bad loans
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Credit Europe Halves Loss In Romania
Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 million), half the loss posted in the same period of 2013,...
Bad Loan Ratio Falls After NPL Sales
The bad loan ratio has entered a downward trend in Romania after it peaked at 22.3% in March and analysts expect the trend to maintain amid the sale of certain portfolios of soured loans.
Massive NPL Transaction: Volksbank Romania Wants To Get Rid Of Liabilities Of EUR600M
Volksbank, one of the biggest loss-makers on the Romanian banking market, has put up for sale a bundle of non-performing retail loans worth around EUR600 million in total. The amount include...
BNR At A Loss To Allow Banks To Write Off Bad Loans
Romania’s central bank still has its reservations when it comes to allowing banks to write off bad loans (completely erase the value of non-performing loans), because it doesn’t consider it...
BCR Risk Officer: Up To 15% Of Bad Loans Due To Fraud
Some 10% to 15% of the non-performing loans of Romanian bank Banca Comerciala Romana (BCR) are due to frauds committed by dishonest employees and by outside persons, Chief Risk Officer Micha...
Bad Debts Provisions Surge; Bankers Put Aside RON740M In July
Romanian banks booked provisions worth 739 million lei (EUR175 million) in July, up 16% from a month earlier, a sign that downside pressure on loan portfolio remains high and economic recove...