News » March, 2011 » 13 March 2011
UniCredit posts 57m lei profit by Romanian standards
13.03.2011, 23:45 | Finance-Banks | 827 views
UniCredit Ţiriac Bank, the seventh bank in terms of assets in 2010, ended last year with net income worth almost 57.2m lei in line with Romanian accounting standards (RAS), down 75% from the 2009 income. The bank ramped up lending, managing to expand its gross portfolio by almost 13%, way above the market average, but factors such as the soaring risk cost or the halved profit from financial transactions hurt its annual net figure. The loan portfolio reached 13.5bn lei, but in parallel the amount of bad loan provisions leaped by 67%, to 1.46bn lei. 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...
|
|
