Notification by National Committe for Macroprudential Oversight Of
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WHO we are The wider community Our values We do what is right INTEGRITY REVENUES BY FUNCTION A business should be about more than making profits. It should also be a positive 39.1 mil force within the community, contributing to the well-being of society as a whole. For We never stop learning and improving EXCELLENCE KPMG, supporting our community is at the heart of our values and is fundamental to the 28% 30% 48% way we do business. We encourage our employees to participate in corporate social Advisory Tax Audit responsibility activities. KPMG firms have We think and act boldly COURAGE We respect each other partnered with numerous international development agencies and non-governmental organizations to pioneer a model of professional cooperation. TOGETHER We draw strength from our differences 850 Win-green situations We do what matters For Better Employees KPMG is committed to integrating environmental best practice into all of our business activities. We take our Offices in environmental responsibility seriously, and, 19 through a program of continous Romania improvement throughout all our operations, Partners we are working hard to reduce our impact on the environment. KPMG in Romania has implemented an Environmental Policy since 2008 and we obtained the ISO 14001 certification in 2009, demonstrating that KPMG in Romania meets the requirements for an Environmental Management System (EMS).And we didn`t stop here. To find out more about our actions, including volunteering, tree planting, donations, education and much more, please visit our -
Retail Activity Specific Features in Bucharest
Annales Universitatis Apulensis Series Oeconomica, 22(2), 2020, 146-157 ________________________________________________________________________________ RESPONSIBLE BANKING PRACTICES DURING THE COVID-19 PANDEMIC: FINDINGS FROM ROMANIA Claudia Gabriela BAICU1 ORCID: 0000-0002-1423-6108 Iuliana Petronela GÂRDAN2 ORCID: 0000-0003-2757-1308 Daniel Adrian GÂRDAN3 ORCID: 0000-0003-2569-6801 Daniel Constantin JIROVEANU4 ORCID: 0000-0002-7272-7183 Abstract: The COVID-19 pandemic hugely impacts the economies and people lives all over the world. Nevertheless, unlike the 2007-2009 global financial crisis that implied the use of taxpayers' money to rescue banks in many countries, these time, banks are called to participate in the efforts to mitigate the COVID-19 impact and to contribute to the economic recovery. Against this background, the paper investigates the responsible practices adopted by banks to alleviate the negative effects of the pandemic both on their clients and employees, but also on community, with focus on the Romanian banking system. The findings of our paper are based on literature review and the investigation of the web-sites of the most important banks in Romania. The annual reports issued by the National Bank of Romania and the Romanian legislative initiatives adopted in the pandemic context were also examined. Similar to banks in many countries, banks in Romania have adopted several measures as response to the coronavirus pandemic that include: diminishing use of cash, by encouraging digital channels; lower financing costs; involving in the “IMM Invest Romania” Programme to support small and medium-sized enterprises; flexibility in terms of the payment of loan installments; support provided to community in order to combat the coronavirus spread. -
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. -
ON the PATH of RECOVERY TOP 100 COMPANIES > PAGE 6
