State to pour new BGN 330m into development bank

The Government will add a further BGN 330 million to the capital of Bulgarian Development Bank, the second capital move since the BGN 100 million boost it got last month. BDB said 17 commercial banks have expressed interest ... More

BRD - the best bank in Romania in 2008

BRD – Groupe Societe Generale received for the third year in a row, from the magazine The Banker, the title of The Best Bank in Romania, reads a BRD press release remitted to Agerpres. The prize coming from the British ... More

HNB Council confirms bank acquisitions

The Croatian National Bank (HNB) Council decided at a session on Wednesday to give its consent to ESB Holding GmbH from Vienna to acquire an interest of more than 75 percent in Erste & Steiermaerkische Bank d.d. Rijeka. The ... More

Greek banks’ profits persist in SEE

Greek banks profit from their southeast European subsidiaries even in times of crisis, showed the nine-month earnings reports of Greece’s biggest financial institutions. The National Bank of Greece, which owns Bulgarian ... More

HBOR gets EUR 100m credit programmes loan

The Croatian Bank for Reconstruction and Development (HBOR) and a syndicate of several commercial banks led by the Privredna Banka Zagreb have signed a contract on a EUR 100 million loan which HBOR intends to use for financing ... More

NBG’s profit in Romania doubles in first 9 months

The after-tax profit registered in Romania by the National Bank of Greece (NBG), the main shareholder of the Romanian Bank, has doubled in the first nine months of the year to EUR 22 M, compared to the EUR 10 M level registered ... More

National Bank strengthens leading position in SE Europe

National bank’s results in SE Europe have shown a balanced growth in the region, reflecting a return on investment of some 28%. The group’s SE Europe operations delivered strong profitability due to disciplined growth ... More

WB credits Romania with chances to avoid recession

Romania’s chances to avoid recession in 2009 are higher than its chances to face recession, but the developments depend on the international context and on the measures taken by the future Government, a Government that ... More

Alpha Bank Romania shows 104.6% jump in gross profit on loans growth

Alpha Bank Romania (, a subsidiary of Greece-based Alpha Bank group, posted a rise of 104.6% in gross nine-month profit from the same period a year earlier on strong loans growth, management said in a statement. ... More

Podravska banka increases capital

The capital increase procedure in Podravska banka was completed early this week. Consequently, the bank increased its capital adequacy from 10.41 to 14.5 percent. Poba’s total capital is now worth almost HRK 350 million. ... More

EBRD predicts slow-down in Eastern European growth

Overall growth in Central and Eastern Europe as well as in Central Asia will decline, the European Bank for Reconstruction and Development (EBRD) has said. According to the EBRD figures economic growth of 7.5 percent in 2007 is ... More

Romania borrows EUR 1 bln from EIB

Romania and the European Investment Bank (EIB) signed yesterday a loan agreement worth EUR 1 bln, according to the Ministry of Economy and Finances (MEF), Agerpres informs. The loan will be granted for the co-funding of the ... More

Banks report HRK 4.8 billion in gross profit

In the first nine months of 2008, commercial banks in Croatia earned a pre-tax profit in the amount of some HRK 4.87 billion, which is a billion kuna or 26.7 percent more than in the same period of last year. The assets ... More

South Eastern Europe top priority for EBRD

South Eastern Europe remains a top priority for the investment policy of the European Bank for Reconstruction and Development (EBRD), the Bank's Vice President Horst Reichenbach told Regional Co-operation Council (RCC) secretary ... More

Croatia's Central Bank lowers reserve thheshold

Croatia’s Central Bank (HNB) has lowered its compulsory reserve rate for banking institutes operating in Croatia from the present 17% to 14 percent of assets, thus releasing almost 11 billion euro to the sector to help ... More

Four banks grow office networks

Raiffeisenbank opened three new offices in Pomorie and Sofia inside a week expanding its network to 190 units. The lender has 43 offices in the Bulgarian capital. Societe Generale Expressbank cut the ribbon for a third office in ... More

UniCredit Bulbank come with a new savings product

UniCredit Bulbank’s latest saving product, Nine Weeks and a Half Deposit, comes with a 7% annual interest rate for levs and 5% for euros, and a 66-day term. Statistics showed that more than 70 percent of the deposits of its ... More

Fitch Downgrades Five Romanian Banks, Affirms Banca Transilvania

Fitch Ratings has downgraded on Monday five Romanian banks, namely BCR, BRD-GSG, Bancpost, UniCredit Tiriac Bank and Banca Romaneasca and affirmed Banca Transilvania’s rating, following Romania’s sovereign rating ... More

Small banks profit from crisis

Concerns of savers fueled by the global financial crisis have broken up deposits into smaller amounts, as people decided to disperse their money into several banks. As a result, smaller banks recorded higher capital inflows. ... More

UNIBANK: The best small in FYROM in 2008

The operative success is confirmed by the latest cumulative records on the Q3 2008, according to which the bank marks increase in all financial segments. The total banking incomes (interests, provisions and currency margins) ... More