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BCR Sees RON647M Net Profit In 2014
Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a net profit of 647 million lei (EUR142.8 million) for the full-year 2014, according to the lender’s re...
Banks Expected To End 2013 In The Black
Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion los...
SIF Transilvania Remains Most Profitable SIF In 2013
SIF Transilvania (SIF3.RO) maintained its position as the most profitable Romanian investment fund in 2013, for the third consecutive year, with a net profit of 193.8 million lei (EUR44 mill...
Proprietatea Fund Net Profit Up 20% To RON682.2M In 2013
Romanian investment fund Fondul Proprietatea (FP.RO) Wednesday said its net profit rose 20.3% on the year to 682.15 million lei (EUR150.7 million) in 2013, largely fueled by one-time income...
Insurer Allianz-Tiriac To Swing Back To Profit This Year
Allianz-Tiriac Asigurari will end 2013 with revenues slightly higher than the RON900.2 million it posted in 2012 and will awing back to profit following a loss of RON42.7 million last year.
Vrignaud, Allianz-Tiriac: Profit Remains Our No. 1 Objective
Profitability remains the main focus of Allianz-Tiriac in the coming period, after the insurer improved its profit rate in the first nine months of this year, Remi Vrignaud, the insurer’s ge...
Raiffeisen Bank Romania 9-Month Profit Up 11.3% To EUR81M
Raiffeisen Bank International Wednesday reported profit after taxes of EUR81 million in Romania for the first nine months of 2013, up 11.3% on the year, mainly due to higher net commission a...
Finance Ministry Plans To Get More Money From Tax On Profit, Income By 2017
Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts...
Cocor Swings To 9-Month Net Profit Of RON4M
Shopping center operator Cocor Bucuresti (COCR.RO) switched to net profit of 4 million lei (EUR0.921 million) in the first nine months of 2013, after loss of RON10.5 million in the similar i...