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Piraeus raises interest on RON deposits to 10.5% a year
Piraeus Bank, a medium-sized player on the retail segment now offers an annual interest rate of 10.5% for three-month deposits. The bank, however, requires that such deposits be new, as the...
Non-performing loans up to 3% of BCR's retail portfolio
As a result of the default risk for unsecured consumer loans being no longer insured and the revision of client segments, non-performing loans in BCR's retail portfolio have doubled from 1.5...
ATE Bank expands onto retail to double profit
Greek-based ATE Bank (Greek's Agricultural Bank), which entered the market almost two years ago, believes individual clients will act as the main growth driver for local branches, and plans...
Raiffeisen's net profit climbs 78%, to 94m euros
Raiffeisen Bank, the third largest player in the system in terms of value of assets, posted a net profit worth 314.5 million RON (equivalent to 94.2 million euros) last year, up 68% in RON a...
Agricover heads to sales worth 100m euros
The Agricover Group, a provider of agricultural solutions, targets a 360 million RON (approximately 100 million-euro) turnover in 2008, an increase of more than 52% on last year, as a result...
Mengotti to sell over 3m euros in luxury products
Italian Mengotti, which has already opened a multibrand luxury store on Calea Victoriei in Bucharest, will supply its store with more than 6,500 products whose value is expected to exceed 1....
Higher interests unable to persuade clients to save more
The increase in deposits made by individual clients both in RON and in foreign currencies continued to slow down in February, and reached one of the lowest levels of the past year. Deposits...
Winmarkt deal takes Siminel's exits to 0.5 billion euros
Businessman Siminel Andrei, chairman of NCH Advisors, a company that manages the local operations of investment fund Broadhurst has decided to sell the Winmarkt network in Romania to Italian...
Bucharest needs 1bn-euro investments to stay out of the dark
Bucharest needs investments worth one billion-euros in electricity networks over the coming years in order to cope with rising consumption. The development of the real estate sector, along w...