Romanian banks
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UniCredit to resume network expansion as the economy recovers
UniCredit wants to gain market share on the Romanian retail market, and is set to focus on opening branches, as well as on developing distribution through alternative channels, says Gianni P...
Citi speeds up investment pace in Romania
US Citi, with operations in Romania for over 15 years, is stepping up investments to the tune of tens of million euros annually to cement retail operations, launched broadly as late as the a...
Bankers late with adjustment of loan application processing fees
Banks continue to charge loan application processing fees calculated as a percentage of the value of the loan, although the law on loans to consumers in force since the end of last year requ...
Banks need to contribute more to Deposit Guarantee Fund
Funding the Banking Deposit Guarantee Fund (FGDB) on the basis of stand-by agreements with lending institutions has been dropped at the beginning of this year, and banks' annual contribution...
Banks start foreclosures: a thousand properties auctioned off in January
Banks are looking to sell over a thousand homes, apartments and plots in the first month of this year, as well as foreclosed retail and industrial spaces as a result of owners defaulting on...
Lending growth still weak, clients more sheltered from abuse
A new start for the banking market: though not much has been left from Ordinance 50 on old retail loans, the kind of abuse against clients registered so far will no longer be possible. The p...
How the balance was tipped in the battle to make retail loans more transparent
The battle for the application of Ordinance 50, which emerged in June and targeted making the granting of loans to the consumers more transparent, has one more episode left: the Chamber of D...
Compromise for Ordinance 50: early payment fee dropped for old loans, costs unchanged
Bankers have managed to modify Ordinance 50 according to their own will, so that the form under which this will submitted to the Chamber of Deputies, after almost six months of debate, will...
Overdue loan growth slows down to one fifth of previous growth rate in October
The growth of late instalments slowed down abruptly in October, with their value climbing by just 237 million RON last month, five times less than in September and August.