LOSS
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Romanian Banking System Loss Stood At RON3.6B End-November 2014
Romania's banking system posted a loss of RON3.58 billion in January-November last year, as banks purged their balance sheets of non-performing loans, central bank governor Mugur Isarescu sa...
Romanian Banking System Loss Exceeded RON2B In 2014 - Central Bank Official
The overall banking system in Romania had losses of more than RON2 billion in 2014, as that level had already been exceeded in November, Nicolae Cinteza, head of the central bank’s Superviso...
Reason Behind Volksbank’s Departure: RON1.75B Loss In Four Years
The local subsidiary of Volksbank, which Banca Transilvania (TLV.RO) acquired this week, posted more than 1.75 billion lei (about EUR400 million) losses in the last four years due to sour lo...
Astra's 2013 IFRS Loss Was RON29M Lower Than By Local Reporting Standards
Romanian insurer Astra Asigurari registered losses of RON888.45 million (EUR200 million) under international financial reporting standards (IFRS), RON28.88 million (RON6.5 million) lower tha...
Danone And FrieslandCampina Sales Down In H1, Losses Deepen
The losses of FrieslandCampina Romania and Danone Romania, two of the largest dairy companies in the country, more than doubled in the first half, while revenue went down, continuing last ye...
Cinteza: Romania's Banking System Loss To Exceed RON2B In 2014
The provisions booked by banks via non-performing loans cleanup process triggered a net loss of 1.58 billion lei (EUR35 million) in the banking system in January-September, but losses will e...
State Property Authority Misses Revenue Target For Third Year Running, Widens Loss
Romania's state property authority RA-APPS continued to ignore real estate consultants' warnings and failed to reach its revenue target from the sale of state property for the third year in...
OMV Petrom Anticipates Negative Result Of Power Business In 2014
Romania’s leading oil&gas company OMV Petrom (SNP.RO), owned by OMV Austria, estimates it will register losses from the electricity production this year, after the electric power generated i...
Unprofitable Drilling In Romania Widens Petroceltic 1H Loss
Oil company Petroceltic said Wednesday it had a loss of $57.4 million in the first half of the year, from a loss of $16.1 million in the same period a year ago, mainly due to the amortizatio...