branches
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BCR network reaches 600 branches
The territorial network of BCR - the largest Romanian bank in terms of assets, has reached 600 branches, after Bucharest's 111th branch opened yesterday.
BCR freezes collateral-free consumer loans in several branches
Several branches of BCR, the largest bank on the market in terms of assets, have ceased to release collateral-free consumer loans to new customers in the wake of a "partially higher-than-exp...
Farmexpert to merge branches and use hedging as protection to foreign exchange risk
Pharmaceuticals distributor Farmexpert, one of the main players in its industry, has secured part of its cash flow this year by using bank hedging, with the value of the contracts to stand a...
Three foreign banks capitalise branches with 180m euros
Three second tier banks - Banca Romaneasca, Credit Europe Bank and Millennium Bank, received capital injections from their shareholders in the first half of the year that equalled 180 millio...
Marfin rebrands local branches
Egnatia Bank and leasing company Egnatia Leasing, the local subsidiaries of the Greek financial group Marfin, will take on the identity of their shareholder. The NBR (Romanian central bank)...
Chimopar branches into sanitary products and PET recycling
Chemicals producer Chimopar Bucuresti will establish two companies that specialise in manufacturing paper-based sanitary products and in PET container recycling. The investments required exc...
OTP halts consumer loans in 14 branches because of bad payers
OTP Bank, a medium-sized player on the market, has stopped granting unsecured consumer loans in 14 branches, because, overall, the number of problems with loans was alarming, according to La...
NBG to rebrand branches under one name
Banca Romaneasca and all the domestic subsidiaries of NBG (National Bank of Greece) group will be rebranded in the following months, to have a common identity. NBG, a major player in Greece...
Banks reach their clients through 5,175 branches
The number of branches in the banking system exceeded 5,175 in September, an almost 18% increase against the same time last year. Banks saw a significant increase in territorial expansion in...