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Association: Impact Of Upcoming Measures In Greece On Romanian Market To Remain Limited
The Romanian banking industry association CPBR thinks that, regardless of any upcoming measures in Greece, the impact on the Romanian market will remain limited.
Adrian Vasilescu, BNR: Greek Shareholders Interference On Local Banks Severely Restricted By Central Bank Rules
The four local banks controlled by Greek financial groups are under the regulations of the Romanian central bank, which can take action in case of interference from shareholders, while their...
BNR: We’ll Intervene If Greece Introduces Capital Controls
Tension is mounting on the Romanian financial market, too, as Greek banks control 12% of the local banking assets, now that the crisis in Athens has reached that point where capital controls...
Withdrawals From Greek Banks' Romanian Units Reach EUR380M In 1Q
The Romanian units of Greek lenders Alpha Bank, Bancpost and Piraeus Bank reported total deposits of EUR4.3 billion (nearly RON19 billion) end-March, down 8% compared with December 2014, acc...
Grampet-GFR Participates In Privatization Of Greece’s Train OSE
Romanian group Grampet-GFR, controlled by businessman Gruia Stoica, said Wednesday it will participate in the privatization of Greece’s state-owned freight railway operator Train OSE.
Romania Banking System To Remain Unscathed If Greece Decides To Sell Subsidiaries
A possible decision from Greek banks to sell their Romanian subsidiaries would have no negative effects on the local banking system, the head of Romanian Banking Association said Monday.
Bancpost And Banca Romaneasca Forgo Merger Plans
Bancpost and Banca Romaneasca, which were set to merge into a bank with EUR4 billion assets ranking 7th on the Romanian market, will remain two separate entities for the time being after the...
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...
ANAT Eyes Protocol With Greek Tourism Organization To Promote Romanian Destinations
Corina Martin, head of Romania's National Association of Tour Operators (ANAT), on Saturday said the association will sign a protocol with the Greek Tourism Organization in a move to bring i...