CROATIA, KOSOVO, MACEDONIA, MOLDOVA, MOLDOVA, MACEDONIA, KOSOVO, CROATIA, MONTENEGRO, ROMANIA, SERBIA, SLOVENIA ALBANIA, BOSNIA AND HERZEGOVINA, BULGARIA, BULGARIA, ALBANIA, BOSNIA AND HERZEGOVINA, ON THE PATH ROMANIA’S BCR SHINES NO QUICK RECOVERY FOR OF RECOVERY AGAIN IN TOP 100 BANKS SEE INSURERS IN 2011 RANKING TOP 100 COMPANIES TOP 100 BANKS TOP 100 INSURERS > PAGE 6 > PAGE 22 > PAGE 30 interviews, analyses, features and expert commentsperspective for to anthe additional SEE market real-time coverage of business and financial news from SEE investment intelligence in key industries Real-time solutions for your business in Southeastast Europe The business news and analyses of SeeNews are also available on your Bloomberg and Thomson Reuters terminals. wire.seenews.com editorial This fi fth annual edition of SeeNews TOP 100 SEE has tried to build on the previous issues by off ering even richer content, more features, analyses and a variety of views on the economy of Southeast Europe (SEE) and the region’s major companies. We have prepared an entirely new ranking called TOP 100 listed companies, part of the TOP listed companies section, giving its rationale along with a feature story on the stock exchanges in the region. For the fi rst time we have included research on Turkey and Greece, setting the scene for companies from the two countries to enter the TOP 100 rankings in the future. The scope has been broadened with a chapter dedicated to culture and the leisure industry, called SEE colours, which brings the region into the wider context of united Europe. One of the highlights of the 2012 edition is a feature writ- ten by the President of the European Bank for Reconstruc- tion and Development, Sir Suma Chakrabarti. -
Registru Persoane Juridice
INTERMEDIARI DE CREDITE - PERSOANE JURIDICE STATUL MEMBRU IN CARE Nume conducere / persoane INTERMEDIARUL DE Nr. Crt Denumire Tip intermediar de credite legat/nelegat Creditorul/intermediarul in numele caruia actioneaza responsabile cu activitatea de CREDITE ISI DESFASOARA intermediere credite ACTIVITATEA SC A&A CONSULTANTA FISCALA SI Reprezentant desemnat Ion Angelina Gabriela administrator FINANCIARA SRL 1 RAIFFEISEN BANK SA ROMANIA 2 SC ABISOFT SRL Intermediar de credite nelegat Antoche Florin administrator ROMANIA BCR;UNICREDIT BANK;OTP BANK;PATRIA BANK;LIBRA BANK;ALIOR BANK;BRD;ING BANK;BANCA 3 TRANSILVANIA;BANCA ROMANEASCA;GARANTI SC ADWISERS PROFESSIONAL CONSULTING BANK;ALPHA BANK;ADWISERS IFN;CREDIT AGRICOLE Alexandru Rodica Irina, administrator SRL Intermediar de credite nelegat ROMANIA Ioniță Oana Roxana ROMANIA 4 SC ADO ADVISOR FINANCE SRL Intermediar de credite legat OTP ADVISORS SRL Oprea Adrian administrator ROMANIA 5 SC ADD FINANCIAL ADVISRS SRL Intermediar de credite nelegat SUD REZIDENTIAL BROKER SRL Dincă Alina Georgiana administrator ROMANIA 6 SC ADFIN PROCONS SRL Reprezentant desemnat SC ADWISERS PROFESIONAL CONSULTING SRL Găman Adriana administrator ROMANIA 7 SC ADRIANA LABES REAL ESTATE SRL Intermediar de credite nelegat SUD REZIDENTIAL BROKER SRL Labes Adriana administrator ROMANIA 8 Georgescu Creangă Andriana administrator SC ANDRIANA FINANCE SRL Intermediar de credite nelegat ALLIANCE FINANCE BROKER Crăciun- Busuioc Vasilica ROMANIA 9 SC ANDISTAR CREDIT SRL Intermediar de credite nelegat RAIFFEISEN BANK SA Perescu -
The Competition Council Has Closed the Investigation on Banking and Interbank Services Market
The Competition Council has closed the investigation on banking and interbank services market The Competition Council has closed the investigation on a possible agreement among companies active on bank and interbank services market in Romania. During the investigation, in the context of malfunction of money market, there was analyzed, mainly, the banks’ behavior in setting ROBID/ROBOR money market indexes during October-November 2008. The banks investigated were the following: Romanian Commercial Bank SA, BRD-Groupe Societe Generale SA, CEC Bank SA, UniCredit Tiriac Bank SA, Transilvania Bank SA, Raiffeisen Bank SA, ING Bank NV Bucharest Branch, Eximbank Romania SA, RBS Bank (Romania) SA, Bancpost. Given the importance of ROBID/ROBOR indexes at the level of