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Prime Minister Ponta Expects 2.4% Economic Rise In First Half, ING Sees 1.8%
The National Statistics Institute is set to announce the economic growth for the first half of the year in mid-August, but estimates have already appeared, suggesting GDP growth of between 1...
Negritoiu: Romania Should Set Up Investment Fund To Capitalize Industrial Companies
The second day of ZF Bankers Summit ’13 brought up the weaknesses in the economy and the issue of insolvencies weighing on banks’ loan portfolios. One solution would be for the state to reca...
Negritoiu, ING: Banks Might Reduce Loss Next Year
Lending is unlikely to increase in Romania in the next year and banks will cut provisions, which means they are likely to reduce loss, ING Bank Romania president Misu Negritoiu said Thursday...
Citi To Acquire ING’s Custody And Securities Services Business In CEE Europe
Citigroup Inc. financial services corporation has reached an agreement to acquire ING’s custody and securities services business in seven Central and Eastern European markets, including Roma...
Negritoiu, ING: Clients With More Than EUR100,000 In A Bank Are Investors, Not Depositors
Clients who hold deposits of over EUR100,000 are more likely to be investors than simple depositors, and they should have been aware of the risks they were taking when investing in Cypriot b...
Romania Is A Market Where ING Group Seeks Growth, Says Local CEO
ING Bank Romania does not need any restructuring program and will in no way follow into footsteps of other major international groups, which are drastically reducing local presence.
ING Ready To Take Advantage Of Weakened Competition
The banking market is not growing, but it does provide many opportunities, partly because of the weakened competition. ING Bank will be active on all customer segments this year and target m...
ING Bank Romania To Grant Household Mortgage Loans Only In Lei As Of 2013
ING Bank Romania will grant household mortgage loans only in lei as of January 1, 2013, due to the risk of taking a loan in foreign currency while people’s income is earned in local currency...
Negritoiu, ING: We Are Moving In The Right Direction, But More Things Need To Be Done
Misu Negritoiu, chairman of ING Bank Romania, says he would like to get involved in the management of EU-funded projects after ending his term and that he wants to help raise Romanians’ leve...