09.22.2014

Financial leasing companies repossessed about 1,000 cars and 270 pieces of equipment from customers that stopped their monthly payments in the first half of the year. They also sold almost 1,800 more

08.20.2014

China’s State Grid Corporation, the world’s largest electricity distribution company, is interested in buying the electricity business Italy’s Enel has for sale in Romania. more

08.12.2014

The administrators of Romanian insolvent chemical company Oltchim SA (OLT.RO) plan to resume the auction for the sale of the company’s assets. more

07.25.2014

French executive François Pétry, who took the reins of the Romanian operations of Swiss construction materials group Holcim in February, says the assets put up for sale in various countries amid more

07.22.2014

The assets that the construction materials groups Lafarge and Holcim want to sell internationally to be able to merge have drawn the interest of 100 potential buyers and some of them want to acquire more

07.18.2014

UK-based HSBC Global Asset Management, with assets worth nearly $440 billion, entered the Romanian market, providing portfolio management services and consultancy for investments. more

07.10.2014

Cement producer Lafarge Ciment, the largest company in Romania of France’s Lafarge, which is to sell its local assets in order to merge with Swiss-held Holcim, posted EUR2.4 billion revenue and more

07.09.2014

An encouraging sign at the top of the bank ranking by assets: BCR, the largest lender in Romania, stopped losing market share and even grew slightly in the first five months of the year from a 17.5% more

06.17.2014

Romanian CEC bank’s chief Radu Ghetea said Tuesday that his institution will undergo an asset quality assessment based on the European methodology in view of joining the Single Supervisory more

05.21.2014

The discretionary accounts of wealthy Romanians managed by asset managers overshot the 200 million lei (EUR45 million) mark at the end of April, almost double the level at the beginning of last year, more

05.13.2014

Erste Asset Management, the biggest mutual fund manager in Romania, wants to raise EUR100 million with six new funds destined to investors seeking alternatives to the falling interest rates of banking more

02.03.2014

Romanian bank depositors are growing increasingly dissatisfied with the low interest rates offered by lenders and they turn to higher risk assets to raise their money holdings, the head of OTP Asset more

01.15.2014

Six managers made the rules on the mutual fund market in 2013, raising 3.5 billion lei (EUR775 million) from investors. In 2014, the declining interests may bring another RON4 billion in net more

08.29.2013

The Romanian unit of Austria’s Volksbank bought for EUR2.5 million an unfinished 5,000-sqm office tower in Bucharest from an insolvent firm, which had borrowed about EUR5 million from the bank to more

08.27.2013

Romanian regional investment fund SIF Crisana-Banat (SIF1.RO) transferred its majority stakes in nine companies listed on the Rasdaq market in Bucharest to SIF Imobiliare Limited, a newly created firm more

07.09.2013

London-based Aberdeen Asset Managers Limited on Tuesday announced it holds a 4.98% stake in Romanian lender BRD- Groupe Societe Generale (BRD.RO), down from 5.43% at the end of May. more

05.24.2013

Scottish investment management group Aberdeen Asset Management, which administers assets of EUR250 billion, has become BRD’s second-largest shareholder, after French Societe Generale, by taking over more

03.21.2013

Erste Asset Management, Romania’s largest fund administrator, estimates its assets will exceed EUR1 billion by the end of June, general manager Dragos Neacsu said Thursday. more

02.20.2013

Dragos Neacsu, CEO of Erste Asset Management, the largest asset manager on the local market, warns over the shortage of corporate bond offers on the Romanian market, saying he finds it difficult to more

07.31.2012

The revenue of the brokerage firms dropped to one third of the 2007 level last year, while asset managers’ rose 2.4 times. The 21 asset managers collected 96 million lei (EUR21 million) compared more

07.17.2012

Erste Asset Management, the largest asset manager on the local market, sets out to raise 100 million lei (EUR22 million) by yearend for a money-market fund built to the new European standards. more

04.18.2012

Vanguard Asset Management, administrator of Romanian brokerage house Tradeville, is set to launch the first exchange-traded fund (ETF) on the Bucharest Stock Exchange, the brokerage firm said more

04.11.2012

The local market of mutual funds ended the first quarter of the year with 8,562 billion lei (EUR1.96 billion), 4% more than at the beginning of year mainly because of the new money raised from more

03.07.2012

Franklin Templeton, the manager of Romanian investment fund Fondul Proprietatea (FP.RO), has selected U.S. Citigroup Global Markets Limited as exclusive broker of the sale of EUR527.6 million worth of more

01.30.2012

Raiffeisen Asset Management, with over EUR650 million in assets under management, estimates its assets will increase by several tens of million of euros this year, because of fierce competition from more