Arab Today, arab today romania\s banks lose 15bn to insolvent companies
Last Updated : GMT 16:19:21
Arab Today, arab today
Arab Today, arab today

Romania\'s banks lose $1.5bn to insolvent companies

Arab Today, arab today

Arab Today, arab today Romania\'s banks lose $1.5bn to insolvent companies

Bucharest - UPI

Banks in Romania have lost 5.2 billion lei (1.56 billion U.S. dollars) due to loans made to companies declared insolvent in the first three quarters in 2013, Risk Assessment Company Coface representatives told a news conference on Tuesday. "In the first nine months of 2013, as many as 18,321 companies became insolvent and accrued liabilities uncovered by the book value of assets are 13 billion lei compared to 8.5 billion lei (2.56 billion dollars) in the same period last year," said Constantin Coman, country manager of Coface Romania. "About 40 percent of the amount will be losses in creditor banks' balance sheets, already causing the increase in the non-performing loan ratio for companies by 4.5 percentage points," said Coman. Losses incurred by the private sector and the state will be at 7.8 billion lei or 60 percent of the total. Corporate insolvencies in the first nine months led to the loss of 77,000 jobs, down 1.8 percent compared to the same period in 2012 but 53 percent more than in 2011. About 60 percent of job losses are concentrated in five sectors, namely textiles, wearing apparel and footwear, construction, chemical manufacturing, metallurgy and other personal service activities.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today romania\s banks lose 15bn to insolvent companies Arab Today, arab today romania\s banks lose 15bn to insolvent companies

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today romania\s banks lose 15bn to insolvent companies Arab Today, arab today romania\s banks lose 15bn to insolvent companies

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday