DEPOSITS
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Romanian Depositors Move Savings To Larger Banks After Cyprus Bailout Deal
Unsettling details about the Cyprus bailout deal, which taxed large savings and saw the nation’s second-biggest bank dismantled, along fears that the terms might be applied to future rescue...
Romanians Transfer Deposits From Lei To Euros
The foreign currency deposits of individuals and companies in Romania have risen by the equivalent of EUR2.3 billion in the past year, with more than a third of the amounts being transferred...
Bank of Cyprus Says Tax On Deposits To Apply Only In Cyprus
Bank of Cyprus announced Monday the decision to tax bank deposits higher than EUR100,000 will apply only to deposits in Cyprus.
Volksbank: Romanians Are Starting To Save More
Uncertainty about the economy and the lingering financial crisis have pushed many Romanians to save more despite the low interests, Volksbank Romania’s vice-president Lucian Cojocaru said Fr...
16,000 Romanians Keep EUR3.7 Billion In Bank Deposits
Sixteen million Romanians are keeping EUR28 billion in banks and 0.1% of them deposited EUR3.7 billion, or EUR220,000 each.
Greek Banks Close Down 60 Branches In Crisis, Deposits Fall By EUR600M
Greek banks in Romania had deposits of EUR4.3 billion left in September last year, down by the equivalent of EUR600 million compared with September 2011, according to data published by share...
External Financing Cut Forces Banks To Seek Long-Term Deposits
Ten banks are currently looking to sell two-year deposits in Romanian lei in order to improve their funding as they are facing a reduction in foreign resources.
Foreign Banks Withdrew EUR1B From Local Deposits Since August 2011
Non-residents, especially banking groups, had EUR7.65 billion deposited in Romanian banks on medium and long-term maturities at the end of September, down EUR841 million from December 2011.
Bank Deposits Stagnate At EUR43B In September
The deposits of individuals and companies were almost flat in September at 194 billion lei (EUR43 billion), according to central bank data, confirming the slowing growth trend of savings.