Provisions
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Record loss of 5.9m euros at Banca Carpatica in Q4
Banca Comerciala Carpatica (BCC) ended 2009 with 19.36 million RON (4.5 million euros) as a result of loan-loss provisions.
Provisions hardly cover the pace of bad loans
Banks in July set up provisions worth almost 764m RON (182m euros) to cover the potential losses generated by loan portfolio deterioration, but the degree of coverage for loans overdue by mo...
Toader, KPMG: Rise in provisions to over 10-15% of loans threatens banks' solvency
The rise in overdue loans could prompt banks to set up higher provisions in the second half of the year with prudence in mind, but if provisions rise beyond a certain level, they can hurt ba...
OTP boasts 4.58m-euro profit
OTP Bank, the Romanian branch of the largest Hungarian financial group, stepped into the black in the second quarter of the year, posting 4.58 million euros in net profit, after no longer se...
Banca Transilvania’s profit down six times on pressure from provisions
Banca Transilvania, the only high ranking bank with Romanian capital, posted slightly over 10 million RON (2.4 million euros) in net profit in the second quarter of this year, around six tim...
Falling provisions drive banking system back into the black
The slight drop in provisions for bad loans allowed banks to end the first half with a modest income of 90m RON, but the rising unemployment rate outlook, meaning more people will be unable...
Afin Leasing: We continue raising provisions
The company expects the number of vehicles repossessed from customers having trouble paying instalments to double compared with last year, which will lead to rising provisions.
Provisions eat large chunk of Uzinexport's profit
Romanian trader Uzinexport logged preliminary net profit of 20bn ROL ($600,000) in 2003, over ten times lower than the 256.24bn ROL in the previous year. Due to its interests in an increasin...
SIF Moldova getting ready for provisions
SIF Moldova may lose approximately 130bn ROL of its profit by the end of the year, i.e. half the six-month earnings, which might impact on the dividends distributed to its nearly 9 million s...