Credit Europe Halves Loss In Romania

09.16.2014 By Ciprian Botea

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 million), half the loss posted in the same period of 2013, amid plunging risk provision expenses.

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Keywords:
banks
, Credit Europe
, losses
, bad loans