DOCSLIB.ORG

Seenews-Top100-2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Seenews-Top100-2020 83 SEE LANDSCAPE Protecting what matters. Our Group is celebrating 30 years in CEE. In 1990, we began expanding into Eastern Europe and this first- mover advantage laid the foundations for our market leadership. This has enabled us to become the number one in CEE, a region which now accounts for more than half of our profit and premium income. To find out what also matters to us, visit www.vig.com VIG_AZ_220x307ssp_SUCCESS_Englisch_inSeeNews.indd 1 12.08.20 15:48 82 SEE LANDSCAPE SUCCESSSTORY Protecting what matters. Our Group is celebrating 30 years in CEE. In 1990, we began expanding into Eastern Europe and this first- mover advantage laid the foundations for our market leadership. This has enabled us to become the number one in CEE, a region which now accounts for more than half of our profit and premium income. To find out what also matters to us, visit www.vig.com https://www.30colours.vig/en/showing-our-strengths.html#11 VIG_AZ_220x307ssp_SUCCESS_Englisch_inSeeNews.indd 1 12.08.20 15:48 Companies 4-21 Banks 22-29 Insurers 30-43 Revenue per Capita 44 Most Dynamic 45 Industries 46 -57 Regulations 58-59 M&A 60-63 Landscape 64-80 Editor-in-chief: Marketing & sales: Contact us: Nevena Krasteva Anna Tsenova , 64 Kiril i Metodii Str, 1202 Sofia, Bulgaria Yordanka Pencheva tel: +359 2 8012 630 Editors: Branimir Kondov, email: [email protected] Liliya Goranova Cover: Madlen Nacheva @SeeNewsCompany Authors: Design & prepress: Dragana Petrushevska, Madlen Nacheva, SeeNews Mario Tanev, Nicoleta Banila, Krustyo Burski Petar Galev, Radomir Ralev, SeeNews Tsvetan Ivanov, Viktor Laskov Print: Bulvest Print AD Research team: SeeNews, SEE TOP 100 and their Disclaimer: SeeNews is not liable for the Martin Todorov, logos are registered trademarks content of the published advertisements. of A Data Pro Ltd. Full liability rests with the advertisers. Miglena Asenova, All rights reserved. Re-publication or Any content in this booklet branded by Polya Metodieva, re-distribution of SeeNews content, in- a third party excluding the SEE TOP 100 Tsvetan Ivanov, rankings is sponsored and provided by such cluding by framing, is strictly prohibited third party. Valentin Stamov without the prior written consent of SeeNews. Letter from the editor Even before the coronavirus pandemic hit the global economy, companies in Southeast Europe were already struggling to catch their breath. Revenues in 2019 were flattish and profits declined, leaving them with little fat to withstand the forthcoming lean times. Constricted European economic space, low commodity prices and heightened trade tensions all left their mark on balance sheets. Fragmented local markets, long- standing structural blocks to productivity and regulatory issues weighed further on businesses. Today, as the health crisis continues to rampage across continents, the pace of global economic recovery remains largely uncertain and so do the prospects for the region’s quick turnaround to growth. Getting