Darian to gain more from evaluation business after Basel II

Darian, a company specialising in evaluation services, in the first six months of the year posted a 250% increase in turnover, to 3.5 million RON (1 million euros) against the 1.4 million RON registered in the similar period of last year. “As a matter of fact, in the first seven months of the year, we managed to match last year’s turnover,” specified Adrian Crivii, general manager of Darian. Both the Romanian real estate and accounting evaluation markets have seen significant growth of late, as a result of switching to Basel II banking regulations, which forbid banks to conduct in-house evaluations of their clients and of the strong rise of the crediting market. In the first six months of the year, the company derived 6 billion euros from evaluation, with the top ten clients in terms of value totalling 1.2 billion euros. They include Terapia, LukOil and RADET. Some 60% of Darian’s total business was generated by real estate evaluation, against 50% in the same period of last year, with the remaining 40% representing the companies’ accounting evaluation.