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Tag Archives: Volksbank

Radu Ghetea, replaced from CEC Bank’s helm after 10 years, sources say

CEC Bank’s General Meeting of the Shareholders has decided on Friday to replace Radu Ghetea from the helm of the state bank, sources close to the situation say, quoted by hotnews.ro and profit.ro. The new CEO will be Dan Sandu, ...

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Banca Transilvania, historic high on BVB

Banca Transilvania (TLV – stock ticker) reached new historic high on Bucharest Stock Echange (BVB) last week, after the Constitutional Court (CCR) decided on February 7 that the conversion of loans in Swiss francs at historical rates is unconstitutional, Puls ...

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The number of debtors with Swiss francs loans, down by 20 pc last year

Number of persons taking loans in Swiss francs (CHF) from banks declined last year by 20 percent to 60,429 from about 75,000 at end-2014, National Bank of Romania (BNR) data show. At the same time, the balance of loans decreased ...

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Romanian banking system, in profit in 2015, marking the best year after crisis

After years of losses, the local banking system returned to profit, 2015 being the best year after the crisis for financial institutions’ shareholders. According to central bank preliminary data, the assets of the Romanian banking system increased to over RON ...

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Volksbank, radiated from the Trade Register. BT announces the merger completion

Banca Transilvania (BT) officials have announced on Monday the concluding of merger by absorption proceedings between BT (as absorbing company) and Volksbank Romania (acquired company), according to a notice sent to the Bucharest Stock Exchange (BVB), hotnews.ro reports. According to ...

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Lower rates for Volksbank customers, regardless of currency

Romanians who have taken loans from Volksbank will pay lower rates than now. Banca Transilvania, the new shareholder, decided to deduct the customers paid amounts as risk or administration fees, digi24.ro informs. The decision is to be applied to all ...

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Fitch has upgraded the rating of Banca Transilvania and has maintained the ratings of three banks

Fitch Ratings improved the rating of Banca Transilvania for long-term debts by one level to BB, and confirmed the ratings of UniCredit Tiriac Bank (BBB), ProCredit Bank Romania (BBB-) and ProCredit Bank Romania (BB +). Prospects ratings for Bance Transilvania, ...

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BT: Volksbank takeover procedures completed

Banca Transilvania (BT) has completed the acquisition of Volksbank on Tuesday and will provide customers with loans in CHF the conversion in EUR or RON with a reduction of 22.5%, plus the repayment of amounts paid for the risk premium ...

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