your priorities straight is essential in a time of crisis. In this edition of SEE TOP 100, we ask the managers of the biggest companies in the region, the international financial institutions, policy makers and analysts where businesses should focus their efforts and resources. Their answers display striking similarities. There is not one interview or feature story in this publication that does not mention digitisation, innovations and energy transition. Add to this list the need for strong institutions, improved business environment and skilled-up labour. The governments in the region, the international financial institutions and the EU under its recovery package have come up with billions of euro of funding to cushion the impact of the pandemic. In this sense the crisis is a rare opportunity to speed up the region’s economic convergence with the rest of Europe if these areas are prioritised. At the same time, Southeast Europe can benefit from a global shift toward shortening of supply chains to bring businesses closer to the headquarters of their Western parents as EU membership, geographical and cultural proximity come into play to the region’s advantage. Yet, removing regulatory hurdles, providing utmost flexibility in labour conditions and ensuring a level playing field will be key to making the best of this shift. Nevena Krasteva Editor-in-chief 4 in millions of euro Net Net Rank Total Total Rank Rank Y/Y change in profit/ profit/ by net Company name Country Industry revenue revenue 2019 2018 revenue loss loss profit/ 2019 2018 2019 2018 loss 1 1 Automobile-Dacia SA Romania Automobiles 5214 5348 -0.11% 138.7 161.3 10 2 3 OMV Petrom SA Romania Petroleum/Natural Gas 4650 4195 13.60% 745.6 831.8 1 3 4 OMV Petrom Marketing SRL Romania Petroleum/Natural Gas 4022 3864 6.67% 92.7 89.8 16 4 2 Petrol d.d. Slovenia Petroleum/Natural Gas 3648 3642 0.18% 60.2 100.6 26 5 6 Lukoil Neftochim Burgas AD Bulgaria Petroleum/Natural Gas 3266 3008 8.59% -41.1 -130.0 95 6 5 Rompetrol Rafinare SA Romania Petroleum/Natural Gas 3118 3067 4.16% -73.8 -49.4 98 TOP 100 COMPANIES 100 TOP 7 7 INA d.d. Croatia Petroleum/Natural Gas 2904 2956 -1.42% 88.1 179.8 17 8 11 Rompetrol Downstream SRL Romania Petroleum/Natural Gas 2513 2362 9.02% 19.7 16.3 57 9 12 Kaufland Romania SCS Romania Wholesale/Retail 2499 2349 9.01% 177.4 169.1 6 10 10 JP Elektroprivreda Srbije Serbia Electricity 2471 2350 4.59% 31.2 15.0 43 11 8 Aurubis Bulgaria AD Bulgaria Metals 2467 2605 -5.32% 135.9 119.1 11 12 9 GEN-I d.o.o. Slovenia Electricity 2280 2396 -4.82% 15.5 13.0 65 13 15 British American Tobacco (Romania) Trading SRL Romania Food/Drinks/Tobacco 2277 2078 12.31% 22.6 33.3 55 14 13 Ford Romania SA Romania Automobiles 2200 2286 -1.36% 33.3 37.8 42 15 14 Naftna Industrija Srbije AD Serbia Petroleum/Natural Gas 2131 2250 -5.76% 151.0 221.2 8 16 19 Lidl Discount SRL Romania Wholesale/Retail 2065 1698 24.57% 102.8 88.4 14 17 17 Johnson Matthey DOOEL North Macedonia Chemicals 1903 1752 8.58% 77.0 97.8 20 18 16 Revoz d.d. Slovenia Automobiles 1803 1777 1.46% 24.2 33.6 52 19 25 