BANCI | ENGLISH

Bucharest Stock Exchange (BVB) elects its new president

Autor:

2012-01-09 12:24

Elections are being held today for chairman of the Bucharest Stock Exchange (BVB), with three candidates vying for the position, Mediafax reports. They are Lucian Anghel (foto), chief economist at BCR, Dan Paul, president of the Brokers’ Association, and Stere Farmache, the incumbent chairman, who’s been on the job for the past 16 years. Lucian Anghel is credited as the frontrunner in the race, given he managed to rally 50 pc of the votes, people familiar with the capital market say. rnrnLucian Anghel has been working with BCR since 1997 and is now chief economist and executive director of the strategy and development division with the bank. “Farmache and Dan Paul are jostling for 25 pc of the votes. The remainder, about 20 pc, are retail, small shareholders holding 10-20 pc of the shares, which are most likely to not even attend the general meeting of shareholders”, the sources said.rnrn Farmache’s supporters include some brokerage firms. The current BVB chairman also has the vote of Greek banks, Alpha Bank and EFG Securities, at least. Stere Farmache has been first vice-president of Alpha bank Romania since 2009. The investment funds and other investors amassed some major stakes in BVB. Brokers say the bulk of those funds are endorsing Anghel.

Taguri:

Comentarii

Nu există comentarii pentru această știre.

Adauga un comentariu

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

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

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

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 posts 2022 net result of €3,674 million, dividend of €0.389 per share

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