non-performing loans

The robustness of the banking sector, the absorption of customers' liquidity problems, the consolidation of lending on a sustainable basis, the acceleration of digitization and a strong increase in savings are the strengths of the banking…

The nominal value of the acquired portfolio (project Osiris) is totaling EUR 24 million. This deal consists of nearly 7.000 private unsecured loans with an average nominal value of EUR 3.500. The seller of the non-performing retail…

Reff & Associates and Deloitte Romania assisted Bank of Cyprus in the sale of the residual portfolio of non-performing loans and repossessed properties owned in Romania in a transaction which has just been closed. This is the largest…

The Romanian Commercial Bank (BCR) achieved a net profit of RON 697 million (EUR 149.7 million) in the first half of 2018 and an operating result of RON 740.9 million (EUR 159.2 million), BCR informs in a press release. BCR recorded a…

ING Bank Romania announced a 32 percent increase in revenues in the first three months of this year, up to RON 425 million, a press release informs. The number of active clients increased by 15 percent compared to the same period last…

OTP Bank's net profit in Romania increased by 83 percent in 2017 compared to the previous year, to HUF 3.04 billion (EUR 9.8 million), due to lowering provisions and improving operating results. The bank returned to profit in the third…

The banking sector outlooks in central and eastern Europe (CEE) in 2018 are stable, "Fitch 2018 Outlook: CEE Banks" shows. Solid economic momentum and wage growth, low unemployment, acceleration in EU fund disbursements and a growth…

Finance Minister Ionuţ Mişa (photo) seems to have already gone at war against banks: according to the draft Ordinance to amend the Tax Code, the banks may not deduct the sold receivables except for a maximum of 30% (down from 100%…

The Romanian Commercial Bank (BCR) recorded a net profit of RON 305 million (EUR 67.4 million) in the first six months of this year, by 51.9% less against the same period last year, a press release informs. “Against the same period last…

BCR Group registered in the first quarter of 2017 a net profit of EUR 39.2 million, down by 40% against the same period last year (EUR 65.7 million), an Erste Bank report informs. According to the report, the net income attributable to…