Holding Slovenske Elektrarne d.o.o. Slovenia Electricity 1762 1519 15.99% 60.1 9.5 27 20 24 Dedeman SRL Romania Wholesale/Retail 1754 1582 13.65% 268.3 217.2 3 21 23 Carrefour Romania SA Romania Wholesale/Retail 1744 1596 11.97% 41.2 56.1 34 22 18 Lukoil-Bulgaria EOOD Bulgaria Petroleum/Natural Gas 1698 1704 -0.32% 34.9 0.5 39 23 21 Lukoil Romania SRL Romania Petroleum/Natural Gas 1593 1615 1.08% 25.0 14.0 49 24 30 Profi Rom Food SRL Romania Wholesale/Retail 1575 1316 22.65% -7.5 -19.4 90 25 28 Engie Romania SA Romania Petroleum/Natural Gas 1515 1357 14.40% 70.2 97.8 24 26 22 Star Assembly SRL Romania Automobiles 1511 1614 -4.08% 48.6 56.7 31 27 26 MOL Romania Petroleum Products SRL Romania Petroleum/Natural Gas 1486 1446 5.28% 58.0 54.6 28 28 20 Natsionalna Elektricheska Kompania EAD Bulgaria Electricity 1441 1650 -12.70% -0.6 -37.7 86 29 34 Krka d.d. Slovenia Pharmaceuticals 1428 1253 14.01% 249.4 163.3 4 30 31 Hrvatska Elektroprivreda d.d. Croatia Electricity 1413 1269 11.75% 148.8 47.7 9 31 35 Mega Image SRL Romania Wholesale/Retail 1396 1234 15.95% 57.0 54.5 29 32 27 Petrotel - Lukoil SA Romania Petroleum/Natural Gas 1257 1409 -8.60% -14.2 1.1 92 33 36 Liberty Galati SA Romania Metals 1254 1219 5.42% 6.0 40.7 75 34 37 Poslovni Sistem Mercator d.d. Slovenia Wholesale/Retail 1246 1182 5.42% -13.8 -10.9 91 35 32 Orange Romania SA Romania Telecommunications 1245 1256 1.63% 80.5 41.2 19 36 39 Metro Cash & Carry Romania SRL Romania Wholesale/Retail 1231 1147 9.98% 19.5 19.0 58 37 42 Lek d.d. Slovenia Pharmaceuticals 1205 1090 10.57% 115.8 116.7 13 38 38 Auchan Romania SA Romania Wholesale/Retail 1157 1160 2.18% 5.9 7.5 76 39 40 Romgaz SA Romania Petroleum/Natural Gas 1108 1120 1.44% 218.9 291.7 5 40 43 Samsung Electronics Romania SRL Romania Electronics 1069 991 10.54% 25.9 19.2 48 41 47 Electrica Furnizare SA Romania Electricity 1034 905 17.08% 24.1 30.2 53 42 New Konzum Plus d.o.o. Croatia Wholesale/Retail 1029 0 n/a -15.4 0.0 93 43 45 Dante International SA Romania Wholesale/Retail 1011 914 13.38% 10.4 -9.6 71 44 93 Astra Bioplant EOOD Bulgaria Petroleum/Natural Gas 985 611 61.12% 7.2 6.6 73 45 41 Prvo Plinarsko Drustvo d.o.o. Croatia Petroleum/Natural Gas 953 1101 -13.17% 26.7 15.1 46 46 52 Renault Commercial Roumanie SRL Romania Automobiles 941 880 9.56% 15.8 16.1 63 47 51 RCS & RDS SA Romania Telecommunications 931 881 8.38% 72.1 32.8 23 48 75 CFR SA Romania Transportation 930 716 33.09% -5.3 2.2 89 49 53 Saksa OOD Bulgaria Petroleum/Natural Gas 912 869 4.95% 11.7 8.1 69 50 50 Delhaize Serbia DOO Serbia Wholesale/Retail 910 882 2.74% 44.1 22.6 33 5 in millions of euro TOP 100 COMPANIES 100 TOP Net Net Rank Total Total Rank Rank Y/Y change in profit/ profit/ by net Company name Country Industry revenue revenue 2019 2018 revenue loss loss profit/ 2019 2018 2019 2018 loss 51 55 E.ON Energie Romania SA Romania Petroleum/Natural Gas 899 853 8.09% 6.1 14.2 74 52 44 Hidroelectrica SA Romania Electricity 899 940 -1.94% 290.1 415.8 2 53 66 Fildas Trading SRL Romania Wholesale/Retail 898 783 17.59% 28.1 23.4 45 54 58 Gorenje d.o.o.
