financial results
18 articole · RSS
OTP returns to profit
OTP Bank, the domestic subsidiary of Hungary's biggest financial group, managed to return to profit with a half a million euro income in the first quarter of 2011 after having piled up losses during last year, particularly owing to falling provision expenses.
Garanti: We prefer to grow organically in Romania
Garanti, one of Turkey's biggest financial groups, prefers to pursue a strategy of organic growth in the future in Romania after last year it turned the local branch into a subsidiary licens...
Austria's VIG posts 28m-euro profit because of smaller claims
Vienna Insurance Austrian group, which controls Omniasig, Asirom, BCR Asigurări and BCR Asigurări de Viață companies domestically, last year reported gross income worth 28.5m euros from Roma...
ING sees gross profit up 52% to 128m lei
ING Bank, the local branch of the Dutch group, ended last year with a 128 million-lei gross profit, up 52% against 2009 due to the significant cut in provision costs. "The earnings therefore...
Austria's Volksbank lost 36m euros in Romania last year
Volksbank International, which owns the eighth largest bank in Romania in terms of assets, last year registered net losses of 36m euros from Romanian operations, stated Friedhelm Boschert, t...
Colliers makes 3.9m euros, up 35%, with 30-year old managers
Colliers International, one of the biggest players on the real estate consultancy market, posted a 35% turnover increase in 2010, to around 3.9 million euros, returning to profit with a mana...
Penny Market sees best sales performance of the entire region in Romania
Penny Market, the biggest discount chain in Romania, held by German group Rewe, posted a 4.3% sales rise last year, to over 380 million euros, according to ZF calculations based on data in t...
BCR profit halves to 100m lei according to Romanian Accounting Standards
Banca Comerciala Romana (Romanian Commercial Bank - BCR) last year posted a 100-105 million-lei profit, according to Romanian accounting standards (RAS), less than half the 2009 profit, said...
Rompetrol sees 500m-euro losses in five years
Rompetrol Rafinare (RRC), the main company part of Rompetrol group controlled by Kazakhstan's KazMunaiGaz group, last year reported losses of 669.7m RON (around 159m euros), the biggest in t...