Romanian banks
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Isărescu: Decision to take on debt was a democratic one
Governor Mugur Isărescu admits that the enormous private debt was what prompted the state to seek assistance from the European Union and the International Monetary Fund, but believes the dec...
Non-governmental lending down by one billion euros in October
The volume of non-governmental lending fell by over one billion RON in October, to 206.8 billion RON, after it had been revived in the summer months amid the faster rise of foreign-currency...
Big banks don't give branches up, average salary stays the same
Busy assimilating Ordinance 50 on credit contracts, banks went through the third quarter of the year without any major cost cutting moves - personnel restructuring and/or network restructuri...
Banks want the international version of IFRS
Radu Ghețea, chairman of the Romanian Banking Association, says the banking sector wants the international financial reporting system to be applied in its "international" form, not in a "Rom...
BCR puts pressure on market of deposit interest rates
BCR, the biggest bank on the Romanian market, started the fight over client resources with Greek banks and with lending institutions with Romanian shareholders, paying 8% a year on three-mon...
Credit demand stagnating, says head of Credit Bureau
Credit sales to individuals have not seen a noticeable decline after the tough adjustment measures implemented by the Government in the summer, but this only means they are stagnating at the...
Bankers about "First Home" scheme: sales have slowed down, but the scheme has to go on
The "First Home" scheme remains bankers' hope to sell mortgage loans, but the state has not given any indication yet as to whether it will give guarantees in 2011, as well, or not.
Bank clients total 3.45 billion euros in overdue loans
Consumers and companies totalled almost 14.7 billion RON (3.45 billion euros) in overdue loans by the end of September, which accounted for 6.3% of the total amounts due to banks, NBR data r...
Why BCR's profit fell to 6m RON in Q3
BCR's profit will remain under pressure in the fourth quarter of the year, although the treasury is expected to perform better than in the third quarter, mainly because of the decline in rev...