The First Vice Governor of the National Bank of Romania (BNR), Florin Georgescu, said that capital increases in the banking system totaled €468 million in the past year, of which €225 mln in the past six months. Calculations made by Business Standard indicate that lenders could post earnings worth over €185 mln in 2009 from ...
“When the economy was in trouble, the bubble in the banking system burst, and the decline was as fast as the increase. I believe that the best thing for this sector would be sustainable growth, correlated with the economic evolution,” Erhan said. According to the official, in the case of Millennium Bank, the volume of ...
Sources on the financial market said recently that the nine banking groups that signed this commitment – Erste Bank, Raiffeisen International, Eurobank EFG, National Bank of Greece, UniCredit, Société Générale, Alpha Bank, Volksbank, and Piraeus Bank – were given permission by the International Monetary Fund, the European Commission, and the National Bank of Romania (BNR) ...
“Banks prefer lending to the state because, due to the risk, interest rates offered are high, above the inflation rate. At the same time, the state is perceived as having outstanding payment behaviour,” said Radu Limpede, economic analyst. In the event that the next tranche from the International Monetary Fund (IMF) does not enter Romania’s ...
“Repayment fees cannot be eliminated. If the money comes sooner, the bank cannot always place that money immediately, and the client must pay the interest rates to which he has committed. However, I believe that the minimum level of one percent is reasonable,” Radu Graţian Gheţea, President of the Romanian Banking Association (ARB), said. Romania ...
“Compared to the country’s general level of development, both economic and in terms of revenues, the Romanian banking network is too large,” financial advisor Bogdan Baltazar said. Banks expanded their networks by some 3,000 units in the past three years. “The crisis stopped the expansion of networks. Practically speaking, I believe that all banks are ...
More than 70 percent of lenders operating on the Romanian market, that were included in the study, had to provide additional information or clarify the information posted on their Web sites. According to the report, within the EU, Romania is in the middle of a ranking regarding costs related to a bank account. Thus, the ...
“Lenders are trying to find solutions for those who request the rescheduling of their loans. There are also desperate situations, in which rescheduling will probably not be possible. Unfortunately, banks are forced to play God, choosing the winners and losers,” Pascariu said. Lack of confidence in the financial system Regarding the collaterals behind the loans, ...
“The decisions by the National Bank of Romania will have a positive impact, because provision-related expenses will be much lower. These measures will bring the Romanian accounting standards closer to international ones, and the main beneficiary will be the state, as revenues from taxes will increase. However, at the level of the local banking system ...
“A short list of the bids from banks was made, of which we are to choose three lead managers. The Finance Ministry received 23 offers from investment banks interested in brokering the Eurobond issue,” Andrei said. One of the bids came from Deutsche Bank, according to the head of the lender’s local branch, Radu Zaciu. ...
