banking sector
10 articole · RSS
Provisions for eight big projects led OTP to 23m-euro losses
OTP Bank, the local subsidiary of the biggest Hungarian financial group, ended last year with a 23.2 million-euro loss, six times higher than in 2009, after setting up nearly 58 million euros in provisions to cover potential losses from non-recovery of loans.
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...
3.7 billion euros in overdue loans at the end of September
Individuals and companies had 15.7 billion RON (equivalent to 3.7 billion euros) in past due instalments, with the pace of overdue loans rising against preceding months amid growing problems...
Card market suddenly slows down, Romania still the region's laggard
After annual two-digit increases between 2003 and 2008, the Romanian card market has suddenly slowed down over the past two years on the crisis.
Deputies postpone debate on Ordinance 50 again, this time for lack of quorum
The debate over Ordinance 50/2010, which introduces a transparent method of calculating loan interest rates and limits the early repayment fee, which featured on Tuesday's agenda of the Budg...
Why loans are expensive: banks are inefficient and lack the appetite to lend
When banks need to include a 4% margin in the cost of a loan only to cover administrative charges, from employees' salaries to rents for offices and suppliers, the lack of efficiency is obvi...
Dănilă, NBR: Bankrupting customers is not how you plug losses
Banks need to urgently resume lending in order to support the economy, while losses in the banking sector cannot be plugged by driving customers to bankruptcy, believes Nicolae Dănilă, a mem...
Source of uncertainties in Raiffeisen's 2011 budget
The possible emergence of a second wave of bad loans, contracted by public sector workers, is the main uncertainty factor marking the building up of Raiffeisen Bank's 2011 budget, says Bogda...
First Competition Council investigation on banking market leads to 8 million-euro fines
The first investigation conducted by the Competition Council in the banking sector, launched as a result of suspicions about a potential manipulation of the interests on the money market dur...