banks
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Four banks have exposure to PIC's insolvency
PIC, the Arges-based group held by brothers Ilie and Cornel Penescu, the fifth Romanian retailer that filed for insolvency on its own this year, has loans worth around 30 million euros taken...
NBR makes unscheduled inspections in banks
The National Bank of Romania (NBR) is inspecting banks, turning up even on unscheduled “visits”, says Nicolae Cinteza, head of the NBR's Supervision Department. He says if any irregularities...
Ten banks to join SME loan amnesty project
Ten Romanian banks are interested in joining the loan amnesty programme for small and medium-sized enterprises (SMEs), which will enable companies to temporarily suspend paying their instalm...
CEC and Eximbank boast two-digit growth on a market without competition
CEC Bank and Eximbank, the two banks that the government early this year announced it wanted to use to give a boost to private sector lending, are unable to use the funds they have available...
Asmita shareholder: The banks are helping us, but charging higher margins
Representatives of ECDC investment fund, which holds half of the Asmita Gardens real estate project in Bucharest, say banks in Romania and Bulgaria have been cooperative when it comes to res...
Banks control over 60% of leasing market
The leasing subsidiaries of banks controlled 61% of the leasing market at the end of the first half, with financing granted standing at 474,000 euros, according to the data of the Associatio...
Investment bankers: There are no bankruptcies as they would generate big losses for banks
Investment bankers believe the bankruptcy of unprofitable companies would be an economic rebound prerequisite, but that for the time being there have been no high-profile bankruptcies on the...
Marsh: Three banks swindled out of more than 1m euros by employees
Marsh, the largest corporate insurance broker on the Romanian market, recorded three claims settlements worth over 1 million euros.
Banks start to sell homes of clients with overdue loans
Hundreds of homes and plots, whose value starts from 5,000 euros and can reach hundreds of thousands or even millions of euros, are put up for sale by banks in an attempt to recover clients'...