Banking Romania Latest Information

Banking Romania Latest Information

Romania May Delay Share Sales This Year, IMF Mission Chief Says
Romania may delay the sale of shares in a few state owned companies this year because the high number of approvals needed from authorities means it is taking longer than anticipated, Jeffrey Franks, the International Monetary Fund mission chief to the country said.

Romania Frontloads Debt Sales as It Seeks to Avert Change in Risk Appetite
Romania sold a record amount of leu- denominated debt in January at lower yields as it seeks to protect its finances from a possible worsening of the European sovereign-debt crisis.

Romania Frontloads Debt Sales to Avert Risk Appetite Change
Romania sold a record amount of leu- denominated debt in January at lower yields as it seeks to protect its finances from a possible worsening of the European sovereign-debt crisis.

Romania Frontloads Debt Sales to Avert Change in Risk Appetite
Romania sold a record amount of leu- denominated debt in January at lower yields as it seeks to protect its finances from a possible worsening of the European sovereign-debt crisis.

Vienna Bank Summit, Cyber Attacks, Romania Antitrust, Oracle: Compliance
Banking regulators from 17 countries are due to meet today to discuss Austrian proposals to limit eastern European credit risk for the Alpine republic’s banks, according to three people with knowledge of the agenda.

Statement by the WB, EC and IMF on the Review of Romania’s Economic Program
Staff teams from the World Bank (WB), European Commission (EC) and the International Monetary Fund (IMF) visited Bucharest from January 24 until February 6 for the regular review of Romania’s economic program.

Viewpoint: Romania's street protests
Romanians rise up against austerity

Romania’s country rating remains “B.”
This year will be more difficult for the Romanian economy in a bleak European context featuring recession in the Euro Area and the shrinkage of crediting against the backdrop of recapitalization of foreign banks present on the local market, Cristian Ionescu, Coface Country Cluster Manager for Romania, Bulgaria and Slovakia, stated yesterday during a press conference.

Erste Chief Treichl Renews Romania Vow as Bank Revamps BCR Board
Erste Group Bank AG, the owner of Romania’s biggest lender, appointed new managers to make its most expensive unit grow again, and told President Traian Basescu not to worry it may pull out of his country.

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The crediting of agriculture and public administration aimed at putting EU-funded projects into practice remains an area of interest to the Romanian banking system in 2012 as well, Radu Gratian Ghetea, president of the Romanian Banks Association (ARB) and president of the CEC Bank, told a conference on Romania’s economic prospects in 2012, according to doingbusiness.ro.

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