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Top Ten Romanian Banks After 1H
The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are see...
ING: Romania’s 2Q GDP A Positive Surprise, After Sector Performances
Romania’s second-quarter gross domestic product data is a positive surprise, as sector performances were weak, with only constructions posting a small growth, ING Bank Romania chief economis...
Austrian Banks Have Highest Exposure To Romania
Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market.
ING Revises Down Year-end CPI Forecast To 4.7%
ING Bank Romania Tuesday revised downward its forecast on the year-end inflation to 4.7% from 6.1% previously, following better-than-expected figures in June and the energy watchdog’s decisi...
Negritoiu, ING: Monetary Policy Is Like High Blood Pressure. It Doesn’t Hurt, But Can Kill You
The Romanian central bank (BNR) has long been talking about discouraging euro-denominated loans after letting them become dominant, but is not taking concrete steps to encourage the use of l...
Fondul Proprietatea Moves EUR4B Wealth From Bancpost To ING
Franklin Templeton replaced Bancpost, a bank controlled by Greece’s EFG Eurobank, after a three years’ mandate as a depositary and custodian of the 16.4 billion lei (EUR3.89 billion) assets...
ING Has Several Major Corporate Financing Deals In Pipeline
The first three months of this year were frustrating as financing deals under discussion were making no headway, but several projects are nearing completion in summer, says Mihaela Bitu, ING...
ING Bank Plans To Move Central HQ To New Location In Bucharest
ING Bank Romania is under negotiations to move its central headquarters in Bucharest to a new location, after 17 years of using a historic building that has become too confined.
ING Says Romania’s Plan To Cap Deficit At 3% Of GDP Ill-timed
Romania’s planned amendments to the Constitution in order to limit the consolidated budget deficit to 3% of the gross domestic product may be positive on the long run, but its immediate oppo...