Load more

Recommended publications
  • Sberbank Srbija A.D
    Annual Report 2012 Sberbank Srbija a.d. Sadržaj/Contents Sberbank Srbija i Sberbank Evropa 02 Uvodna reČ IzvrŠnog odbora 03 Ključni pokazatelji 2004-2012 04 Analiza poslovanja 05-08 Finansijski izveštaj 09-15 Bilans uspeha 10 Bilans stanja 11-12 Izveštaj o promenama na kapitalu 13 Izveštaj o novčanim tokovima 14-15 Izveštaj nezavisnog revizora 16 Izveštaj Upravnog odbora 17 About Sberbank and Sberbank Europe 18 Foreword from the Executive Board 19 Key facts 2004-2012 20 Lines of business 21-24 Financial Statements 25-31 Income statement 26 Balance sheet 27-28 Statement of changes in shareholders’ equity 29 Cash flow statement 30-31 Independent auditor’s report 32 Board of Directors annual report 33 Sberbank Srbija i Sberbank Evropa Ukraine Czech Republic Slovakia Austria Hungary Slovenia Croatia Bosnia and Herzegovina Serbia U februaru 2012. godine bivšu Volksbank Internatio- ji, Hrvatskoj, Bosni i Hercegovini, Srbiji i Ukrajini. Banka nal AG – sada Sberbank Europe AG – preuzela je ruska ima ukupno 280 ekspozitura i 4 400 zaposlenih (na dan Sberbank. 31. 12. 2012.). Sberbank je najveća banka u Rusiji i poseduje gotovo Sberbank je jedna od najprofitabilnijih finansijskih ins- jednu trećinu svih sredstava ruskog bankarskog sektora. titucija u svetu i vodeći igrač na tržištu po tome što Centralna banka Ruske Federacije je osnivač i većinski obezbeđuje inovativne proizvode zasnovane na izvrsnos- vlasnik Sberbanke, sa vlasništvom od 50% plus jedna ti i najnovijoj tehnologiji. Kombinujući lokalnu stručnost i akcija sa pravom glasa. Ostale akcije su u vlasništvu više usmerenost svojih zaposlenih na korisnike, Sberbank Eu- od 245 000 samostalnih i institucionalnih investito- rope gradi mostove ka poslovanju na istoku i jedinstveni ra u Rusiji i inostranstvu.
    [Show full text]
  • Consolidated Financial Statements for the Financial Year from 1 January to 31 December 2018 Page
    Consolidated Financial Statements for the Financial Year from 1 January to 31 December 2018 gamigo AG Behringstrasse 16b 22765 Hamburg/Germany Content Consolidated Financial Statements for the Financial Year from 1 January to 31 December 2018 Page Consolidated management report of gamigo AG for the Financial Year from 1 January to 31 December 2018 1-39 Consolidated Statement of Financial Position as at 31 December 2018 40-41 Consolidated Statement of Profit and Loss and Comprehensive Income for the Financial Year from 1 January to 31 December 2018 42 Consolidated Statement of Changes in Equity from 1 January to 31 December 2018 43 Consolidated Statement of Cash Flows from 1 January to 31 December 2018 44 Notes to the Consolidated Financial Statements of gamigo AG for the Financial Year from 1 January to 31 December 2018 45-126 Independent Auditor’s Report gamigo group Consolidated management report 2018 Consolidated management report of the gamigo group for the year ended 31 December 2018 I. Fundamentals of the gamigo group ...................................................................................... 2 A. Business operations and corporate structure ..................................................................................... 2 B. Business activities and organisation .................................................................................................. 3 C. Objectives and strategies .................................................................................................................. 7 D. Management
    [Show full text]
  • O-SII Notification
    Notification template for Article 131 CRD – Other Systemically Important Institutions (O-SII) Please send this template to • [email protected] when notifying the ESRB; • [email protected] when notifying the ECB; • [email protected] when notifying the EBA. Emailing this template to the above-mentioned addresses constitutes an official notification, no further official letter is required. In order to facilitate the work of the notified authorities, please send the notification template in a format that allows electronically copying the information. 1. Notifying national authority 1.1 Name of the notifying National Committee for Macroprudential Oversight authority 2. Description of the measure Based on data available as of 31 March 2017, 9 credit institutions Romanian legal entities obtained a score higher than the threshold set for automatic designation of systemically important institutions (275 basis points). The re-evaluation based on June 2017 available data generated the same results. The name and LEI code of the systemically important institutions identified in Romania are provided below. Banca Comercială Română S.A. – LEI code 549300ORLU6LN5YD8X90 BRD - Groupe Societe Generale S.A. – LEI code 5493008QRHH0XCLJ4238 2.1 Concerned institution UniCredit Bank S.A. – LEI code 5493003BDYD5VPGUQS04 or group of institutions Raiffeisen Bank S.A. – LEI code 549300RFKNCOX56F8591 Banca Transilvania S.A. – LEI code 549300RG3H390KEL8896 Alpha Bank România S.A. – LEI code 529900TKT32Z5LP7XF90 CEC Bank S.A. – LEI code 2138008AVF4W7FMW8W87 Bancpost S.A. – LEI code 549300GM6AMB2XDWNC96 Garanti Bank S.A. – LEI code 549300UZRCTIM0HREY46 An O-SII buffer applicable in 2018 is set for the systemically important institutions which are Romanian legal entities.
