bancare
Strengthening the bilateral commercial relations between Greece and Romania, while supporting the small and medium enterprises by extending their businesses on new markets, were among the key subjects discussed at the recent roundtable, "The Greek-Romanian Partnership: Business Opportunities." The roundtable took place at the Athenee Palace Hilton hotel, as part of the Business Forum and Exhibition of Food Products and Beverages.
At the end of a difficult year for the entire business community, Business Arena Magazine is proud to recognize the achievements and successes of banks, financial institutions and business leaders that found the winning strategies in spite of the economic slowdown. Financial Leaders' Hall of Fame 2009 brought together top business leaders at a special sit-down gala dinner hosted by the Crowne Plaza Hotel. Some 100 people from the financial and banking sectors, including directors of investment funds and representatives of major companies in Romania, together with representatives of the central bank, local authorities and diplomats, all took part in this prominent event.
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.
One of the most difficult tasks of Romanias business development in the last 10 years has been dealing with the recent
namely the 2008/9 financial crisis and this year’s presidential elections.
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.