financial products (deposits, loans), the competition authority pays a special attention to their setting mechanism from the perspective of compliance with competition rules. In this context, the Competition Council notes that the exchange of confidential commercial information among competitors may represent infringement of the Competition Law. We remind that during the investigation, the competition authority applied two procedural sanctions to BRD- Groupe Societe Generale SA and Raiffeisen Bank SA (Ron 14 million) for refusal the dawn raids and for submission of inaccurate information. The two banks have challenged in court the fines imposed by Competition Council. In Raiffeisen case, the Bucharest Court by final judgment found that the bank did not provide the information requested and reduced the fine from 0.7% to 0.4% out of the bank’s turnover. In the BRD case, the litigation is ongoing. April 2013 Press Office Tel: 0372.129.710, 021.405.44.29 ; E-mail: [email protected] . -
08-06-2008 Groupama Closes Deal to Acquire 100% of Asiban
Press release Groupama closes deal to acquire 100% of Asiban • As a result of the transaction, Groupama ranks third on the Romanian insurance market based on the 2007 results Bucharest, 6 August 2008 – Following the finalization of the necessary regulatory approvals, Groupama announces today the official signing of the acquisition of the entire share capital of Asiban S.A (Asiban) from Banca Comercială Română S.A (BCR), BRD-Groupe Société Générale S.A.(BRD), Banca Transilvania S.A. (BT), Casa de Economii şi Consemnaţiuni CEC S.A (CEC Bank), on the sell side. The total value of the transaction amounts to 350 million EUR. For Groupama, this acquisition reflects its strategic commitment to expand its international operations becoming a benchmark international player, especially in the markets of Central and Eastern Europe. Romania is one of the major axes of this strategy, implemented through the acquisitions of BT Asigurari and OTP Garancia Asigurari. “This transaction is in line with our development strategy in the CEE strategy and Romania will play an important role, given the size of the population, the country’s rapid economic growth and the very low penetration level of the insurance market”, said Jean-François Lemoux, CEO of Groupama International Set-up in 1996 by 4 leading Romanian banks, Asiban is one of the top Romanian life and non-life insurance companies (the third largest composite insurer in 2007 with an 8% market share). In addition to its in-house selling capabilities, Asiban has a diversified nationwide distribution platform consisting mainly of brokerage networks and agents working on a self- employed basis. -
2018 Annual Report
ROMANIA GROWS WITH US! 2018 ANNUAL REPORT ROMANIA GROWS WITH US! PRESIDENT’S MESSAGE Every year, EximBank has evolved to become an increasingly better version of itself. Is EximBank currently has 25 representation points, compared to 12 at the end of 2012. We has adapted, has improved, has learned, has changed style, mentalities and perceptions. thus manage to cover the most important economic centers in the country, facilitating the access of the business environment to our financial products. 2018 was a new stage in EximBank's development, marking the sixth consecutive year of growth: we managed to increase sales, the total exposure doubled compared to During the past year, EximBank, as an export credit agency, strengthened its trust and 2012, we accelerated the sale of complementary products; overall, we strengthened our expertise capital that allows it to finance the Romanian exporters' projects by constantly position on the banking market by increasing our market share. participating in the work of the Council of the EU Working Group on Export Credits and through involvement in the project to set up the Investment Fund of the Three Seas Initi- At year end, the Bank managed total exposures in the amount of RON 7.9 billion, up ative - which aims to increase the level of investment, connectivity and cooperation in the by 30% compared to 2017 year end. In the period 2012-2018, on the background of an region. The Bank also contributed substantially to the official preparations made in order ambitious business strategy, the total managed exposures had an annual growth rate of for Romania to take over the EU presidency in the first half of 2019. -