    [Show full text]
  • SUMMER 2010 2 Casual Connect Summer 2010 Casual Connect Summer 2010 3 4 Casual Connect Summer 2010 Contents
    SUMMER 2010 2 Casual Connect Summer 2010 Casual Connect Summer 2010 3 4 Casual Connect Summer 2010 Contents Jessica Tams | Letter from the Director 7 Legal Studio Spotlight | Playrix Entertainment 8 59 Legal Issues Around Social Games | Dr. Andreas Lober and Olivier Oosterbaan Design & Production Compliance and Contracting (Part One) 62 Keeping It Real | Alisdair Faulkner and Jeff Sawitke Kenji Hisatsune | The Perfect Play 12 The Top Online Gaming Scams and How to Prevent Them Principles Driving PAC-MAN’s Success David Rohrl | Fundamentals of Social Game Design 14 Marketing Part One: Reducing Churn 64 Putting the Money Where the Mouse Is | Jeremy Shea Magnus Alm and Johan Peitz | Taking Icy Tower to 16 Leveraging Social Platforms as a Monetization Engine Facebook Lessons Learned 65 The Debate Over Hardcore Female Gamers | Shanna Tellerman Scott Griffiths | QA Cost Containment Strategies 21 Beginning to Bridge the Gender Gap Maximizing ROI from QA Activities 68 Getting the Scoop on Design | Rick Marazzani Greg Rahn | Fun in Soundville 24 Principles Dished Out in Your Grocer’s Freezer A Conversation about Audio for Social Games David Westendorf | Telepathy in Games 26 Bringing Brain-Computer Interface Technology to Consumers Monetization 70 Paying Can Be Fun | Simon Jones Acknowledging the Most Important Interaction Industry Business Between Seller and Buyer Susan Wu | Bringing Some WoW to FarmVille Fans 28 74 Optimizing Offers | Alex Rampell City of Eternals Breaks New Ground Three Tips to Dramatically Increase Revenues and Make Users Happy Three Guys, Five Questions 32 A Brief Conversation about Social Games 76 Making Retail Pay | Ries Derkman Publishing Casual Games Through Retail Blake Madden | We All Scream For Streams 34 New Directions in Game Distribution Technology 79 Make Them an Offer They Can’t Refuse | Janis Zech and Jan Beckers Klaus Schmidt | Sell Ideas, Not Games 36 Choosing the Offer-based Monetization Platform Eight Questions Worth Pondering .
