cleanup
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Uniqa: Romanian Insurance Market Will Experience A Painful Time
The local insurance market is going through a cleanup and transformation process but what will come next will be a more painful time, because the insurers that will remain will have to swallow the costs of those that will leave, says Franz Weiler, chief execut...
US Fund Encouraged To Do Some Cleanup In Romania’s Banking System
US private equity fund J.C. Flowers has finally reached an agreement with the group run by businessman Ilie Carabulea to take over Banca Carpatica (BCC.RO), the first move in a broader plan...
Bankers To Clean Up Portfolios Before Turning On Lending Tap
Bankers are waiting to clean up their portfolios by removing fully provisioned non-performing loans from their balance sheets before boosting lending, but continue to complain about really w...
Central Bank Greenlights Major Portfolio Cleanup Across Banking System
Banks will be allowed to remove from their balance sheets six billion lei (EUR1.36 billion) worth of non-performing loans (NPLs) fully provisioned for and without any reasonable hope of reco...