News » January, 2011 » 12 January 2011
All Banca Transilvania's operations, shifted to Oracle system, in the wake of 15m-euro investment
12.01.2011, 00:06 | Finance-Banks | 765 views
Banca Transilvania, the fourth largest bank on the domestic market in terms of assets, is set to invest 15m euros in an Oracle technology, due to support the bank's entire activity, from retail to Internet banking. This is one of the biggest investments operated by a bank in an IT system. According to Leontin Toderici, COO with Banca Transilvania, the investment will be amortised in three years. He added the application could support an operations increase by tens of percentage points per year in profitability conditions. Read more on ZF.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
