PROVISIONS
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Piraeus Bank Set Up Provisions Of EUR9M For Loans Subject To Debt Discharge Law
Piraeus Bank set up provisions (reserves covering potential risks) worth EUR9 million for loans that might fall under the debt discharge law, bank representatives said on Wednesday.
OMV Booked EUR140M Provisions For Brazi Power Plant In 4Q
Austrian oil and gas group OMV booked provisions worth EUR700 million in the fourth quarter of 2014, out of which EUR340 million for the operations of Petrol Ofisi in Turkey and EUR140 milli...
BRD’s Loan-Loss Provisions Rose More Than Expected In Q4 - CEO
Romania’s second-largest bank BRD (BRD.RO) has booked more loan-loss provisions than initially estimated in the last quarter of 2013, chief executive Philippe Lhotte said Wednesday.
Romanian Banks May Book Extra RON3B Provisions For Bad Loans
Romanian lenders may have to make additional loan-loss provisions of some 3 billion lei (over EUR600 million) following a reevaluation of their loan guarantees, according to market sources.
UniCredit Tiriac Bank Cuts RON0.5B Off Provisions After IFRS Introduction
Romanian lender UniCredit Tiriac Bank freed up some 550 million lei (EUR125.7 million) from its provisions by switching to international financial reporting standards (IFRS) from the local s...
Romanian Banks Unlock RON10B Provisions After IFRS Adoption
Romanian lenders have unlocked loan loss provisions worth around 10 billion lei (EUR2.3 billion) following the adoption of the international financial reporting standards in January this yea...
Erste Group Sets Money Aside For Compensation Pay In Romania, Hungary
Austrian lender Erste Group Bank (EBS.RO) Wednesday announced it has made provisions for compensation pay in Hungary and Romania, which contributed to a 2.6% increase of staff expenditure, t...
BRD To Free Up Provisions Of RON1.5B After IFRS Adoption
Romanian second largest lender BRD- Groupe Societe Generale (BRD.RO) estimates will free up provisions worth some 1.5 billion lei (EUR350 million) following the adoption of the international...
BCR Sees 35% Rise In 2012 Bad Loan Provisions
Romanian leading bank Banca Comerciala Romana (BCR) estimates provisions for potential bad loans will rise 35% to 5.32 billion lei (EUR1.22 billion) in 2012, according to the lender’s revenu...