romexterra
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MKB Expected To Sell Romexterra Below Asset Value
The MKB group took an impairment of around EUR169 million on its Romanian investment as early as last year, at a time when the management expected to sell Romexterra Bank for a low price, which would not cover the net value of assets.
What’s Left Of MKB Romexterra After Three Years Of Crisis
MKB Romexterra has focused on cleaning up its loan portfolio over the past two years and is now getting ready to resume sales of loans to small companies and consumers.
MKB Romexterra Bank Ups Share Capital By RON82M, To RON462M
MKB Romexterra Bank increased its share capital by 82 million lei (EUR19.65 million), to RON462 million, through cash contribution by majority shareholder MKB Bank Zrt.
Crisis Fallout In Banking: Four Foreign Groups Want To Sell Their Romania Operations
Four banks operating in Romania, one accounting for over 5% of the market, are waiting for investors to buy them in 2012-2013 at the latest, according to the official announcements made by t...
Why Hungary’s MKB Wants To Sell Romexterra
Assets halving to 1.6 billion lei (about EUR388 million), a 76% rise in provisions for non-performing loans, a 23% personnel cut, the deterioration of the cost/income ratio to over 75% and l...