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NPL ratio fell to 8.32 pc in June

NPL

The rate of non-performing loans (NPL) declined by 0.72 percentage points to 8.32 percent in June compared to the previous month, according to data published by the National Bank of Romania (BNR). Compared to May 2016, it fell by 2.98 ...

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’The Landmark’ office project, under Colliers International management

The Landmark

The real estate consultancy company Colliers International was assigned by Piraeus Bank to offer property management services for ’The Landmark’ office project, located in Bucharest central area. According to a press release, with this new project, the Colliers International team ...

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Garanti Bank, increasing Bonus Card transactions volumes in the past 10 years

Bonus Card in Romania

Garanti Bank has registered increasing volumes of Bonus Card transactions, year on year, since the launch of Bonus Card in Romania 10 years ago, a press release informs. As such, the transactions volume with Bonus Card exceeded RON 440 million ...

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Urgent Cargus takes a syndicated loan of RON 134 M from BCR, OTP

urgent-cargus

Urgent Cargus courier company, controlled by Abris Capital Partners investment fund, received a syndicated credit of RON 134 million (EUR 29.3 million) from the Romanian Commercial Bank (BCR) and the Romanian subsidiary of Hungarian bank OTP Bank, the financial institutions ...

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Varde US investment fund bids aggressively for Bancpost, sources say

varde

Varde Partners, an US alternative-investment firm that manages more than USD 12 billion in assets, wants to enter the Romanian banking market and bid extremely aggressively for the acquisition of Bancpost, zf.ro informs, quoting sources. Financial offers for Bancpost had ...

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ING Bank, gross profit up by 45 pc, growing market share

ING Bank

At the end of mid-2017, ING’s profit before tax reached RON 303 million, 9 percent lower if compared to 2016 due to Visa exceptional gains, but 45 percent higher based on bank’s activity, as a press release informs. The strong ...

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