banks
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Banks boost Asiban's turnover
One of the few Romanian-held top insurers in Romania, Asiban, has tripled the amount of gross premiums collected in the first nine months of this year from 336bn ROL to 1,031bn ROL. The grow...
Banks need to get long-term funding
The banks will have to find new financing sources, and bond issues on the capital market could be one solution, as the lending growth will make it hard to secure long-term sources, the Natio...
Banks in fierce battle over energy financing
Big banks operating on the Romanian market, such as ING Bank, Citibank, ABN Amro or Alpha Bank, are vying for granting loans to the state-owned power companies, which have to get hundreds of...
Farming sector potential not enough for banks
The banks see agriculture as a high-risk sector compared to other fields they direct their cash to, which is actually the main reason why little financing actually reaches the sector, a surv...
Banks raise rates
The rates paid by banks for ROL deposits have gone back up to their early year levels, namely 14-15% annually for one-month maturity for instance, as most of the banking institutions have be...
Banks, companies, eager to boost credit card market
Even though the consumer credit boom in the last twelve months has yet to induce a similar trend on the credit card market, the Romanian banks, either on their own or working in concert, are...
Banks gain ground among brokers
Bank-held brokerage firms are becoming increasingly important on the market, so that three quarters through this year, no less than six of the top ten such companies are controlled by banks...
Exchequer wants banks to check clients' accounts
The Exchequer relies on substantial support from banks for collecting its debts from the taxpayers failing to pay their obligations to the budget, as of next year. The Fiscal procedure code...
Three banks for Termoelectrica's loan
The consortium comprising Bank Austria Creditanstalt, ABN Amro Bank Romania and Alpha Bank Romania will broker two syndicated loans contracted from the international market for Electrocentra...