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Banks do not work with the public on December 25 and 26 and on January 1 and 2, except for units in shopping centres

banci program

Commercial banks do not work with the public on December 25 and 26 and January 1 and 2, except for units in shopping malls and hypermarkets that have special programme during this period. On Christmas Eve and New Year’s Eve ...

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JC Flowers – Piraeus Bank Romania deal failed. Banca Carpatica purchase is questioned

piraeus_bank_deal

Greeks of Piraeus Bank rejected the takeover bid of the subsidiary in Bucharest by US fund JC Flowers, profit.ro informs. Now, the American investor is considering whether will complete the acquisition of Banca Comerciala Carpatica. Initially, the two sides, JC ...

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EBRD: EUR 15 M loan for Sibiu to improve urban infrastructure

sib

For the continuing transformation of Romanian town of Sibiu, the European Bank for Reconstruction and Development (EBRD) granted it a new long-term loan of RON 67.5 million (EUR 15 million equivalent) to further develop urban infrastructure. According to a press release, ...

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Six Romanians, on the list of Swiss inactive bank accounts in the last 60 years

hot-to-bank2

Six Romanians are registered as having inactive bank accounts in Switzerland in the past 60 years, according to a list published by the Swiss Bankers Association on a website especially set up for informing potential heirs. The list includes over ...

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US investment fund, interested in taking over Marfin Bank Romania, sources say

marfin

After announcing its intention to take over Banca Comerciala Carpatica and Piraeus Bank Romania, transaction nearing completion, the American investment firm JC Flowers would intend to buy Marfin Bank too, media sources say. It is likely that the third Greek ...

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Net profit up by 8 pc for Garanti Group Romania at end-September

garanti_

The subsidiary of Turkish Garanti Group in Romania ended the first nine months of this year with total net profit of RON 98.5 million, up by 8 percent as compared to the same period in 2014, a press release informs. ...

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President Iohannis allegedly intends to return to Parliament the law on debt to equity swap and to suggest capping payments to EUR 250,000

iohannis  loan

President Klaus Iohannis is considering sending back to Parliament the law on debt to equity swap and would unofficially suggest a capping of the mortgage loans to some EUR 250,000, political sources told profit.ro. The Chamber of Deputies adopted by ...

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European Commission requests Romania, other 9 Member States to implement EU rules on Deposit Guarantee Schemes

eu presidency

The European Commission has formally requested Belgium, Cyprus, Estonia, Greece, Italy, Luxembourg, Poland, Romania, Slovenia and Sweden to fully implement the Deposit Guarantee Schemes Directive (DGSD), the EC website informs. The European Commission has formally requested Belgium, Cyprus, Estonia, Greece, ...

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OTP Bank Romania develops conversion program for its clients with CHF loans. 10,500 persons to benefit from this solution

otp-bank

The subsidiary of Hungarian OTP Bank in Romania launches a customized long term solution dedicated to bank’s clients with loans in CHF. According to a press release, the program is addressed to all 10,500 clients with mortgage backed CHF loans ...

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