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Court ruling: Carpatica Asigurari enters bankruptcy

News March 25, 2017 08:00 0 comments

Carpatica Asigurari will enter bankruptcy after a Romanian court ruling. The guarantee fund will start processing the over 16,300 compensations requests. Each creditor can request a compensation of up to RON 450,000, the fund announced.…more »

Carpatica owner gets re-arrested

Legal May 09, 2015 16:43 0 comments

Judges at the Bucharest Court of Appeal upheld on Friday the National Anticorruption Directorate (DNA) prosecutors’ request to replace the measure of judicial control with preventive arrest for 30 days, in the case of businessman…more »

Carpatica swings to profit in Q1

Banking May 08, 2015 13:31 0 comments

Banca Comerciala Carpatica (BCC) ended the first quarter on profit, with a result of approximately RON 0.65 million (EUR 0.15 million), compared to a loss of nearly RON 1 million (EUR 0.22 million) in the…more »

The Year in Review: Banking, Finance and Insurance

Banking December 23, 2014 10:44 0 comments

Announcements of two acquisitions are reshaping the local banking sector, while the EBRD’s acquisition of an equity stake in the Bucharest Stock Exchange is giving new impetus to the development of the local capital markets.…more »

Carpatica Bank looking for a merger partner

Banking April 30, 2014 08:50 0 comments

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. "We must mention…more »

Ruşanu, Carabulea, Marzac,indicted in Carpatica file

Insurance April 25, 2014 16:39 0 comments

Former ASF president, Dan Radu Rusanu, business-man Ilie Carabulea and Marian Marzac, former member of ASF's board, were indicted for their involvement in the "Carpatica File" and are charged with acts of corruption. Ilie Carabulea,…more »