    [Show full text]
  • Unicredit Bulbank 2018 Annual Report 5.5 MB
    Банка за важните неща. One Bank, One UniCredit. 2018 Annual ReportsAnnual Accounts and 2018 Annual Report and Accounts БанкаBanking за важните that matters. неща. БанкаBanking за важните that matters. неща. www.unicreditbulbank.bg Банка за важните неща. Contents Financial Highlights (Unconsolidated) 4 Financial Highlights (Consolidated) 5 Ethics and respect: Do the right thing! 9 Supervisory Board and Management Board 11 Organisation Chart 13 Credit rating 14 Bulgarian Economy in 2018 21 Market Positioning 25 UniCredit Bulbank Activity Review 27 Unconsolidated Financial Results 27 Consolidated Financial Results 36 Risk Management 37 Corporate, Investment and Private Banking 39 Retail Banking 43 Asset and Liability Management 46 Human Resources 47 Global Banking Services 49 Customer Satisfaction Management 51 Corporate Social Responsibility and Sustainable Development 53 Major Subsidiaries and Associates 55 Corporate Governance Declaration 57 Unconsolidated Financial Statements 63 Independent Auditors’ Report 63 Income Statement 70 Statement of Comprehensive Income 71 Statement of Financial Position 72 Statement of Changes in Equity 73 Statement of Cash Flows 74 Notes to the Separate Financial Statements 76 Consolidated Financial Statements 125 Independent Auditors’ Report 125 Income Statement 132 Statement of Comprehensive Income 133 Statement of Financial Position 134 Statement of Changes in Equity 135 Statement of Cash Flows 136 Notes to Consolidated Financial Statements 138 Bank Network 186 UniCredit Bulbank · 2018 Annual Report 3 Financial
    [Show full text]
  • Zornitsa Markova the KTB STATE
    Zornitsa Markova THE KTB STATE Sofia, 2017 All rights reserved. No part of this book may be reproduced or express written consent from Iztok-Zapad Publishing House. transmitted in any form or by any means without first obtaining © Zornitsa Markova, 2017 © Iztok-Zapad Publishing House, 2017 ISBN 978-619-01-0094-2 zornitsa markova THE KTB STATE CHRONICLE OF THE LARGEST BANK FAILURE IN BULGARIA — THE WORKINGS OF A CAPTURED STATE THAT SOLD OUT THE PUBLIC INTEREST FOR PRIVATE EXPEDIENCY CONTENTS LIST OF ABBREVIATIONS AND ACRONYMS / 12 EDITOR’S FOREWORD / 13 SUMMARY / 15 READER’S GUIDE TO THE INVESTIGATION / 21 1. HISTORICAL BACKGROUND / 23 DEVELOPMENTS IN THE BULGARIAN BANKING SECTOR THAT PRE-DATE KTB ..........................................................25 Headed for a Banking Crisis .................................................................................................. 26 Scores of Banks Close Their Doors................................................................................... 29 First Private Bank — Backed by the Powerful, Favoured by the Government ......................................................... 33 Criminal Syndicates and Their Banks — the Birth of a State within the State ...........................................................................35 A Post-Crisis Change of Players ..........................................................................................37 A FRESH START FOR THE FLEDGLING KTB ..................................................... 40 KTB SALE ..........................................................................................................................................42
    [Show full text]
  • Annual Financial Report Company Profile
    2016 annual financial report Company profile Our business Europe is a leading real estate development and investment company, operating throughout Central reportannual financial 2016 and Eastern Europe, and focusing on the development of large- scale commercial and residential projects. 2 Our diversified assets portfolio currently consists of: • shopping malls and retail properties • business parks and office complexes • large-scale residential and mixed-use projects • Income-yielding residential properties • land-bank designated for future projects At the end of 2016, we own, develop and manage properties and projects in Bulgaria, Czech Republic, Germany, Hungary, Latvia, Poland, Romania and Serbia, with on-the-ground teams comprising nearly 200 professionals. Our company’s head-office is based in the Netherlands. AFI Europe is part of the AFI Group, an international holdings and investments conglomerate. Total asset value Competitive advantage €1.393m Proven track-record in the development and management of successful large-scale projects and properties Residential Ability to attract and retain high caliber tenants including projects reputable retailers and multinational corporations Commercial 4% properties (€51m) On-the-ground presence by in-house multidisciplinary 78% teams of highly skilled professionals with local knowledge (€1,086m) and connections, as well as international networks Land bank 18% Good relationships with banks and (€256m) ability to raise debt financing As at 31 December 2016 based on CBRE valuation as of 30 September
    [Show full text]
  • Annual Report and Accounts
    2020 Annual Report and Accounts Do the right thing! For the Real Economy We quickly took decisive actions to support the backbone of the real economy in Europe: small and medium sized enterprises. AWARDED ‘WORLD'S BEST BANK FOR SMES’ In October, UniCredit was awarded ‘Best Bank for SMEs’ by Global Finance magazine in its World’s Best Global Banks Awards. This was based on our performance over the past year, based on criteria including reputation and management excellence. Contents Board of Directors, Board of Statutory Auditors and External Auditors as at 31 December 2020 5 Chairman’s message 10 Chief Executive Officer’s message 14 Preliminary notes 33 CONSOLIDATED REPORT AND ACCOUNTS 2020 OF UNICREDIT GROUP 37 COMPANY REPORT AND ACCOUNTS 2020 OF UNICREDIT S.P.A. 503 Incorporations of qualitative information by reference 755 Glossary 761 Contacts 775 Notes The following conventional symbols have been used in the tables: • a dash (-) indicates that the item/figure is non-existent; • two stops (..) or “n.m.” when the figures do not reach the minimum considered significant or are not meaningful; • “n.a.” indicates that the figure is not available. Any discrepancies between data are solely due to the effect of rounding. UniCredit · 2020 Annual Report and Accounts 3 I UniCredit S.p.A. A joint stock company Registered Office and Head Office: Piazza Gae Aulenti, 3 - Tower A - 20154 Milano Share capital €21,059,536,950.48 fully paid in Registered in the Register of Banking Groups and Parent Company of the UniCredit Banking Group, with cod. 02008.1 Cod.
