banks
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Citibank: We are not making superficial moves, we are pursuing a retail growth strategy
The Americans at Citibank have decided to gain visibility in big cities, with the intensive street advertising from the northern area of Bucharest and up to Piața Unirii square being more th...
Investment funds and banks prepare Bourse revolution
Support coming from foreign investment funds, among the biggest shareholders in the Bucharest Stock Exchange (BSE), is likely to make some shareholders' old wishes come true: the distributio...
Banks granted 100m euros to local authorities in Q1
Bankers granted around 100 million euros in funding to town halls and to county councils in the first three months of 2011, nearly six times more than in the corresponding period of last yea...
Raiffeisen sold 33m euros' worth of loans to two special vehicles in 2010
Raiffeisen, which last year regained its third position among top banks in terms of assets, in 2010 continued to sell retail and corporate loans from its balance sheet, both to secure a cash...
Old reflexes no longer work in the "new world", OTP boss says
Finding new clients that should qualify for taking out loans is a highly challenging task in the post-crisis world, and banks should undergo structural changes to grapple with the new challe...
NBR is releasing one billion euros to banks. What will they do with the money?
The surprise decision of the National Bank of Romania to cut the minimum foreign reserve requirements ratio on foreign currency-denominated liabilities from 25% to 20%, thereby releasing ove...
BCR posts 13 million euro net profit by Romanian standards in 2010
BCR, the biggest bank on the market posted 55.4 million lei (about 13 million euro) net profit in 2010, down by almost 77% compared with 2009, by Romanian accounting standards (RAS), which r...
Raiffeisen sees higher profit amid halved provisions
Raiffeisen Bank, the third largest domestic bank in terms of assets, last year gained 83m euros in line with IFRS, while in line with Romanian accounting standards the profit reached 64m eur...
Carpatica expects to make profit after streamlining
Carpatica, a small bank controlled by Sibiu businessman Ilie Carabulea, is getting ready to return to profit after having undergone a tough restructuring last year, says Nicolae Surdu, gener...