banks
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Only three Romanian privately held banks left
The year 2006 witnessed the biggest number of transactions in the recent history of the banking system, most of which concerning small banks. Top of the list, however, was the completion of...
"Package deals" gain ground in banks' offers
"Package deals" are becoming available in banks' offers more often, a method that allows for products and services, for which demand is still low, to be sold more effectively. In the past, b...
Provident cannot comprehend local banks' long-term approach
The main difference between the Romanian market and the other EU countries is the former's orientation toward long-term lending, believes Stephen Rice, general manager with UK's Provident Fi...
Banks push sales of credit cards
Over one million credit cards issued by commercial banks are currently circulating on the market, as well as a significant number of similar products issued by non-banking financial institut...
Woman cumulates overdue loan payments to 13 banks
A woman has overdue payments to no less than 13 commercial banks after taking out a long series of credits throughout 2005 and 2006. The first overdue payments appeared at the end of last ye...
Arctic banks on exports to boost turnover
Arctic Gaesti, the largest domestic home appliance manufacturer, derived turnover worth 194 million euros last year, up 30% compared with 2005. The 60% rise in exports, to 741,000 units, was...
Banks, drugstores and casinos, the main street retail space tenants
The aggressive expansion policy started by banks, drugstore chains and casinos has had strong effects on the market of street retail spaces, as they attempt to take hold of the best location...
Banks adjust interest rates in small steps
SanPaolo IMI Bank announced at the beginning of this week that it had operated modifications to interest rates of clientse deposits in RON. The bank pays interests of 6% to 7% a year for the...
Pambac banks on sales worth 49m euros
Pambac Bacau, one of the main producers in the milling and bakery industry recorded a turnover worth 41 million euros last year, up 32% against results reported in 2005, and a net profit of...