Banking, Interviews

Social corporate responsibility – a new aspect of banking activity

Moldova Agroindbank has been recently conferred the title Best Social Impact Bank – Moldova 2017 by the London-based publication Capital Finance International (CFI). According to the CFI assessment committee, “Moldova Agroindbank conducts its business in line with corporate responsibility principles, … Read more

Banking, Interviews

BCR cleans up balance sheet, eyes better results in 2015

Banca Comerciala Romana (BCR), a member of Erste Group since 2006, is Romania’s largest financial group. Besides universal banking operations, including retail, corporate and investment banking, treasury and capital markets, the group also provides leasing and asset management services, among others. BCR’s network includes more than 560 retail units, over 2,100 ATMs and 13,500 POS terminals. Read more

Banking, Interviews

EBRD: Successful tackling of NPL levels will help boost lending in SEE

The European Bank for Reconstruction and Development (EBRD) raised its investments in Southeast Europe, a region that has remained particularly vulnerable to the effects of problems in the eurozone, to around 1.65 billion euro in 2013 from 1.5 billion euro in 2012. In 2013, EBRD investments remained strong in Turkey, totalling around 920 million euro. In the Western Balkans and Croatia, the EBRD invested a record 1.2 billion euro in more than 80 projects in 2013. Read more

Banking, Interviews

Fibank: More jolts in Bulgaria’s banking system unlikely in near future

First Investment Bank (Fibank) aspires to continue to be one of the best banks in Bulgaria, recognised as a rapidly growing, innovative, customer-oriented bank, offering outstanding products and services to its customers, ensuring excellent careers for its employees, and contributing to the community. Read more

Banking, Interviews

BSTDB to target multi-country projects, greater public sector engagement

The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. Its headquarters are in Thessaloniki, in Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The bank’s authorised capital is 3.45 billion euro. BSTDB is rated long-term “A-” by Standard and Poor’s and “A2” by Moody’s. Read more

Banking, Interviews

Romania’s BCR learns tough lessons in business, human resource management during crisis

Before being appointed BCR CEO, Bruynseels served as Senior Executive Director of Barclays’ Emerging Markets Division in Dubai. He has served the prestigious Barclays Bank for 27 years – over this period he gained an extensive professional experience following a variety of UK-based branch, regional and head office roles as well as international positions. Asked what is the business principle that he would never make a compromise with, Bruynseels answered: “Selling someone something I know they don’t need” Read more

Banking, Interviews

Hypo Group eyes leaner, more customer-centric business model

Hypo Alpe Adria was founded in Klagenfurt, Austria, in 1896. As at December 31, 2010 the group was present in 12 countries – Austria, Italy, Slovenia, Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Bulgaria, Macedonia, Germany, Hungary and the Ukraine. The Republic of Austria became the sole owner of Hypo Alpe Adria in December 2009 and the ownership structure remained unchanged in 2010. Read more