CINTEZA
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Central Bank Greenlights Major Portfolio Cleanup Across Banking System
Banks will be allowed to remove from their balance sheets six billion lei (EUR1.36 billion) worth of non-performing loans (NPLs) fully provisioned for and without any reasonable hope of recovery, after Romania’s central bank started the action plan to curb NPL...
Cinteza: BNR Hasn’t Received Notification Of A CEC Management Change
The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about...
Volksbank Romania To Sell Non-Performing Loans Shortly, Says Ctrl Banker
Volksbank Romania, a unit of Austria’s Volksbank AG, plans to sell part of its non-performing loans “shortly,” a central bank official said Thursday.
Central Banker Sees Likely Mergers In Romania Banking Arena
Romania’s banking system will likely witness several mergers in the upcoming period, once the shareholders realize the value of their institution has changed following the financial and econ...
Cinteza: Banking System To Make Profit In 2013; Provisions Continue Rise
The Romanian banking system will likely turn to profit in 2013, despite a substantial rise in loan-loss provisioning estimated during the last two months of the year, a central bank official...
Central Bank Official: Lending in Romania Won’t Revive Until the Fall of 2014
The lending activity in Romania will not revive until the autumn of 2014, as banks are not ready to take additional risks before a new series of checkups of the central bank early next year,...
Cinteza: Romania NPL Ratio At 21.7% in October
The non-performing loan (NPL) ratio in Romania’s banking system inched 10 basis points higher in October from the previous month, to 21.7%, a senior central bank official said Thursday, addi...
Marfin Bank Romania Has Solid Financials, Says Cinteza
Marfin Bank Romania, the local unit of Cyprus Popular Bank, has a solid financial position and it doesn’t rely on liquidity from the mother bank, the head of Romanian central bank’s supervis...
Cinteza, BNR: New Lending Rules, A Tool To Educate Bankers
Nicolae Cinteza, head of the supervisory department of the Romanian central bank (BNR), says the new lending regulations, which introduce tighter terms especially for consumer loans, are a t...