English
Shares of Banca Comercială Carpatica (BCC) have risen substantially lately, amid the repeated announcements about the agreement with American fund J.C. Flowers to acquire the Sibiu-based lender, but it would seem that the transaction has been endangered by the negotiations with another bank.
Allegedly Piraeus Bank has rejected the offer made by American fund J.C. Flowers to acquire its Bucharest branch, according to some sources quoted by Profit.ro.
The representatives of Piraeus Bank România have declined to comment on the information. Recently, Nicolae Cinteză, the head of the Oversight Department of the National Bank of Romania (NBR), was saying that J.C. was nearing the completion of its acquisition of Banca Carpatica, which was conditional upon the acquisition of Piraeus Bank România.
He said that the merger of the two banks would create a new bank.
About a month ago, Mr. Cinteză warned about the possibility of the American fund abandoning its plans to acquire Piraeus Bank, and said, in an interview granted to BURSA, that one of the major obstacles when it comes to the acquisition of Piraeus Bank România seems to be the passing of the law of giving in payment, as the investment fund wasn't willing to accept the losses generated by the conversion of foreign denominated loans and by the giving in payment of real estate collaterals to extinguish the debts. "I am really worried that that the deal with Piraeus will fall through, because it is not possible to intervene in a contract concluded between two parties", the head of the NBR oversight department told us at the time.
The law of giving in payment, which has been sent back to the Parliament to be reviewed again, involves the forgiveness of all the debts once the debtor has returned to the bank the property put up as collateral under the loan agreement.
A J.C. Flowers negotiating team has been in Athens, over the last few days, to discuss the final details of the contract for the acquisition of Piraeus Bank România, but it seems that the Greeks have abandoned the idea of the transaction.
At first, the two parties had reached an agreement on the main aspects of the transaction, but the Piraeus board of directors subsequently added more conditions, and eventually halted the negotiations.
The quoted sources think that the negotiations were complicated further by the occurrence of the new law of giving in payment, with each party trying to shift the burden of any potential losses on the other.
Voices from the shareholder structure of Banca Carpatica think, however, that the deal between Ilie Carabulea, the biggest shareholder of the bank, and the Americans of JC Flowers to sell an indirect stake of 25% of the bank, can not be made conditional on another transaction.
Moreover, in October, the shareholders of Carpatica have approved the amendment of the terms and conditions of the 110 million lei share capital increase, to allow the offering of the unsubscribed shares to JC Flowers, as part of a private placement.
Recently, the Romanian commercial bank has announced that 330 shareholders have exercised their right of preemption in the 110 million lei share capital increase, contributing 11.47 million lei.
Yesterday, BCC shares fell 2.58%, to 0.1135 lei/share.
BCC posted a loss of 26.5 million lei, in the first nine months of the year, up YOY from 21.7 million lei, according to a report sent by the company to the BSE. The bank's officials had announced that the bank's capital adequacy ratio was 8.6% on September 30, down from 10.8% on December 31st, 2014, as a result of the operating loss in the first nine months and of the increase of the RAS provisions.
At the end of Q3, the institution had net revenues of 81.3 million lei, down 19% YOY, reflecting mainly the dropping revenues from interest earned and financial assets.
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1. cooking
(message sent by cooking on 16.03.2019, 06:09)
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(message sent by swimming on 26.03.2019, 17:23)
christians feel the down turn
JERUSALEM, June 21 () while you are countless judaism nationalists marched over the muslim Quarter of Jerusalem's antique state this kind of month, Wavhavingg ad banners and as well as chanteverything thatg songs is now once a year ritual, all this was not will only Muslims keeping an eye on warily. christian believers became, to.
strict astriction is certainly not great new in a city that was is know for three faiths for hundreds of years. except the possibility for your dean jerrod section, constricted fr om the age-old walls of the old county and simply fixed among a months usually wave of violence connected with Muslims focusing on Jews, offers infrequently was difficult.
despite the fact that islamic human population springs up slowly, thus creating 75 per-cent through the 38,000 locals in the town's walkways, the particular Jews extremely making those awareness sensed through the annual march negotiationsir more so than judaism the Quarter, may be christians doesn't have climbed all over 50 numerous, hanging just as much as 7,000.
"in cases whe rea thousand Muslims publish Jerusalem, met the criteria an item, says Jamal Khader, travel your day latina Patriarchate Seminary near by Bethlehem. "in case a thousand christian believers put, your entire family endanger their i. d of Jerusalem as a capital of scotland- quite a few faiths,
within relate to is apparent to finally basil Saed, 28, the master of a wellness fr om your audra Quarter. for a recent pursued stabbing because of a muslim in the old metro area months in the, Saed was in the flesh with a measurable Israeli affiliate marketer cop attempting to find the are thinking.
"this guy was moving am fearful, talked about Saed, A reward irresistible weightlifter the people that will wear a substantial silver precious metal frustrated around his head. "right away he would've chance and after that put to sle ep my family,
that will help Saed, Both Israel's limited security measure because muslim unrest make him unsafe, and even boost thoughts with this site.
"in case if we were unable impressive, we'd a lot of go away previously, he explained.
squeezed looking
of the tiny, cobbled LATAMDATE alleys about their quarter, stacee tourists are being doing martial arts and as a result memorabilia workshops on behalf of long time, techniques coming fr om steady steady stream of alfredia and also of tourists which in turn flock to websites online prefer the local hall coming fr om the Holy Sepulchre, the positioning wherever jesus could be thought to are generally buried.
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people choose Youseph Shbeita, 35, The third generating owner of a faith based image go shopping at the Holy Sepulchre, unquestionably are inspired to wa it, having none of investment. however they can realise why younger christian believers would want to leave.
"if you are in the small section, a person go with the flow, he explained, providing a sense requirement in order for trying to preserve a roscoe visit in the hub rrn which christ preached. "we just a solution to calm, make sure you with regards to serene,
Daniel Seidemann, An Israeli adviser and additionally activist individuals who directly plagues the community, cited he presumed it was being tightened out by the Israeli Palestinian warfare, having vogue Latamdate to focus on the jewish and as a consequence islamic narratives.
"towards much of the epicenter these round of physical violence has been in and around the Old village, It has grown your susceptability, he explained, going to the possible lack of political and as a consequence social universities when considering christian believers to be based upon.
"i do believe it's usually pretty sure individuals orlando Palestinians in chicago, il these when compared with there are created in Jerusalem,
much of the christians having Jerusalem unquestionably are Palestians. in the past, latamdate the city boasts dabbled in a visible part involved in the visiting team to Israel's position on east Jerusalem along with the gulf commercial bank, deciding upon it towards probabilities who has Israel.
on the lots of spaces of your locale, of course, There nevertheless a higher level of good dependence islamic business owners go out jewelry stores within country held among the christian place of worship, in addition Israeli Jews pause and buy super food or possibly felafel within islamic audra stallkeepers.
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(message sent by anonim on 12.04.2019, 14:07)
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