01.26.2016

The Executive Board of insurer Carpatica Asig, along with the guarantee fund of the insured (FGA), is authorized to complete the capital attraction procedure and the due diligence process, after the more

01.26.2016

Romanian lender Banca Comerciala Carpatica (BCC.RO) halved its net loss down to RON85.43 million in 2015, from RON169.5 million a year before, but its assets also saw a decline, falling by 4.7% to more

01.25.2016

Romania’s Financial Supervisory Authority ASF will apply resolution measures at insurance company Carpatica Asig in order to avoid any potential negative effects on the financial stability of the more

01.11.2016

Insurance company Carpatica Asig, controlled by businessman Ilie Carabulea, said Monday it is starting the due diligence procedure by which the company will be financially, commercially and more

01.04.2016

Nextebank submitted a non-binding bid to Banca Comerciala Carpatica (BCC), on the last day of 2015, in order to subscribe within a share capital increase offer, but wants to conduct an in-depth more

01.04.2016

What should have been the most important event of 2015 in the Romanian banking sector, the entry of private investment firm JC Flowers via the acquisition of two banks, Piraeus and Carpatica, fell more

12.28.2015

Shareholders of insurance company Carpatica Asig, controlled by businessman Ilie Carabulea, signed on December 21 a memorandum of understanding with an exclusivity clause with a "European strategic more

12.15.2015

Shareholders of Carpatica Asig, controlled by businessman Ilie Carabulea, are in advanced negotiations with several investors interested in taking over the company, Carpatica Asig said in a statement more

10.30.2015

Romanian lender Banca Comerciala Carpatica (BCC.RO) widened its loss in the first nine months of the year to RON26.5 million, from RON21.7 million in the same period last year, as its revenue declined more

10.12.2015

Shareholders of Banca Comerciala Carpatica (BCC.RO) authorized the managing board to sell US fund J.C. Flowers or other investors the right to subscribe the shares which remained unsubscribed more

09.21.2015

Carpatica Asig, controlled by businessman Ilie Carabulea and currently under financial recovery, on Monday said it increased its share capital by RON2.5 million, to RON24.3 million, through more

09.14.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Authority more

09.11.2015

Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, underwrote gross premiums of RON257.26 million in the first six months, down 15.7% on the year, in line more

09.09.2015

US fund J.C. Flowers shook hands with Romanian lender Banca Comerciala Carpatica (BCC.RO) stockholders to buy a 25% stake in the bank through a private investment worth nearly 80 million lei deal. more

09.09.2015

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 to buy more

09.08.2015

The management of Romanian lender Banca Comerciala Carpatica (BCC.RO) summoned an extraordinary stockholders’ meeting October 9 to approve the change of the terms and conditions of the share capital more

09.04.2015

The shares of Banca Comerciala Carpatica (BCC.RO) increased by over 10% on the Bucharest Stock Exchange September 3, up to 0.0465 lei per unit, on takeover rumors by US’ fund J.C. Flowers. more

09.03.2015

US’ fund J.C. Flowers, is trying to take over both Romanian lender Banca Comerciala Carpatica (BCC.RO) and Greek-owned lender Piraeus Bank in an attempt to set up a bank worth of a top 10 position more

08.11.2015

Romanian lender Banca Comerciala Carpatica (BCC.RO) widened its loss in the first half of the year to RON15 million, from RON0.35 million in the same period last year, as its net revenue declined 40%, more

07.13.2015

Aqua Carpatica mineral water is exported to 14 countries in Europe, Asia and North America, Carpathian Springs, the company owned by businessman Jean Valvis, said in a statement Monday. more

06.19.2015

Banca Comerciala Carpatica (BCC) will cut its share capital by RON204.49 million to RON110.13 million to cover losses, and will subsequently hike its share capital by RON110.1 million by issuing new more

05.28.2015

Insurer Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, might need additional capital of EUR100 million to meet Solvency II requirements, according to more

05.08.2015

Banca Comerciala Carpatica (BCC) on Friday said it switched to profit in the first quarter of 2015, posting a positive of nearly RON0.65 million, from a loss of nearly RON1 million in the same period more

03.26.2015

Romanian lender Banca Comerciala Carpatica (BCC.RO) wants to resume talks with Nextebank on a potential merger and to reduce its losses by lowering its share capital by RON204.5 million. more

02.13.2015

Romanian lender Banca Comerciala Carpatica (BCC.RO) Friday said it switched to 170 million lei (EUR38.2 million) loss in 2014, from RON38.4 million profit a year before, after booking additional more