Raiffeisen Bank

The National Authority for Consumer Protection (ANPC) has issued a fine to Raiffeisen Bank worth 100,000 RON (rd 20,280 euro) for incorrect commercial practices and decided to suspend the bank's activity regarding this behaviour, the first time such a measure was applied n Romania, as well as ordered it to return the illegally cashed commissions from customers, the ANPC informs.

Raiffeisen Bank proceeded to implement the ANPC (National Authority for Consumer Protection) order according to which the management fee could not be included in the interest margin for the restructuring of the loans, and after the restoration of the calculations, the bank will return to the clients any amounts collected in excess, the bank's representatives told AGERPRES.

A few days ago, however, another purchase was announced, so when the merger of Raiffeisen and Credit Agricole Bank is completed, there will be one bank less.
Considering the announcements, there will be more such transactions in the coming months, Novosti writes.

The Medium Term Notes (MTN) Programme provides a maximum debt of up to EUR 1.5 bn that could be issued in the international capital markets (with the possibility to be upsized in the future) without specifying a pre-determined time period for these issuances (multi-year).

AIK bank offered about 395 million euros, according to the daily newspaper, citing unofficial sources.

Vicepresident of the European Investment Bank (EIB), Andrew McDowell, stated on Thursday, in Bucharest, that the European Investment Bank Group is tripling its support for Romanian companies, from 500 million euro up to 1.38 billion euro.

Bulgarian high-tech company BIODIT wants to go out on the stock exchange. At an Extraordinary Shareholders Meeting on January 24th, it was decided that the company should prepare the documents for access to the Bulgarian Stock Exchange. BIODIT specializes in the development of the most advanced biometric access control and working time systems based on biometric identification.

Despite hopes of a new dawn for Iran's economy after nuclear-related sanctions were lifted, major Western banks are reluctant to do business with the Islamic republic for fear of U.S. retribution.

The Austrian Raiffeisen Bank has denied releasing financial statements relating to an account held by the Balkan Investigative Reporting Network, BIRN, to the Serbian daily tabloid newspaper Informer.

BELGRADE - The announced package of measures by the European Central Bank (ECB), which aims to encourage economic growth in the eurozone, will bring about a drop in interest rates for loans in Serbia, more affordable terms for loans the country takes out abroad and it will also exert a positive impact on the exchange rate, Chair of the Raiffeisen Bank Executive Board Zoran Petrovic stated.