banks
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Banks achieve better cost control in H1
The banking system succeeded in improving cost management over the last year, so the share of costs in overall revenues fell by over 6 percentage points, from 62.73% in the first half of 200...
Altex's Ostahie ventures on banks' turf with personal loan product
Dan Ostahie, the majority shareholder of electrical and IT retailer Altex, plans to consolidate the company's position on the non-bank financial sector through Credex by launching a "Persona...
PwC: Interest rate rise is biggest risk to Romanian banks
The rise in interest rates is the highest risk posed to the Romanian banking industry, given that the turmoil on the financial markets has completely altered the risk scenario, according to...
Negritoiu, ING: Banks are weakening the Stock Exchange
Banks dominate the financial market, distort it, and have a major contribution to the state of the Stock Exchange by weakening it through the pressure they exert on costs of corporate fundin...
CSA directors have over 1m euros in savings in banks
The members of Board of Directors of the Insurance Supervision Commission (CSA) have bank deposits both in Romania and abroad that equal 1 million euros, according to the fortune statements...
Three foreign banks capitalise branches with 180m euros
Three second tier banks - Banca Romaneasca, Credit Europe Bank and Millennium Bank, received capital injections from their shareholders in the first half of the year that equalled 180 millio...
Aggressive battle for retail puts Piraeus among top ten banks
The Greeks at Piraeus Bank have become one of the top ten banks on the market in terms of assets, with 4.1% share of the market, while ING Bank slipped out of the top ten, reveals a ranking...
Romanians' overdue payments to banks are worth 190m euros
The population's overdue payments for bank credits accelerated in April, and reached 690.6 million RON (almost 190 million euros), with the highest share being accounted for by credits taken...
Romanians are more indebted to banks than Americans
With bank instalments to repay that amount to 16% of their incomes, Romanians are more indebted than customers on mature markets in Western Europe and even Americans. "The debt service, whic...