BCR, the biggest bank in Romanian's market by assets, is no longer selling RON (local currency - lei)-denominated real estate loans and RON-denominated unsecured loans. The bank also dropped-off it's offer of fixed - 7.75% per year interest rate on real estate loans levied in the first five years, and the monthly 0.2% loan management fee. On the other hand, the interest rate margin on the Casa Mea program (My Home) loan has been boosted by 0.35%, to 5.25% a year above six-month Euribor. BCR has favored euro-denominated secured loans in the past as well, considering that in the First Home scheme, where the bank had the biggest cap allocated, BCR only had euro-denominated loans in its offer. As far as RON-denominated unsecured personal loans are concerned, the bank offers a fixed interest rate ranging between 17.2% and 20.2% a year depending on the maturity and on the customer's credit history with the bank. The bank's offer of secured personal loans continues to include both RON and euro-denominated loans. AAPL ,AIG, BAC, Bear Stearn,s Ben Bernanke, BSC, China, copper, DELL’ DIS’ DJIA,Dollar,DOW, FDIC, FED, FNM FX,I GM, gold, GOOG, GRS, GS, IBM, inflation, IPO, JPM, KR, MA, MSFT, NOC oi, PM, PTR, SHLD, silver, SIR,I SMG, SNE, TTM ,Warren Buffett, XOM, YHOO, Yuan
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State sells over one billion euros' worth of shares on Stock Exchange this year
astăzi, 00:04 Ziarul Financiar
The Ministry of Economy plans to sell 15% of Transelectrica in June, 15% of Transgaz in September, while the initial public offering (IPO) for 15% in Romgaz could occur in December.
The state is also preparing to sell 9.84% in OMV Petrom, though no specific date has been revealed yet.
The sale of the four stakes could bring the Economy Ministry over one billion euros, considering the prices at which Transgaz, Transelectrica and Petrom are currently traded on the Stock Exchange and analysts' evaluations for Romgaz, a company held by Fondul Proprietatea (Property Fund).
The calendar of public offerings is to be found in a Government document, quoted by Mediafax. The sale of these stakes was approved by the Government as early as last year (the sale of 9.84% in Petrom was approved in May, and the sale of the three other stakes in September).
The offerings come after the shares of companies in the energy sector recorded significant rises in the past year, with share prices outpacing those obtained by the state in 2006 and 2007 when it sold 10% of Transelectrica and 10% of Transgaz on the Stock Exchange
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