12.21.2014

Romanian lender Banca Comerciala Carpatica (BCC.RO) on Friday rejected Nextebank’s merger offer and authorized the bank’s management to hike the share capital by maximum RON155 million (EUR34.67 more

11.17.2014

Romanian lender Banca Comerciala Carpatica (BCC) could merge with Nextebank, owned by Emerging Europe Accession Fund, an investment fund administered by businessman Horia Manda through Axxess Capital. more

10.29.2014

Mutual funds in Romania that combined bond and stock investments generated the highest returns in the past five years, of as high as 69%. However, a single fund managed to beat the bourse and just one more

09.16.2014

Romanian insurer Carpatica Asig has proposed to appoint Valeriu Sergiu Loghin as its new general manager, after the previous general manager Ina Crudu decided to leave the company as of September 15. more

09.12.2014

The financial recovery plan of insurer Carpatica Asig, targeting the return to profitability, requires funds injection of maximum EUR20 million, that will be covered via the share capital increase and more

09.10.2014

Romania’s Financial Supervisory Authority (ASF) approved last week the financial recovery plan of insurer Carpatica Asig, which stipulates the share capital hike via cash contribution, the drawing more

08.26.2014

JC Flowers, a private equity firm founded by a former partner and executive at Goldman Sachs, is in competition with AnaCap and Axxess Capital for a stake in Romanian lender Banca Carpatica (BCC.RO), more

08.08.2014

Romanian lender Banca Comerciala Carpatica (BCC.RO) Friday said it switched to a loss in the first year-half, mainly due to one-off items, while the operational performance was roughly unchanged. more

07.22.2014

Romanian bank Banca Comerciala Carpatica (BCC.RO) has opened its data room to four potential investors interested in joining the bank’s shareholder structure and help boost its capital position, more

06.16.2014

Romanian insurer Carpatica Asig Sibiu on Monday said its loss widened more than 330% to 30.3 million lei (EUR6.8 million) on the in 2013, facing three consecutive years of losses, according to company more

06.10.2014

Carpathian Springs, the company that produces mineral water brand Aqua Carpatica, created by businessman Jean Valvis, ended 2013 with revenue of 55.5 million lei (EUR12.6 million), up 65% on the year. more

05.19.2014

Three companies holding over 30% of the insurance market are going through rough times. more

05.16.2014

Romania’s Financial Supervisory Authority ASF suspended the license of brokerage company SSIF Carpatica Invest for 90 days, asking for settling its financial situation and drawing new capital more

05.14.2014

Romanian lender Banca Comerciala Carpatica (BCC.RO) on Wednesday said it has swung to a first-quarter loss of 0.9 million lei (EUR0.202 million), hurt by a 39% decline in revenue. more

05.13.2014

The growth rate of Romanian insurer Carpatica Asig’s underwritings fell three-fold in the first quarter of the year, to 30.6%, from 94.5% in the same period a year earlier, while the company’s more

04.29.2014

Romanian bank Banca Carpatica is looking for a merger partner that will help propel the lender to the top 10 largest financing institutions on the local market, chief executive Johan Gabriels said. more

04.28.2014

Commercial lender Banca Comerciala Carpatica (BCC.RO) targets a net profit of RON37.7 million in 2014, slightly down from RON38.4 million a year earlier, on 5% lower revenue, at RON207.1 million, the more

04.25.2014

Romanian commercial lender Banca Comerciala Carpatica (BCC.RO) Friday said it granted a loan worth 9 million lei (EUR2 million) to Genesis Biopartner which will use it to build a new cogeneration more

03.28.2014

Romania’s central bank has suspended the voting rights of four more shareholders in commercial lender Banca Comerciala Carpatica (BCC.RO) after finding they have been acting in concert with Ilie more

03.24.2014

The managing board of Banca Carpatica (BCC.RO), headed by Belgian-born Johan Gabriels, maintains the bank needs a solid basis of own funds and that the possible acquisition of banking assets or loan more

03.18.2014

Romanian power supplier and energy trader Tinmar, owned by businessman Augustin Oancea, borrowed EUR7 million from commercial lender Banca Comerciala Carpatica for the development of an 8.5-MW solar more

03.17.2014

Corneliu Tanase, shareholder in local commercial lender Banca Comerciala Carpatica (BCC.RO), sold 9.95% of the bank’s shares on the stock market last Friday via two deal transfers worth 19.58 more

03.13.2014

Romania’s central bank has suspended the voting rights of two large shareholders in commercial lender Banca Comerciala Carpatica (BCC.RO), saying the stockholders no longer meet the “good more

02.14.2014

Romanian lender Banca Comerciala Carpatica (BCC.RO) Friday said its net profit rose 77% on the year to 38 million lei (EUR8.6 million) in 2013, fueled by higher revenue from lending and a RON12 more

02.06.2014

Romanian insurer Carpatica Asig Thursday said it underwrote premiums of 481.7 million lei (EUR108.1 million) in 2013, up 61% on the year, due to an increase in the number of clients, from over 950,000 more