Provisions
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Provisions slow down: monthly growth, no higher than half a billion lei
The monthly growth pace of provisions started to slow down from the fourth quarter of 2010, and February brought bankers a new breath of fresh air.
Raiffeisen sees higher profit amid halved provisions
Raiffeisen Bank, the third largest domestic bank in terms of assets, last year gained 83m euros in line with IFRS, while in line with Romanian accounting standards the profit reached 64m eur...
Provisions bite into Banca Românească profit
National Bank of Greece financial group, the majority shareholder in Banca Românească, reported 12m-euro profit for Romanian operations in 2010, down 37% from the 2009 profit.
Large banks see because of provisions
Individuals' overdue loan payments have started climbing again, as Government's austerity measures are coming into effect, and high provision expenses come to eat up large banks' entire oper...
Provisions bring UniCredit profit down to 36m euros
UniCredit Țiriac, a top ten bank on the market, registered net income worth 148m RON (36m euros) in the first six months, down more than 18% from a year ago amid rising bad loan provision ch...
Lower provisions help Raiffeisen double profit to 37m euros
Raiffeisen Bank, a top ten bank controlled by Austrian group Raiffeisen International, posted a 37 million-euro net profit in the first quarter, 117% higher than in the similar period of 200...
Loan-loss provisions up 5% in March alone
Provisions set up by bankers to cover losses from bad loans climbed by 4.7% in March to a new high of almost 17 billion RON (4.1 billion euros), as loan portfolios continued to deteriorate,...
BCR's profit shows first signs of stabilising
Provisions set up to cover losses from non-payment of loans continued to bite into the earnings of BCR, the biggest financial group on the Romanian market, but their impact fell to 110 milli...
Bad start of 2010 for bankers: provisions up 234 million euros
Bankers had to set aside 964 million RON (some 234 million euros) as provisions in January alone, given that the number of troubled loans continued to rise fast as more and more clients foun...