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. -
Loan Financing for Micro, Small and Medium Sized Enterprises
Loan Financing for Micro, Small and Medium sized Enterprises Loan financing for MSMEs is available from the following banks with which the EBRD has signed a loan or standby facility. ALBANIA Credins Bank – Albania Credins Bank is the 3rd largest bank by loan portfolio and 4th largest in terms of assets and deposits in Albania. Established in 2003 as the first local private bank in the country, the bank has grown from a tier 3 bank to a systematic bank with a greater market share than some foreign banks in the country; it has continued to be profitable despite the impact of the crisis; and has developed a strong brand based on being client-oriented and developing innovative products. EBRD provided a senior loan of EUR 8 million for on-lending to SMEs. MSMEs with up to 250 employees can apply for the loans. The maximum aggregate amount of the loan is EUR 400,000 for up to 5 years. Both working capital financing and investment loans are available along with overdrafts and credit lines as well as a variety of other banking products and services tailored for MSMEs. Not less than 45% of the Loan shall be used to finance local activities outside of the capital city of Tirana. The loan is available both in Albanian Lek and EUR. For further details please contact Credins Bank directly. Head office contact details Customer contact Branch network contacts Banka Credins Egla Ballta Rr. "Ismail Qemali" 4, Tirane, MSME lending department Shqiperi Tel: +355 4 2234 096, 2233 912 Fax: +355 4 2222 916 Email: [email protected] Landeslease Landeslease is one of the leading leasing companies for MSME across many regions of Albania. -
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. -
3.Dobanzi Depozite PF
www.analizafinbancara.ro Dobânzi Depozite la termen în RON - Persoane fizice Martie 2021 (dobandă fixă, plătită la scadență) 1 2 3 4 6 7 9 12 18 24 36 Suma minimă / Banca Notă Interval lună luni luni luni luni luni luni luni luni luni luni Litera constituire depozit Alior Bank 1.40% - 1.75% - 2.10% - - 2.50% - 2.75% 2.80% 1.000 RON - Online A +0.10% bonus ghi șeu și Alpha Bank 1 0.50% 0.50% 1.10% - 1.30% - 1.50% 1.90% - 2.10% 2.30% încasare venit la Alpha Banca Românească 0.65% - 1.35% 1.35% 1.80% 1.80% 2.80% 2.75% 2.50% - 500 RON Banca Transilvania 0.40% - 0.50% - 1.00% - - 1.60% - 1.65% 1.85% 100 RON 500 RON Online. +0.2% BCR 2 - - 0.25% - 0.50% - - 0.80% - 1.15% - încasare venit la BCR B Banca Română de BRCI 1.50% - 2.00% - 2.60% - 2.80% 3.60% - - - 500 RON Credite si Investiţii < 50.000 RON. Peste Blom Bank France 0.30% 0.30% 0.50% - 1.00% - 1.25% 1.25% - - - 50.000 RON negociabil 150 RON. +0,05% la BRD SocGen 3 0.10% - 0.45% - 0.75% - - 1.05% - 1.25% 1.40% încasare venit 300 RON 1 -12 luni CEC Bank 4 0.95% - 1.40% - 2.60% - - 3.10% - 3.35% 3.50% Online 1000 RON 24-36 luni C Credit Agricole Bank 1.10% - 1.60% - 1.80% - 2.30% 2.50% 2.60% 2.60% - 500 RON Credit Europe Bank 5 1.25% - 1.75% - 2.25% - 2.25% 2.50% - 2.30% - 1.000 RON.Fonduri noi 500 RON: 1-12 luni Online F First Bank 0.80% - 1.35% - 1.65% - - 2.15% - 1.90% 2.00% <40.000: 24-36 luni Ghișeu G Garanti Bank 6 0.85% - 1.50% - 2.20% - - 2.55% - - - 200 RON Idea Bank 0.90% - 1.95% - 2.50% - 2.05% 2.70% 2.75% 2.75% - 500 - 50.000 RON 7 Idea Bank 1.00% - 2.00% - 2.55% - 2.10% 2.75% 2.80% 2.80% - > 50.000 RON I 1.000 RON.