banks
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Investment banks trade Romanian shares on parallel markets
Foreign investment banks have started to offer their customers the possibility of trading Romanian shares on their own markets, in parallel with the market operated by the Bucharest Stock Ex...
Banks pay 10% a year for term deposits in RON
Small players in the banking system, such as Bank Leumi and ProCredit, increased the interest rates paid for term deposits in RON to 10% a year, in order to attract more funds from clients....
Banks revert to two-digit interests to boost savings
The hunger for RON is persuading more and more banks to offer 10% interest rates on RON deposits, as well as monetary rewards to clients that save over the coming months. BRD, the second-lar...
EOS KSI: Increasingly more clients have debts with two or more banks
The average value of overdue payments for bank credits has climbed to 700 euros, with increasingly more clients having overdue payments at two or more banks, according to George Kovacs, gene...
WB: Romanian banks charge relatively high fees for basic services
CEE banks prefer to rely on fees levied for account management and cash operations, while tariff gaps between players are quite wide. Romanian banks are relying on fees for account managemen...
Banks alarmed by fake salary certificates
Credit institutions are looking for ways to verify documents that attest individuals are salaried and have declared their incomes. Alarmed by the amount of loan applications based on fake sa...
Greek banks, a quarter of banking system loans
The seven financial groups present on the Romanian market last December held an overall loan volume worth above 10bn euros, that is a quarter of the total non-governmental loan volume, which...
Bogza: Foreign banks have a competitive edge
The restrictions imposed on commercial banks by the NBR are a disadvantage in the face of increasingly bitter competition from Non-Bank Financial Institutions and from foreign banks, which a...
Interagro banks on biofuel plants
Interagro has decided to cultivate more maize than sunflower, planning to get to 17,000 hectares cultivated with maize in 2009. Interagro, owned by Ioan Niculae, will focus on investments in...