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

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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Deutsche Bank continues technology expansion in Romania. New hires, further offices enlargement

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 ...

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Romanians with CHF loans resumed protests on Sunday

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 ...

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BNR cuts key interest rate to 2.25 pc. Inflation forecast for the year end revised downward from 2.2 to 2.1 pc

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 ...

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EBRD, Raiffeisen Bank and former Ministry of Energy, among the contributors to the domestic capital market development in 2014

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 ...

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