millennium bcp - Business Review

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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 »

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OTP Bank Romania reports RON 34.7 million profit at the end of September 2014

Banking November 18, 2014 08:08 0 comments

OTP Bank Romania reported a profit of RON 34.7 million after taxes for the first nine months of the year. The result comes as the bank increased its net revenues from interests and lowered risk-associated…more »

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OTP Bank won’t sell Millennium bcp Romania license; waits for BNR approval for takeover

Finance October 09, 2014 17:17 0 comments

OTP Bank Romania will start the integration process with the local subsidiary of Portugal's Millennium bcp as soon as the Romanian central bank approves the takeover and doesn't plan to sell Millennium's license. "We will…more »

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Deal of the year? OTP buys Millennium Bank Romania for EUR 39 million

Banking July 30, 2014 19:01 0 comments

OTP Bank Romania, member of Hungarian group OTP, signed Wednesday the contract to acquire Millennium BCP in a deal worth EUR 39 million which includes shares and integration cost. The contract specifies that OTP will…more »

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OTP Bank to announce acquisition of Millennium BCP on Wednesday

Banking July 28, 2014 19:21 0 comments

OTP Bank could announce on Wednesday, July 30, the acquisition of Portuguese banking group Millennium BCP, as part of an "event of great importance for the Romanian banking sector", according to representatives of the Hungarian…more »

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Millennium Bank narrows 2013 loss to EUR 5.9 mln on higher banking income

Banking February 04, 2014 11:24 0 comments

Millennium Bank said on Tuesday its loss shrank in Romania last year to EUR 5.9 million from EUR 24.1 million in the previous year, backed by a higher banking income and lower costs. The lender,…more »

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Millennium Bank Romania loss narrows to EUR 6.5 mln in H1 on lower provisioning

Banking July 30, 2012 14:04 0 comments

The Romanian subsidiary of the Portuguese lender Millennium bcp registered a loss of EUR 6.5 million in the first semester from EUR 10.1 million in the same period of last year, driven by a reduction…more »

Millennium Bank reports 15.7 percent increase on loans volume in Q3

Banking November 03, 2011 15:47 0 comments

The Romanian subsidiary of the Portuguese Millennium bcp has improved its net income by 25 percent from a negative EUR 18.2 million in the first nine months of 2010 to a negative EUR 13.5 million…more »