Raiffeisen Leasing IFN SA financed 3,000 contracts in 2008 in total amount of 191 million euros, in decrease compared to the year before when it made up 261 million euros. That result was influenced by the Romanian trend of the economy based on worsening conditions of the global economy, especially in the last quarter of 2008. In total financing volume of 2008, equipment accounted for 22 per cent, vehicle leasing contract made up 75 per cent, and real estate leasing represented 3 per cent. Raiffeisen Leasing has an active leasing portfolio of 291 million euros and a number of 12,500 ongoing contracts.rnrnFor 2009 Raiffeisen Leasing focuses on close and permanent communication with the customers and market monitoring. Also, the company is ready to find the most appropriate solutions together with the customers facing difficulties, to active promote remarketing sales offer and maintain a sound portfolio as much as possible. We are ready to provide consultancy to our customers in order to overcome together this difficult period of time and to carry on cooperation stated Mihaela Mateescu, General Manager Raiffeisen Leasing.rn rnMajor priorities for Raiffeisen Leasing in 2009 are implementation of efficiency activities measures and a judicious costs management. Thus, the company will carry out in short time Charisma Application developed together with Total Soft, which will lead to an efficiency administration of approval steps and managing leasing contracts.rnrnThe Raiffeisen Leasing offer comprises financing leasing for automotive industry, equipment and real estate. Clients of the company are mainly companies, from SMEs to corporate, multinationals and municipalities. Raiffeisen Leasing is represented in 16 main cities across the country.rnrn*****rnrnFounded July 2002, Raiffeisen Leasing IFN SA is equally owned by Raiffeisen-Leasing International GmbH and Raiffeisen Bank S.A. Raiffeisen Leasing is a member of the Financial Companies Association in Romania (ALB) since 2004. rnrnRaiffeisen-Leasing International GmbH, located in Vienna, is the holding company of its leasing units in Central and Eastern Europe. It is 75 per cent owned by Raiffeisen International and 25 per cent owned by Raiffeisen Leasing GmbH, Vienna.rnThe Raiffeisen CEE Leasing network currently covers 16 countries in Central and Eastern Europe. Generally, most of the units are established as universal leasing companies providing the whole range of leasing products vehicles, equipment and real estate leasing.rn
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The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank
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NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii
ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii