Wednesday, May 25, 2011

BUCHAREST - Greek banks, which control 17% of Romanian banking assets, have not withdrawn financing lines from local subsidiaries ahead of time so far, central bank officials said. Banks controlled by Greek investors have sufficient liquidity and are not under pressure to borrow heavily from the market, says Nicolae Cinteza, head of the Supervisory Department of the BNR, the Romanian central bank. The Greek hold 17% of Romanian banking assets and have a similar share of the deposit segment, with funds attracted from local customers amounting to around EUR6 billion. "I speak with officials in Greece at least on a weekly basis, we are in permanent contact with them. There have not been early repayments of resources attracted from Greece so far, only of loans that reached maturity," Cinteza told ZF.

5 comments:

Anonymous said...

\"Isar\" pre numele sau adevarat , mugurel a pus pe butuci economia romaniei prin mentinerea dobinzii de referinta sus (BCE - 1,5% iar BNR peste 6 %) , ceea ce a facut si face cel mai rau IMM-urilor si in general economiei private ...vezi dobinzile de referinta in celelalte tari UE (germania, franta, U.E = BCE in general) dar si prin mentinerea leului la cote ridicate fara suport efectiv ...secatura a transformat BNR intr-o placa turnanta de spalare a banilor tilharilor europeni si nu numai ...care este motivul mentinerii dobinzii dereferinta ridicate ? ia explica tu asta la public ! ...ca sa fie capitalul de lucru scump = 15-28%- si sa nu cumva sa putem exporta si noi in UE, la fel si cu leul , sa nu cumva sa putem sa producem si sa exportam ...numai mittal si renault , nu ? ...lichea ce esti ...dar-ar canceru-n tine si ai tai !

arbitraj said...

United Kingdom : Review Of UK Covered Bond Framework
Morrison & Foerster LLP
On 6 April 2011, the UK Financial Services Authority ("FSA") and HM Treasury ("HMT") published a consultation paper setting out a joint review of the UK Regulated Covered Bonds Regulations (the "UK Regulations") with the stated aim of ensuring the UK Regulations continue to support the UK covered bond market and to help UK issuers compete on a level playing field with issuers from other jurisdictions. The consultation paper also proposes some minor changes to the UK Regulations.

arbitraj said...

United Kingdom : The Bribery Act 2010 - Are You Ready?
Kemp Little LLP
After months of delays the Bribery Act 2010 (the "Act") finally comes into force on 1 July 2011. The Act, which will completely replace the UK's existing anti-bribery laws, is intentionally robust, being wide in both scope and jurisdictional effect and imposing significant penalties.

http://www.evz.ro/index.html said...

United Kingdom : European Business Law Update: Spring 2011
McGuireWoods LLP
The Commercial Court held that where the claimant failed to file a Certificate of Service within 21 days of service of the Particulars of Claim (in the absence of an acknowledgment of service being filed by each defendant by then), and in addition failed to serve a response pack with the Particulars of Claim, that judgment in default as entered by the claimant should be set aside.

cotzofana said...

» Christine Lagarde, France's finance minister, launched her official bid to succeed Dominique Strauss-Kahn as managing director of the IMF. Ms Lagarde is the front-runner for the position. But there was growing disquiet in the developing world over the convention that only Europeans should be considered for the fund's top job, with the IMF representatives of Brazil, Russia, India, China and South Africa issuing a joint statement on the matter. Ms Lagarde acknowledged their concerns, but said that being European should be neither a "handicap, nor an asset" when assessing her qualifications. See article

» The American government reaped a small profit from the first sale of its shares in American International Group since bailing out the insurer in 2008. The Treasury sold 200m shares and AIG a further 100m in the offering, which was priced at $29 a share, just above the Treasury's break-even point of $28.73. It hopes to sell the remainder of its stake, now reduced to around 77%, over the next two years.