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Banks-Insurance

Bankers Left RON1.8B In BNR Coffers Each Day In May

Bankers left 1.8 billion lei (EUR440 million) at the central bank BNR on each working day of May using the overnight deposit facility, to get rid of excess liquidity, as they did not manage...

Ciprian Botea · 10.06.2011 · 02:00 · 1 min
Banks-Insurance

Loan Provisions Jumped By EUR200M In April, Equaling First Quarter Growth

The loan provisions set up by banks posted another increase in April, leaping by around EUR200 million from March, after a four-month period when they seemed to have stabilized. The April ju...

Liviu Chiru · 10.06.2011 · 00:00 · 1 min
Croitoru, BNR: Banks Highly Selective In Lending To State-Owned Companies
Banks-Insurance

Croitoru, BNR: Banks Highly Selective In Lending To State-Owned Companies

State-owned companies behave themselves when it comes to paying back bank loans, with overdue loans accounting for merely 0.1% of the total. This, however, is because the banks impose strict...

Liviu Chiru · 09.06.2011 · 00:00 · 1 min
Vasilescu, BNR: Banks Aren't Leaving, Shareholders Might
Banks-Insurance

Vasilescu, BNR: Banks Aren't Leaving, Shareholders Might

The central bank has no knowledge about any foreign lender that wants to abandon operations on the Romanian market, Adrian Vasilescu, adviser to central bank governor said Sunday, dismissing...

Bogdan Neagu · 06.06.2011 · 10:48 · 1 min
Retail&Consumer

Ambient: Insolvency Was An Option, But We Didn't Take It

Ambient Sibiu, one of the biggest Romanian businesses in retail and distribution of construction materials, even considered insolvency following the collapse of sales and the losses it poste...

Cristi Moga · 06.06.2011 · 00:24 · 1 min
Housing Savings And Loan System Still Almost Entirely Focused On Deposits
Banks-Insurance

Housing Savings And Loan System Still Almost Entirely Focused On Deposits

Six years after its introduction, the housing savings and loan system remains a concept almost entirely focused on attracting deposits, while the funding that goes back into the economy rema...

Liviu Chiru · 06.06.2011 · 00:00 · 2 min
Crisis Fallout In Banking: Four Foreign Groups Want To Sell Their Romania Operations
Banks-Insurance

Crisis Fallout In Banking: Four Foreign Groups Want To Sell Their Romania Operations

Four banks operating in Romania, one accounting for over 5% of the market, are waiting for investors to buy them in 2012-2013 at the latest, according to the official announcements made by t...

Razvan Voican · 31.05.2011 · 23:59 · 2 min
Banks-Insurance

Treasury Pressures Banks To Borrow On Longer-Term In Lei

The Treasury is seeking to borrow on the longer term in lei in June, breaking with the tradition of putting up for sale six-month certificates, one of the most sought-after investments.

Liviu Chiru · 31.05.2011 · 23:59 · 1 min
BNR Keeps An Eye On Greek-Owned Banks, No Help Needed - Supervisory Chief
Banks-Insurance

BNR Keeps An Eye On Greek-Owned Banks, No Help Needed - Supervisory Chief

Greek-held local banks are not affected by the problems faced by their shareholders in their countries of origin, where customers are moving their deposits abroad, and they have sufficient l...

MediafaxFoto - Mediafax · 30.05.2011 · 03:00 · 1 min