about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

STOICA & Associates conference: restructuring the banking system, from NPL's to full credit recovery

2013-05-21 14:06:22

1 Photos
Starting with Bear Sterns and Lehman Brothers, expanding in Europe and the entire world and still continuing to make victims after more than five years - as recently showed for Cyprus, the global financial system crisis seems to be quite far from a final settlement.

In a fully globalized world and in the era of information society, Romania could not be shunned by the systemic effects of this economic and credit crisis. Romanian financial system is facing perhaps the greatest challenges in its history and is fighting to overcome them with minimal "collateral damages".

In this context, STOICA & Associates law firm organized in partnership with Ziarul Financiar on Tuesday, May 14 at the Marriott Hotel in Bucharest, the conference "The banking system: between the restructuring of non-performing loans and credit recovery", where the invited speakers delivered an in-depth analysis of the current situation of the Romanian banking system and touched upon the measures that have to be taken in order to strengthen it.

Gordon W. JOHNSON, President of EM Advisors LLC, Washington DC, US, Jurgen Kristiaan de Ruijter, Director Division of Rehabilitation and Restructuring, BCR - Erste Group, Bucharest, Milo STEVANOVICH, IFC Program Manager for Middle East and North Africa, Cairo, Egypt, Steven van GRONINGEN, former President of the Foreign Investors Council, Romania, Marieta AVRAM, Senior Partner at STOICA & Associates and Catalin PAUNA, Senior Economist, World Bank Office in Romania were the speakers answering the questions with regard to the measures that could be taken to bolster Romanian banking system, and regarding the legislative hurdles to be removed in order to upstream the necessary structural reforms.

During the two sessions of the conference brilliantly moderated by Mr. Valeriu Stoica, Founding Partner at STOICA & Associates, the speakers analyzed the situation of Romanian banking system in the international and European financial context and addressed, among others, current trends regarding the management of non-performing loans, the practical aspects from implementing restructuring process. It also discussed the situation of the Romanian economy and exploring opportunities for private investment in certain sectors as an important element of sustainable economic growth.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  29545 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

1 Comment

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

1 Comment

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...

1 Comment

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

1 Comment

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...