NBFI
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Romanian Biochem Sets Up NBFI; Wants To Release EUR50M Worth Of Funding For Farms In 2015
Fertilizer, pesticide and seed wholesaler Biochem, held by Chimisliu family of Constanta, registered Biochem Creditare IFN, an entity that will turn into the company’s lending unit and relea...
NBFIs Doubled Profit In H1
Non-bank financial institutions (NBFI), a segment that includes consumer finance and leasing companies, posted about 300 million lei (EUR68 million) aggregate profit in the first half, doubl...
NBFIs In Romania Lost RON700M Worth Of Loans In Six Months
Loans granted to companies and individuals by non-banking financial institutions (NBFI) included in the central bank's general registry were worth 21.7 billion lei (EUR4.9 billion) in mid-20...
NBFIs To Start Offering Loans For EU-Funded Farming Investment Projects
Non-bank financial institutions (NBFI) will start selling loans next year to farmers looking to get EU funds for their investments under a new EU agriculture funding program. The EU funds av...
Pawnbrokers, A RON700M Industry In 2013
Romania’s 20 largest pawn shop networks, included in the category of non-banking financial institutions supervised by the central bank, reported revenue worth 370 million lei (EUR84 million)...
NBFIs Raked In More Profit Than Banks In Romania In 2013
The 50 largest non-banking financial institutions (NBFI), largely consumer lending companies, in 2013 reported overall profit worth 144 million lei (EUR33 million) amid revenue of RON2.9 bil...
NBFI Market Lost RON6B Worth Of Loans In Four Years
The stock of loans granted by non-bank financial institutions (NBFI) has shrunk by almost 6 billion lei (EUR1.34 billion) or 25% to RON18 billion from the end of 2009 through February 2014,...
Non-Performing Retail Loans Cause Banks EUR2B Losses
A total of 9 billion lei (EUR2 billion) worth of retail loans were more than 90 days overdue at the end of February, written off by banks because chances of recovery were slim to none. Such...
Nearly EUR3 Billion Erased From Portfolios Of NBFIs Since The Crisis Started
Leasing companies and the other Non-bank Financial Institutions (NBFIs) have lost several tens of thousands of clients since the beginning of the crisis, with loan portfolios cut by a third.