banks
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25 banks vying to sell Romanian bonds
Almost 30 major international banks are vying for the position of lead managers of the minimum 500 million-euro bond issue that the Economy and Finance Ministry plans to release soon, Sebast...
Banks start sale of mandatory pensions on the wrong foot
The seven banks already involved in the mandatory private pensions market (pillar II) by establishing management companies have collected only 8% of the total number of participation contrac...
Large banks utilise networks for private pensions distribution
The majority of top-ranking banks on the Romanian market have started to utilise their branch networks for the distribution of mandatory private pensions (the 2nd pillar). Some banks broker...
Hard landing could upset banks' expansion plans
Portugal's Millennium BCP is set to conduct the first major greenfield operation on the banking market in the last seven years, as the bank prepares to launch 39 branches. Banks that have en...
Millennium banks on distribution mix to grab market share
Almost two years after losing the race for the acquisition of the biggest banking business in Romania, BCR, Portuguese Millennium Bcp group is now trying to gain a share of the 60 billion-eu...
Banks will have more capital available for loans from January 1
As of January 1, the risks calculated by banks for mortgage credits will drop from 50% to 35%, according to the new Basel II rules. However, four main requirements have to be met - firstly,...
Marfin: The banks' advantage is their customer base
The advantage of banks that have launched mandatory private pensions (the 2nd pillar) is their customer base, which they can have rapid access to, stated Christodoulos Ellinopoulos, general...
Banks increase euro-denominated loan prices
The euro-denominated loan price hike season has started when Volksbank, one of the most aggressive banks when it comes to low interest rate offers, applied a retroactive increase of 1.5%, wi...
75 banks and 135 insurers from Europe to challenge domestic market
The number of foreign banks that want to provide direct services on the Romanian market reached 75 at the end of August, according to the NBR data, while 135 foreign insurers have also voice...