Austrian Erste Group’s subsidiary Banca Comerciala Romana (BCR) announced it has dropped the early repayment fee for newly contracted bank loans if they are without guarantees and with variable interest.It is the first bank on the Romanian market that announces the move after the Romanian government earlier this week said it would impose a European […]
Tag: Bank
Volksbank bosses have denied reports the bank faces nationalisation as losses soared dramatically last year.Volksbank AG (ÖVAG) chief Gerald Wenzel said the search for a strategic partner was ongoing in the banks bid to pay back the millions of state aid it received over the past few months to get through the economic crisis.Wenzel refused […]
Banca Transilvania eyes WBAG move
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Romanian bank Banca Transilvania has plans to get listed on the Vienna Stock Exchange (WBAG), online newspaper Romanian Times has reported.The news platform reports today (Fri) that the possible move will be discussed at a shareholders meeting on 28 April.The institute has been traded on the Bucharest Stock Exchange since 1997.The European Bank for Reconstruction […]
BTV back on track after ‘difficult’ 2008
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Bosses at the Bank für Tirol und Vorarlberg (BTV) said today (Fri) the institutions profit had soared year on year in 2009 after what they described as “a very difficult 2008”.The provincial banks annual profit before taxes jumped by 2.3 per cent last year compared to 2008 figures to 51.3 million Euros.BVT increased its equity […]
Raiffeisen Romania suffers massive losses
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Raiffeisen Internationals (RI) Romanian subsidiary suffered 75 per cent year on year losses in 2009, it has been announced.Online newspaper Romanian Times has reported today (Weds) that Raiffeisen Bank Romania had a net profit of 40 million Euros last year. The institute also reported losses of two million Euros in the last quarter of 2009.The […]