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Capital Market

ArcelorMittal To Hike Share Capital Of 2 Romanian Subsidiaries

ArcelorMittal Tubular Products Holding, the tubular products arm of the world’s largest steelmaker ArcelorMittal, will invest 370 million lei (EUR86 million) in the capital stock of its Roma...

Florentina Dragu · 22.12.2011 · 18:59 · 1 min
Twenty Companies Got EUR2.5B Worth Of Loans This Year
Companies

Twenty Companies Got EUR2.5B Worth Of Loans This Year

The cumulated value of the 20 largest banking loans accessed by local companies this year exceeds EUR2.5 billion after banks were much more cautious with lending in 2010, reveals an analysis...

Cristi Moga · 14.12.2011 · 00:00 · 2 min
ATE Bank Romania Hikes Capital To RON221M
Banks-Insurance

ATE Bank Romania Hikes Capital To RON221M

ATE Bank Romania Monday said it has increased its share capital by 84.47 million lei (around EUR20 million) to RON220.94 milion, via cash contribution from its majority holder, Greece’s ATE...

Florentina Dragu · 12.12.2011 · 11:19 · 1 min
Banks-Insurance

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.

Razvan Voican · 09.11.2011 · 00:00 · 2 min
Banks-Insurance

Negritoiu, ING: Can't Build Walls To Keep Capital In

The scenario under which foreign banks will reduce their exposure to Romania because of capital needs is already likely to become reality, not just a risk, and capital repatriations can be s...

Razvan Voican · 02.11.2011 · 00:00 · 3 min
President Basescu, Finance Ministry, BNR Ask EU In Unison To Persuade Banks Not To Withdraw Capital
Banks-Insurance

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...

Razvan Voican · 27.10.2011 · 01:00 · 3 min
Banks-Insurance

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...

Razvan Voican · 27.10.2011 · 00:00 · 3 min
Romania Faces Difficulties If Mother-Banks Reduce Cash Flows, President Says
Banks-Insurance

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.

Florentina Dragu · 26.10.2011 · 16:19 · 1 min
Foreign-Held Banks Added EUR1B Fresh Capital Since Crisis Debut
Banks-Insurance

Foreign-Held Banks Added EUR1B Fresh Capital Since Crisis Debut

Foreign banks contributed 850 million lei (EUR200 million) to the local subsidiaries’ capital and announced up to EUR360 million capital injections, to be done in part by the end of 2011. Th...

Oana Gavrila · 17.10.2011 · 00:00 · 3 min