banks
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Generali relies on banks and brokers
Generali insurance company will pursue consolidation on the Romanian market through strengthening its sales force, as well as thorough tighter co-operation with the banks and the leading int...
New law forces banks to find other ways for consolidation
The banks operating in the Romanian system will be disbursing increasingly lower dividends to their shareholders in the future, as most of the net income will be used to consolidate their eq...
Commercial banks find loophole in new National Bank regulations
The National Bank of Romania (NBR) is doing its best to block a loophole found by banks, which are now going around the restrictions imposed by the central bank on granting home loans. More...
Clock ticking for small banks
The stockholders of banks with small market shares (less than 1%) have little time left to make some money from selling their stakes. As the European Union accession date gets closer, the le...
Mounting trade deficit melts away National Bank's forex reserves
The National Bank of Romania (NBR) has lost in the last three months everything it had managed to add to its foreign reserve last year, but the money was spent to prevent the ROL from losing...
Romanian banks revising lending offers
The new norms setting the minimal consumer lending conditions issued by the National Bank of Romania last fall and enforcing today seem to have made little difference to those actually plann...
Interest rates calculated by Romanian banks stir controversy
When someone applies for a loan, the banks often present only the interest rates and a list including the value of all the monthly instalments to the last penny. Perhaps no one ever wonders...
Banks vying to supply 56m euros to CFR
Eight banks have submitted financing bids for importing 21 Desiro self-propelled trains from Germany, trains known as the "Blue Arrow" in Romania and worth approximately 56.5 million euros,...
Banks looking for long-term sources of cash
The decline in savings kept in banks month by month and especially the reluctance towards long maturities are now forcing banks to find other sources of long-term cash. The solution seems to...