banks
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Lazea: Banks are against RON decline in principle, but traders are trained to gain
Banks are in principle against the depreciation of the domestic currency, but traders are trained to gain from forex market operations, stated Valentin Lazea, the chief-economist of the Nati...
Record profit for banks in 2008: over 1.27 billion euros
Net profit in the Romanian banking system exceeded one billion euros in 2008, reaching a record high of over 1.27 billion euros, following an approximately 67% growth compared with 2007, acc...
Borrowing fever: 1.5 million Romanians owe money to two banks
In their rush to borrow money, five Romanians ended up having to repay loans taken from no less than 17 banks, according to data released by the Credit Bureau at the end of 2008.
Big companies pay 100m euros per year for space in Bucharest's top office buildings
The largest banks, pharmaceutical players, IT firms, telecommunication and consultancy companies pay annual rents of around 100 million euros for space in one of the leading 15 office projec...
Several retailers, banks and a casino are still hiring despite the crisis
Retailers Kaufland and Carrefour, Banca Romaneasca, Whiteland distributor and Riviera Casino are hiring hundreds of people despite the economic crisis, saying this is the best time to do it...
Banks expect as much as 4.7 RON/euro
Romanian banks expect peaks as high as 4.5-4.7 RON/euro in autumn, after the official exchange rate hit a new all-time high on Tuesday, at 4.29 RON
Banks' ranking by share capital
A ranking of banks by share capital, recently put together by the National Bank, paints a surprising picture of the banking system, completely different from traditional hierarchies, based o...
Banks cancel cards at a faster rate than they issue them
The number of active bank cards was slightly down in the third quarter of the year, to 10.85 million units, after jumping 34% in the second quarter.
Banks prepare harsher lending conditions
Bankers have taken notice of the price decline on the real estate market and are expecting the trend to continue at least by yearend, so they are preparing harsher lending requirements, reve...