    [Show full text]
  • USD-Banks-September.Pdf
    PANK BIC RIIK ASUKOHT Telenor Banka A.D. AAAARSBG SERBIA (RS) Belgrade United Bank of Albania AAISALTR ALBANIA (AL) Tirana Absolutbank ABLTBY22 BELARUS (BY) Minsk Agricultural Bank of China Limited ABOCCNBJ CHINA (CN) Hinduja Bank (Switzerland) Ltd ABSGCHGG SWITZERLAND (CH) ABSOLUT BANK ABSLRUMM RUSSIAN FEDERATION (RU) AccessBank Azerbaijan ACABAZ22 AZERBAIJAN (AZ) Baku Bank Vostok ACJCUA2N UKRAINE (UA) Dnepropetrovsk The Agricultural Development Bank of China ADBNCNBJ CHINA (CN) BTA BANK CJSC AEBKBY2X BELARUS (BY) ACBA-CREDIT AGRICOLE BANK AGCAAM22 ARMENIA (AM) Yerevan JOINT-STOCK COMMERCIAL BANK AGCORUMM RUSSIAN FEDERATION (RU) AGROPROMCREDIT KHAN BANK LLC AGMOMNUB MONGOLIA (MN) JSC BANK 'AGROROS' AGZARU33 RUSSIAN FEDERATION (RU) Kapital Bank AIIBAZ2X AZERBAIJAN (AZ) Baku AIK Banka AD Beograd (Agroindustrijsko- AIKBRS22 SERBIA (RS) Belgrade Komercijalna Banka) Air Bank a.s. AIRACZPP CZECH REPUBLIC (CZ) Prague 6 - Dejvice AIYL BANK AIYLKG22 KYRGYZSTAN (KG) BANK ACCEPT JSC AJSCRU55 RUSSIAN FEDERATION (RU) BELARUSBANK AKBBBY2X BELARUS (BY) THE OPEN JOINT-STOCK COMPANY CAPITAL AKILKG22 KYRGYZSTAN (KG) BANK Alef Bank ALEFRUMM RUSSIAN FEDERATION (RU) Moscow Alfa Bank ALFABY2X BELARUS (BY) Minsk ALFA BANK JSC SB ALFAKZKA KAZAKHSTAN (KZ) Joint Stock Company "Alfa-Bank" ALFARUMM RUSSIAN FEDERATION (RU) Moscow RENAISSANCE CREDIT COMMERCIAL BANK ALILRUMM RUSSIAN FEDERATION (RU) OOO ATFBANK JSC ALMNKZKA KAZAKHSTAN (KZ) ALMAZERGIENBANK ALMZRU8Y RUSSIAN FEDERATION (RU) Commercial Bank "Altaikapitalbank" Limited ALOORU51 RUSSIAN FEDERATION (RU) Alpenbank
    [Show full text]
  • Annual Report 2018 ABOUT THIS REPORT 02
    AnnuAl RepoRt 2018 ABOUT THIS REPORT 02 1 / 2 ABOUT THIS REPORT Approach to the Report Boundaries of the Report Approval of the Report This Annual Report of Sberbank of Russia ¹ for 2018 (the “Report”) The financial data are presented in the Report Information on sustainable development is consoli- This Report received preliminary approv- in accordance with the IFRS consolidated financial dated by the major participants of the Group, which al by the Supervisory Board of Sberbank includes the performance results of Sberbank and its subsidiaries ² statements, unless otherwise specified in the text of have a significant impact on their regions of pres- (Minutes No. 11 of April 16, 2019). for the reporting period from January 1, 2018, to December 31, 2018. the Report. ence, and Sberbank Corporate University. The reliability of the data in the Report was con- Operational data are presented for PJSC Sberbank firmed by the Audit Committee of Sberbank. unless otherwise specified in the text of the Report. The Report has been prepared in accordance with In addition, the contents of the Report The Report was approved by the Annual General the legislation of the Russian Federation, including: comply with the following documents: Shareholder Meeting of Sberbank as of May 24, 2019 (Minutes No 32 as of May 29, 2019). ♦ Federal Law No. 39-FZ “On the Securities ♦ Requirements of the Moscow Stock The term “Group” as used in the sections “People: Nurturing New Skills in Effective Teams” Market” dated April 22,1996; Exchange on the preparation of annu- and “Impact on Society” includes Sberbank Corporate University and the following: al reports by joint stock companies; ♦ Federal Law No.
