VAN GRONINGEN
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Raiffeisen Bank Comfortable With Provision Level, CEO Says
Raiffeisen, the most profitable bank in 2013 thanks to its 458 million lei (EUR103 million) net income, feels comfortable with its provision level, says Steven van Groningen, chief executive officer of the last twelve years.
Raiffeisen: Slim Chances Of Organic Growth, We’re Looking At Acquisition Targets
Raiffeisen Bank Romania gained a lot of experience with the takeover of Citi’s retail portfolio (EUR90 million of loans and EUR175 million in deposits) last year and continues to look at acq...
van Groningen Says Demand For Foreign Currency Loans Remains High
The chief executive of Raiffeisen Bank Romania Thursday said that local demand for foreign currency loans remains high despite restrictions imposed by the central bank in a move to limit the...
van Groningen: Romania Should Have No More Than Four Universal Banks
The banking system in Romania will undoubtedly consolidate further because it becomes highly costly to keep a universal bank running and the local market is not able to support more than fou...
Raiffeisen Bank: Lenders Reluctant To Finance SMEs Because Collateral Is Worthless
Romanian banks cannot afford the risk to finance small and medium-sized companies, because collateral values depreciate very quickly in case of insolvency, the head of Raiffeisen Bank Romani...
Raiffeisen’s van Groningen Stays For Another Term
Dutch-born Steven van Groningen, who has been president and chief executive officer of Raiffeisen Bank Romania since 2002, has negotiated a new term at the helm of Raiffeisen's local subsidi...