Citibank Romania won the prizes for “Best Corporate/ Institutional Internet Bank” and “Best Consumer Internet Bank” in Romania in Global Finance magazine’s “World’s Best Internet Banks 2011” competition. This is the seventh consecutive year when Citibank Romania is being awarded Global Finance banking prizes.rnrnAfter a selection process among entries made by an independent panel of judges and the final selection made by Global Finance editors, Citi won a total of 56 awards across Europe, Middle East and Africa (EMEA).rnrn“In less than a decade, the Internet has transformed the way many consumers and most businesses bank. The continuing improvements in Internet offerings represented by this year’s entries show that more significant Internet banking developments are still ahead of us”, Joseph D. Giarraputo, Publisher of Global Finance, said.rnrnThe winners were chosen based on their strength for attracting and servicing online customers, success in getting clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web design functionality.rnrn“This year’s result in Global Finance competition is once again a gratifying recognition of Citibank’s culture of innovation. Our continued focus on client service and the investment in technology and best-in-class systems enable us to design innovative solutions that meet our customers’ evolving banking needs”, Tibor Pandi, General Manager of Citibank Romania, said.
Nu există comentarii pentru această știre.
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
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
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