BT maintained itself on profit in 2014 too – RON 448 M. Results fall into recent quarters evolution


At the end of 2014, Banca Transilvania’s total assets reached RON 35,645 million. The bank registered last year a net profit of RON 448.1 million, a 19.5 percent increase comparing to the previous year, with a loan portfolio balance 5.3 ...

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Romania’s NPL can be sold for EUR 6.5 bn this year, PwC shows


Sale of non-performing loans (NPL) of the Romanian units of Erste Group Bank AG and the Austrian Volksbank AG in 2014 seem to be a good move. PricewaterhouseCoopers LLP (PwC) appreciates in a recent report, that, inspired by the asset good quality ...

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Bankers: Individual insolvency law, a necessity, but to good faith borrowers


Personal insolvency law has become a necessity due to changes occurred in the economic, financial, social and political environment in Romania during recent years. „It’s important the legislative act to be applicable and accessible to good faith debtors and to ...

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Banks recorded EUR 1 bn losses in 2014, BNR official says

florin-georgescu deposits

Banks totalled in four of the last six years cumulative losses of RON 8 billion, while in two years registered benefits of RON 0.9 billion, thus a net loss of RON 7.1 billion, announced the first deputy central bank governor ...

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Raiffeisen Bank International to strengthen its presence in Romania, CEO says


Raiffeisen Bank International intends to strengthen its position in Central and Eastern Europe and will expand its operations on the markets of Romania, Austria, Slovakia, Czech Republic and the Balkans, said on Tuesday Karl Sevelda, general manager of the Austrian ...

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Is?rescu: Nobody can require us, out of empathy with debtors in CHF, to grossly violate the law


The National Bank of Romania is not authorized by law to intervene in contractual relations between customers and credit institutions, nor to supervise each credit, the mandate of the central bank being prudential supervision of crediting institutions, said on Monday ...

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BNR Governor: Volksbank, a bank with problems. Their solution was to sell by discount


Volksbank Romania was a troubled institution, from management to risk, with strong involvement in loans denominated in foreign currencies, and the shareholders solution was to sell the bank by accepting a discount to ” recover something,” said BNR Governor Mugur ...

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