RBS
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RBS Romania Keeps Only Four Branches To Serve Corporate Customers
RBS has completed an important phase of the restructuring of its Romanian operations, which includes reducing its territorial network to four branches, as the bank plans to serve only corpor...
RBS, Citi And Bank Of Cyprus Step Up Talks To Sell Portfolios
The new banking year starts with stepped-up negotiations for the sale of business portfolios; the main sellers are RBS, Citibank and Bank of Cyprus, sources on the market say.
Head Of RBS Romania: 4-5 Universal Banks Will Remain, The Rest Will Be Niche Players
The most often used expression at the Meet the CEO event whose guest was Henk Paardekooper, head of RBS Romania, was “to be rebuilt” and various synonyms thereof – reinventing careers, trans...
RBS: Large Companies Would Rather Live With Exchange Rate Risk Than Borrow Lei At Higher Costs
The 6 percent gap between the interest rate on loans in the Romanian currency and that on loans in euros is too high for large companies, which means that even companies who do business excl...
Creditor Banks Become Minority Shareholders In IRS Rolling Stock Plants
The banks that found a German private investor for Romanian insolvent group International Railways Systems also became a shareholder, in a first for the local market.
RBS To Lay Off 350 Employees As Part Of Plan To Abandon Retail Division
UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employee...
RBS: We Are Among The Most Profitable, But Giving Up Retail Will Make Us Stronger
RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most...
RBS: Leu To Fare Better Than Zloty And Forint
The Romanian central bank (BNR) wants to keep the leu/euro exchange rate stable, limit its volatility in order to create the framework for economic growth, and has sufficient forex reserves...
Hidroelectrica Takes Out EUR32 Million Loan From RBS
Hidroelectrica, Romania’s largest energy producer, continues to borrow money from major banks. The latest bank it turned to is RBS Romania, from which it took out a EUR32 million loan.