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In euro, foreign banks’ outflow has brought their exposure in the country to €84.19bln from €86.23bln in the second quarter to June 31. In American currency, BIS data point to an...
The EBRD’s Board of Directors approved a €150 million financing package for three subsidiaries of Raiffeisen International, including Raiffeisen Bank Romania to help address the impact...
Whether it’s a crisis of capitalism or a crisis that edged off from the fundamental values of capitalism, the latter two months fuelled panic...
Financial rating agency Fitch announced it downgraded five Romanian banks, namely BCR, BRD-Groupe Societe Generale, Bancpost, UniCredit Tiriac Bank...
Bucharest Stock Exchange reported trade rises as US bailout hopes were revived, together with sharp growths of European indices. Financial...
Derrivative financial instruments were one of the vehicles that led to an unseen crisis that global financial market is reeling from. In full...