Business Review

A syndicate comprising of BCR, Intercapital Invest and Swiss Capital will act as intermediate for the Ministry of Economy, on the Secondary Public Offering (SPO) for a 15 percent stake in Transelectrica, the national grid operator.

Ovidiu Posirca

The economic crisis has in fact boosted the card payment industry and increased cards’ visibility among other banking products. With innovation leading the way, the industry is now at a crossroads, and is calibrating the way it will integrate new developments such as contactless technology, mobile phone payment and multi-retailer schemes into electronic payments.

Anda Sebesi

BCR Banca pentru Locuinte (BpL), the savings and housing lender subsidiary of BCR Group, has registered a profit of RON 6 mln, in the first nine months of 2011, from a negative RON 0.1 million in the similar period of 2010.

Ovidiu Posirca

EU Milling Wheat Futures Contracts will be available for trading on the Bucharest Stock Exchange starting today, according to an official press statement issued by BVB.

Ovidiu Posirca

The Bucharest Stock Exchange (BVB) has increased its turnover by 53.6 percent to RON 16.9 million in the first three quarters of 2011, mainly due to increasing revenues from trading, the inflow of new participants and issuers and the vending of stock exchange data.

Ovidiu Posirca

The banking sector in Romania will register growth on the medium and long term, according to the latest edition of The CEE Banking Sector Report issued by Raiffeisen. The report reveals that the Top 5 banks in Romania accounted for 50 percent of total assets in 2010.

Ovidiu Posirca

In the first three quarters of 2011, Platinum Insurance has reported a volume of guarantee written premiums totaling approximately EUR 1.2 million.

Ovidiu Posirca

Banks that measured customer satisfaction before and after the implementation of Customer Relationship Management (CRM) indicated a moderate to significant increase, according to the study CRM in the Romanian Banking System, conducted by Ensight Management Consulting. So far, only 15 percent of the surveyed banks have implemented a loyalty system integrated with their CRM, while an additional 23 percent intend to do so in the near future.

The board of the Central Bank of Romania (BNR) has drafted an ordinance to set up a bridge bank, which could take over the administration of a bank that is in distress due to a sluggish economy or liquidity crisis. The bridge bank would ensure the continuity of the lender’s operations and address the credit institution’s core problems before marketing and selling it.    

Ovidiu Posirca

BRD-Groupe Societe Generale, the second bank in Romania after asset value, has registered a profit of EUR 90 million, nine months into 2011, which is a 19 percent decrease from the result obtained  in the first three quarters of 2010.

Ovidiu Posirca