements not by the banks where they work, but by...
Companies Deposit Their Money With Foreign Banks’ Branches
Companies increased their foreign currency-denominated deposits with foreign banks’ branches by 1.6 billion lei (EUR0.38 billion) in the first quarter, while most lenders operating with Roma...
JP Morgan: BNR Has The Power To Save Greek Banks. It Won't Be Necessary, Says BNR
Romania's banking system would still be standing even in a worst-case scenario, where Greek banks were so seriously crippled by the financial crisis that they would be forced to give up thei...
After Monday’s Peak, The Euro Lost Ground
The exchange rate fluctuations over the past week, with the leu losing over 2% against the euro, broke the relative stability to which bankers, as well as clients with foreign currency loans...
Greek Banks Offer High Interests On Deposits Again
Greek-controlled banks have returned with generous offers for deposits, paying interests of over 8% a year on leu-denominated deposits and of 4% a year on euro deposits. This is the first vi...