18 mai 2012

The target for adopting the euro in 2015 acts as an anchor for macroeconomic balances, but it needs to be reconfirmed because at present it doesn’t seem very achievable, with the alternative being more

29 mar 2012

Austria’s Erste Group (EBS.RO) has only one of the top ten individual shareholders of BCR left to persuade, after nine of them have already accepted the offer to sell at 1.09 lei per share, which is more

20 dec 2011

2012 will be another difficult year, it will probably resemble 2011 and will not bring any spectacular developments, said Guy Poupet, chairman of BRD-SocGen, the second largest bank on the market. more

13 dec 2011

Lending will not grow significantly next year anyway because of the overall economic environment, so the lending restrictions of local Austrian-owned banks will not be reflected at market level, more

13 dec 2011

More than half the non-performing loans accumulated by BCR were generated during the 2006 - 2007 transitional period and before Erste took over the bank after it won the privatization process in 2006, more

12 dec 2011

Securing additional budget revenues through a chain of swaps with state-run companies that are indebted both to one another and to the state budget will be one of the three major sources of boosting more

7 dec 2011

The Austrian authorities have to clarify the lending terms they will introduce for the large Austrian-held banks in Romania. more

31 oct 2011

The National Bank of Romania (BNR) is to complete and approve the regulations of the operation of a new financial institution on the local market - the so-called bridge bank, which should be able to more

13 oct 2011

A potential default of Greece would clearly be bad, but this risk has been talked about so much that if it were to happen, it would not shock the world, as it would have a year ago, says James more

12 oct 2011

Officials of the six Greek bank branches went to the central bank to discuss action plans to be used in case of contingency. more

6 oct 2011

Bank Leumi, the Romanian subsidiary of one of the largest Israeli-held financial groups, posted a loss of 11.7 million lei (EUR2.7 million) by international standards in the first half, up 46% from more

6 oct 2011

UniCredit Tiriac Bank, the fifth largest lender in Romania, has gained trust to resume branch opening. However, the spectacular plan of opening 300 units in five years announced in late 2010 was more

3 oct 2011

Lenders can now get cash from the Romanian central bank (BNR) in exchange for their portfolios of euro-denominated bonds, issued by the Finance Ministry on foreign markets, in repurchase agreement more

8 aug 2011

Andrei Stamatian, recently appointed as a first vice-president with state-owned lender CEC Bank, says a lot has changed for the better since 2005, when he prepared Austria’s Raiffeisen bid for the more

20 iul 2011

ING Bank, the tenth largest bank on the market in 2010, increased its assets by 10% in the first five months of this year and plans to have the full-year increase reach 25%. more

8 iul 2011

The Romanian economy could use the conditions generated by the crisis to come up with stronger local companies, capable of achieving the status of “national champion”, as well as operate abroad more