News » March, 2013 » 1 March 2013
The increase of the provisions caused BCR to swing into the red
01.03.2013, 00:00 | Finance-Banks | 882 views
Last year, BCR saw a total loss of 1.2 billion lei (277 million euros), amid the increase of loan-loss provisions, by 68.2%, according to bank officials. Manfred Wimmer, Erste Bank's Chief Financial Officer, acknowledges that the loss of BCR is great and can affect the way in which the bank is perceived by the population, but he says, however, that the shareholders of the credit institution are fully involved in supporting it. Read more on Bursa.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...
|
|
