BANKS

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 ...

Finance Minister Darius Vâlcov said the ministry is working with commercial banks which have granted loans in Swiss francs in view of a new solution for the debtors with problems caused by the strong appreciation of the Swiss currency. “We ...

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 ...

Viorel Hrebenciuc is one of the Swiss branch of HSBC bank customers, where Romanians have accounts amounting to more than USD 1.3 billion. He shared the account with businessman Robert Deutsch, key figure in the Megapower deal, following which the ...

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 ...

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 ...

Deutsche Bank, through its technology center in Bucharest, DB Global Technology S.R.L., has achieved a new milestone and finished 2014 with hitting its planned employees target. DB Global Technology starts the year on a high note, with an expanded team ...

Almost 1,500 people with Swiss francs loans have demonstrated again on Sunday, in Bucharest’s Constitution Square, two weeks after the previous protest. Similar actions took place simultaneously in Cluj-Napoca, Timisoara, Iasi and Craiova, demanding the conversion of CHF loans at ...

In its Wednesday meeting, the Board of the National Bank of Romania (BNR) decided to lower the monetary policy rate to 2.25 percent per annum from 2.50 percent starting with February 5, 2015, according to a press release. Also, the ...

Traditionally, in the first working day of February, Bucharest Stock Exchange (BVB) is organizing a reception to mark the inauguration of the new stock exchange year. This exquisite event has been a great occasion for Romanian business community to gather ...