financiare
After ending a financially difficult and psychologically stressful 2009, due to the crisis-related changes endured by the local economy, most market players have learned the lesson of precaution quite well. The survivors have maintained the focus on developing their businesses, seeking expansion and new contracts, modifying investment plans and hoping for a better 2010 than forecasters have predicted.
Comportamentul haotic al bancilor din toamna anului 2008, care au trecut de la o politica de creditare excesiva la un blocaj al creditarii, majorandu-si totodata dobanzile, constituie principalul factor care a dus la o contractie economica mai mare decat estimarile initiale, a declarat un oficial al BNR, in cadrul EU-Cofile (European Union&Banking Lectures project), organizat de Alpha Bank Romania, Banca Nationala a Romaniei si ARB la Sinaia.
With a total loan volume that exceeds three times the average in the domestic banking market, CEC Bank defies the economic recession. The bank presses ahead, with its growth and progress among the top banks in Romania, according to its President, Radu Gratian Ghetea.
Steady progress is the phrase that best describes Shachar Shaine’s ten-year stint in Romania so far. Shaine is president of one of the largest beer producers in Romania, United Romanian Breweries Bereprod (URBB). Earlier this year he decided to serve the cause of investors by taking over as the new president of the Foreign Investors Council (FIC).
His company has gone from strength to strength, and the consolidation continues. “We will invest seven million Euro in developing our bottling capacity,” Shaine revealed in an exclusive interview.
Having already managed its way through a “crisis experience” in the Turkish and Russian markets, Credit Europe Bank has accumulated 20 million Euro in loans this year, while its total loan portfolio stood at 1.5 billion Euro in 2008. According to Omer Tetik, the bank’s executive vice president, this year’s volume of loans has decreased compared to the previous year, being “an expected effect of the crisis management.”
Romanias much-heralded economic recovery in the fourth quarter of 2009 will only be relevant for the statistics, Misu Negritoiu, general manager of ING Bank Romania, told Business Arena Magazine. As the economic decline became apparent in the fourth quarter of last year, the general hope is that the economy will slow down its decline in the last three months of the year, he said.
