LOANS
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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...
BCR Creates Stand-Alone Unit To Deal With EUR3.2bn In Sour Loans
Romania’s largest bank BCR will have a debt collection unit, staffed by 500 people, operate as standalone company.
Bad Loans Bring Romanian Banking System Loss To RON2.1B
In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing.
Radu, Unicredit: Deposit Interest Rate Cuts Won’t Be Followed By Cheaper Loans
The cuts to deposit interest rates announced by banks in the last few weeks will not also mean a cheapening of loans, according to Rasvan Radu, executive president of UniCredit Tiriac Bank.
UPC Romania, Focus Sat Hike Share Capital By Over EUR130M
US group Liberty Global increased the capital of its subsidiaries UPC Romania and Focus Sat with 581.2 million lei (EUR133 million) through debts reconversion, operation aimed to improve the...
Euro Remains By Far Romania's Preferred Currency For Mortgage Loans
Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei.
Banks In Romania Must No Longer Require BNR’s Approval For Lending Rules
Banks in Romania must no longer await the central bank’s approval to apply lending rules, starting this month.
Alro Expects 8.9% Lower Turnover In 2012, To $582M
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, has revised downward this year’s turnover to $582 million, 8.9% lower compared to turnover of $639.5 million...
Banks Stop Promoting Loans In Lei For Consumers, Make Them More Expensive
Bankers have ceased promoting loans in lei and even made them more expensive over the past few months. The high interests that once discouraged customers from borrowing in domestic currency...