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Raiffeisen Bank International to reevaluate operations in Romania following GEO 114. Raiffeisen Romania reports the best results ever for 2018

Raiffeisen Bank International (RBI) will reevaluate its operations in Romania after the government imposed a new bank tax in a last-minute legislation in December, chief executive Johann Strobl announced on Wednesday, as quoted by Reuters. Raiffeisen holds EUR 8.97 billion ...

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Garanti Group Romania posts RON 133 M net profit in the first 9 months

Garanti Group Romania, one of the most dynamic financial groups on the local market, composed of Garanti Bank, Garanti Leasing and Garanti Consumer Finance, registered, in the first nine months of the year, an increase of 11% in total asset ...

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Piraeus Bank Romania announces positive first half

Piraeus Bank Romania achieved positive financial results for the first six months of this year. The bank’s profit, volume of granted loans and attracted deposit increased. The level of non-performing loans stays at low level.   Piraeus Bank Romania’s pre-tax profit ...

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Garanti Group Romania posts RON 79 M profit in H1 2018

Garanti Group Romania, comprising Garanti Bank, Garanti Leasing and Garanti Consumer Finance, has recorded a consolidated net profit of RON 78.8 million in the first half of 2018, reads a press release. Furthermore, Garanti Group registered in the first semester ...

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IFC invests EUR 120 M to support pioneering bond issuance by Banca Transilvania

IFC, a member of the World Bank Group, is investing EUR 120 million in subordinated bonds issued by Banca Transilvania (BT), Romania’s second-largest bank by assets, to strengthen its capital base and growth, and help deepen the country’s financial markets. ...

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The state grants preferential zero interest loans for personal development investments. Students argue they might lead to higher tuition fees

After deputy PM Viorel Stefan had announced the Government would grant preferential zero interest loans to people who want to invest in personal development, to cover education, health or culture expenses, PM Viorica Dancila came up with new explanations. The ...

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Armed robbery at a bank in Baia Mare

An armed robbery took place on Wednesday at a bank in Baia Mare (northern Romania). Police are in full alert after the robbery has taken place. Two people with hoods and guns went into the bank and took RON 100,000 ...

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How much do companies in Romania allot to social media marketing?

The budget of the companies operating in Romania for social media marketing campaigns range from EUR 1,000 to over EUR 10,000 per year, with the lowest budgets coming from commerce and food industry companies, while the highest being allotted by ...

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Hold-up at bank in Bistrita

A hold-up was committed in a bank in Bistrita on Tuesday, where a man threatened the cashier with a gun and stole a sum of money. Subsequently, the man left the bank and ran away. According to the spokesperson of ...

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