assets
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US Harvard university, biggest forest owner in Romania
An investment fund (Phemus Corporation) registered at the same address as Harvard Management Company, an entity part of the prestigious US university Harvard that manages 27bn dollars' worth of assets, is the majority shareholder in the biggest forest owner in...
Garanti overshoots 1bn-euro asset mark
Turkey's GE Garanti Bank has boosted its assets seven times in the past three years, since it embraced a retail growth strategy, reaching 1.2bn euros in September.
How does Petrom gain four times more than last year if it produces and sells less?
Petrom, Romania’s only oil and gas producer, in the first six months of this year generated income worth 1.5bn RON (366.8m euros), more than four times bigger than a year ago and almost do...
NBR bosses' fortunes worth more than 17m euros
The nine members of NBR's Board of Directors hold cumulated financial assets (savings with banks and investments in stock or bonds) worth above 17m euros.
Many banks with less than 1% market share remain in the red
The portfolios of small banks, with market shares of less than 1% of the market's overall balance sheet assets, continued to see a fast deterioration in the first quarter of this year, so th...
Top fund managers barely make several million-RON profits despite 2.5bn RON assets
The biggest mutual fund manager, Erste Asset Management, with assets worth 1.5bn RON in its portfolio, ended last year with 0.2m RON profit, while the second ranking one, Raiffeisen Asset Ma...
Top banking profits in 2009
The 2009 recession not only meant 20 banks out of a total of 42 slipped into the red, but also that top profit makers included players with a less than 3% market share in terms of assets, as...
Austria's Bank Gutmann seeks 50 wealthy Romanians to manage their assets
Austria's Bank Gutmann, a bank specialising in private banking services, plans to attract 50-100 clients to manage their assets in the first year after opening its Bucharest office.
Copos: I went back to 2003 and the value of my assets has halved
George Copos, owner of seven hotels with 1,000 rooms across Romania, says that although he has not had an official valuation of the assets he owns performed, he believes all of them dropped...