    [Show full text]
  • Competition and Consumer Protection in the Romanian Banking Sector
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Iacovoiu, Viorela; Stancu, Adrian Article Competition and Consumer Protection in the Romanian Banking Sector Amfiteatru Economic Journal Provided in Cooperation with: The Bucharest University of Economic Studies Suggested Citation: Iacovoiu, Viorela; Stancu, Adrian (2017) : Competition and Consumer Protection in the Romanian Banking Sector, Amfiteatru Economic Journal, ISSN 2247-9104, The Bucharest University of Economic Studies, Bucharest, Vol. 19, Iss. 45, pp. 381-396 This Version is available at: http://hdl.handle.net/10419/169078 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. http://creativecommons.org/licenses/by/4.0/ www.econstor.eu Competition's Policy – a Tool to Protect Consumer's Rights and Interests AE COMPETITION AND CONSUMER PROTECTION IN THE ROMANIAN BANKING SECTOR Viorela Iacovoiu1∗ and Adrian Stancu2 1) 2) Petroleum-Gas University of Ploieşti, Romania Please cite this article as: Article History Iacovoiu, V.
    [Show full text]
  • The Development of the Activity of Banks with Foreign Capital in Central and Eastern Europe
    Annals of the „Constantin Brâncuşi” University of Târgu Jiu, Economy Series, Issue 2/2014 THE DEVELOPMENT OF THE ACTIVITY OF BANKS WITH FOREIGN CAPITAL IN CENTRAL AND EASTERN EUROPE RADULESCU MAGDALENA, PH.D. ASSOCIATE PROFESSOR, UNIVERSITY OF PITESTI, ROMANIA, [email protected] Abstract The privatization has as purpose to reestablish the functionality of a type of property under the public agreement. The privatization of banks brings both positive and beneficial aspects, but also some notions with a negative impact that influence the capital markets and banking system. Among the benefits we can include: the increase of the effectiveness and performance of the banking operations, the implementation of some effective structures that lead to the gradual integration of the banking system into the greatly developed economies, the improvement and perfecting of the bank services. In Romania, the privatization of banks started rather late and in some cases it turned up to be very difficult. Romanian banking system is dominated by the Austrian and Greek investors. The Romanian banking system is very concentrated, but the intermediation level is still lower than in other European or Eastern European countries. Key words: privatization, foreign investors, banking system, Romania, Eastern European Countries. JEL Classification: F21, F23, G21, G24, G32, G34. 1. Introduction Broadly speaking, the privatization had and still has as purpose to reestablish the functionality of a type of property under the public agreement, and the aim of this phenomenon was intended to remove the proven negative and unwanted aspects related to the transfer of some responsibilities from the private field to the public sphere.
    [Show full text]