banking system
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How alarming banking system losses really are
Sometimes in the black, other times in the red, this has been the trend of the banking system over the past two years, judging by Romanian accounting standards. From 20 banks that ended 2009 in the red, the number rose to 22 in 2010.
Banks, 304m RON overall losses last year
The banking system ended last year, for the first time since 1999, with a net loss of 304m RON (72m euros), against a net cumulated gain of 815m RON in 2009, in the context where 20 banks re...
Why did the state have to intervene on banking market?
The banking system after the disputes over the enforcement of Ordinance 50, which are not over yet, is left with a stain on its image of a highly professional industry, where competition can...
Romanians are banks’ net lenders again
After more than a year of crisis, Romanians have become net lenders of the banking system again, with deposits accounting for almost 101 billion RON (24 billion euros) at the end of April, w...
Banks take more money from the population than they lend
The population in the first quarter again became a net creditor of the banking system, in the context where deposits have constantly increased in the past year, fuelled by stringent caution...
Moody's has a negative outlook on the Romanian banking system
Moody's outlook on the Romanian banking system is negative, as the rating agency expects that the rise of financing costs and of non-performing loans to continue to weigh on banks' medium-te...
UniCredit Tiriac, 43m-euro net income in H1
UniCredit Tiriac Bank, a top ten player in the banking system, ended H1 with net income worth 43m euros in line with international financial reporting standards, down around 5m euros from th...
Raiffeisen makes a 52.6m-euro profit in H1
Raiffeisen Bank, one of the largest players in the Romanian banking system, ended the first half of the year with a 52.6 million-euro net profit, calculated in line with international standa...
Austria takes a concerned look at Romanian banking system, as a result of worsening loan portfolios
The Eastern European money-searching tour of Austrian Finance minister Josef Proll has been labelled a failure according to the Austrian press.