06.02.2013

Greek group Eurobank, the owner of lender Bancpost and other local financial companies, registered net profit of EUR4.3 million in Romania in the first quarter of 2013, versus loss of EUR10.3 million more

04.29.2013

Residential property prices rose slightly in Romania in the first three months of the year, after a mild decrease in the previous quarter, according to EFG Eurobank. more

04.09.2013

Bancpost and Banca Romaneasca, which were set to merge into a bank with EUR4 billion assets ranking 7th on the Romanian market, will remain two separate entities for the time being after the merger more

03.28.2013

Greek group EFG Eurobank, the owner of lender Bancpost and other local financial companies, registered losses of EUR35.2 million in Romania last year, from a negative result of EUR25.1 million in more

12.20.2012

Greek group EFG Eurobank, the owner of lender Bancpost and other local financial companies, registered a loss of EUR27.3 million in Romania in the first nine months of 2012, from a negative result of more

11.14.2012

Romanian lender Bancpost will take over the brokerage activity of firm Eurobank Securities, both part of Greek group Eurobank. more

05.31.2012

Greek group EFG Eurobank, the owner of lender Bancpost, posted losses of EUR10.3 million from its Romanian operations in the first quarter, much higher than the EUR1.1 million losses posted in the more

05.25.2012

Greek financial group Eurobank continues its effort to restore the profitability of Bancpost, the tenth largest bank in Romania by assets by putting a Greek banker in charge. The banker, Anthony more

05.24.2012

Peter Weiss, the Dutch executive who took the position of chief executive officer of Bancpost in early 2011, will leave the bank. more

04.20.2012

The EFG Eurobank group, the majority shareholder of Bancpost, reported losses of EUR25.1 million in 2011 in Romania, after net profits of EUR15.8 million in 2010. more

03.15.2012

The planned merger of Greek groups Alpha Bank and EFG Eurobank, which was supposed to create the third-largest bank by assets in Romania, only survived for six months, and was officially buried by the more

01.31.2012

After being announced in late August 2011, the merger of Greek banking groups Alpha Bank and Eurobank, which should have created the third-ranking lender by assets on the Romanian market – Alpha more

01.18.2012

Bancpost and Alpha Bank, the Romanian units of Greek banks EFG Eurobank and Alpha Bank, which should have completed their merger in legal terms by the end of 2011, do not have a calendar or a plan to more

11.28.2011

Greece’s second biggest bank EFG Eurobank Monday said it has switched to a loss of EUR8.2 million in Romania in the first nine months, from a net profit of roughly EUR14 million in the year-earlier more

11.28.2011

Romanian Competition Council on Monday said it has approved the merger between Alpha Bank and EFG Eurobank, where the former absorbs the latter, concluding that antitrust regulations are not breached. more

10.24.2011

Alpha Bank Romania and Bancpost, two top 10 banks in Romania, and their clients were set to find out on Monday what the merger of their parent banks would look like, in the wake of the extraordinary more

09.01.2011

The name of the lender created by the merger of Greek financial groups Alpha Bank and Eurobank, which will own the third leading bank in Romania by assets, should be Alpha Eurobank, but no decision more

08.31.2011

Bad loans are still pounding the domestic subsidiaries of Greek groups Alpha Bank and EFF Eurobank, with the two setting up loan loss provisions of above EUR80 million in the first six months. more

08.31.2011

Sergiu Oprescu, executive president of Alpha Bank, and Peter Weiss, executive president of Bancpost, had a private meeting scheduled for Monday evening to unofficially discuss the domestic more

08.29.2011

Greece’s second biggest bank EFG Eurobank Monday said it has switched to a loss of EUR4.6 million in Romania in the first six months, from a net profit of EUR10.7 million in the year-earlier period. more

08.29.2011

The freshly announced merger between Greek lenders EFG Eurobank and Alpha Bank will propel their Romanian subsidiaries to the third position in the local system, from the lower half of the top 10 more

07.13.2011

The government’s sale offering of Petrom shares, but so far there is no public information on the level of subscription, which will only be known when the offering closes on July 22. more

07.11.2011

The thirst for liquidity of small and mid-sized banks has led to the re-emergence on the market of offers of leu-denominated deposits with interests of 7.5% to 7.75% a year, even though the major more

05.25.2011

Greek group EFG Eurobank on Wednesday reported a first quarter loss of EUR1.1 million in Romania, compared to EUR2.1 million profit in the same interval last year. more