Archive » March 2009 » 04 March 2009 The english news from 04 March 2009
ING Bank logs highest profit since establishment: 29 million euros
ING Bank Romania made 106 million RON (almost 29 million euros) gross profit in 2008, an increase of 66% on the previous year, while its net revenue reached a record-high of about 150 million euros. "This is the all-time best result of ING Romania, mostly because of the dynamic retail operations…
Romanian Ctrl Bker: External Loans Should Be Paid Back By 2013
The external loans Romania may attract in 2009 have to cover the relatively low EU funds absorption capacity and should be paid back only when a larger part of the EU funds is attracted, by 2013, central bank governor Mugur Isarescu said Wednesday…
SIF Oltenia sues Ford and the Romanian state
The largest foreign investment in Romanian in the past few years could be blocked by a court ruling, if the SIF Oltenia financial investment company wins a court case against U.S. Ford car maker, local Automobile Craiova and the Romanian state. The SIF demands that a decision approving a share capital increase at Automobile Craiova…
Mother banks to renew financing for most Romanian subsidiaries, central bank governor deems
Renewing financing lines from mother banks to Romanian subsidiaries will exceed 90 percent and could stand close to 100 percent, according to the central bank (BNR) governor, Mugur Isarescu. He said the banking system is unlikely to witness a negative flow of capital…