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Banks-Insurance

BCR Banca pentru Locuinte 1H Profit Triples To RON3M

BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, reported a profit of 3 million lei (EUR0.7 million) in the first half, over threefold higher on the year, t...

Florentina Dragu · 09.08.2011 · 13:09 · 1 min
Banks-Insurance

Only Ten Mortgage Loans In Lei Granted Through “First Home 4”

The increase in the cost of euro funding and the decline in interests on the Bucharest monetary market have not persuaded Romanians to borrow in lei instead of euros, so bankers have managed...

Ciprian Botea · 04.08.2011 · 10:00 · 2 min
Banks-Insurance

One Third Of Romanians Have No Confidence In Banks

After around 10 years during which one could speak about retail banking in Romania, the banking industry, populated by dozens of lending institutions, is finding out the market has not gone...

Razvan Voican · 04.08.2011 · 00:00 · 2 min
Past Due Swiss Franc Loans Climb By EUR10 Mln Per Month
Banks-Insurance

Past Due Swiss Franc Loans Climb By EUR10 Mln Per Month

Past due amounts on Swiss franc-denominated loans are making loan holders nervous, with the Swiss franc expected to reach parity with the euro this autumn.

Ciprian Botea · 03.08.2011 · 00:00 · 2 min
Energy

Dafora To Refinance EUR25M Loans

Romanian drilling company Dafora Medias (DAFR.RO) will refinance its existing loans in a move to obtain better lending terms, the company said in a statement Monday.

Florentina Dragu · 01.08.2011 · 16:42 · 1 min
TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR
Banks-Insurance

TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR

Romanian steel pipe maker TMK Artrom Slatina (ART.RO), part of Russian steel group TMK, Friday said it plans to take out loans worth a total EUR60 million from UniCredit Tiriac Bank and Banc...

Andrei Cîrchelan · 29.07.2011 · 13:05 · 1 min
Oltchim Seeks Loans Worth EUR250M For Investments, Working Capital
Capital Market

Oltchim Seeks Loans Worth EUR250M For Investments, Working Capital

Romanian chemical company Oltchim (OLT.RO) plans to take out loans worth a total EUR250 million, to fund investment and working capital, according to its shareholder meeting summoning announ...

Andrei Cîrchelan · 28.07.2011 · 11:13 · 1 min
Banks-Insurance

One Fifth Of Loans In Bistrita And Galati Are Overdue

Almost one fifth of loans taken out by individuals and by companies in counties such as Bistrita, Galati and Ialomita are overdue, double the national average.

Ciprian Botea · 27.07.2011 · 00:00 · 1 min
Real Estate

Raiffeisen Plans To Grant EUR115m Worth Of First Home 4 Loans

Austrian-held Raiffeisen on Monday resumed sales of mortgage loans through the “First Home” scheme. It has a EUR115 million allotted cap for the scheme.

Ciprian Botea · 26.07.2011 · 00:00 · 1 min