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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Swedish debt collection specialist enters Romanian market

Swedish bank Hoist Finance AB has decided to enter the Romanian banking market by opening a branch this September, Ziarul Financiar reported.

The bank is an expert in restructuring bad loans, something that might surface in significant amounts during the post-crisis period, including in Romania.

The registration procedures were concluded in March - shortly after the coronavirus pandemic reached Europe.

Hoist Finance AB Stockholm - Bucharest Branch has already been included in the central bank's register of credit institutions. The bank's registration date in this register is March 18, 2020.

"The branch intends to start the activity on September 1, 2020," according to a note in the BNR register about Hoist Finance Stockholm - Bucharest Branch.

Following the restructuring of debts in the banking sector after the 2008 financial crisis, Hoist Finance was involved in buying and restructuring non-performing loans from large banks in Europe.

In the years after the economic and financial crisis, Romanian banks also sold non-performing loans to international debt recovery specialists, such as APS, EOS KSI, Kruk, or Coface, to clean up their balance sheets.

(Photo: Lovelyday12/ Dreamstime)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Swedish debt collection specialist enters Romanian market

Swedish bank Hoist Finance AB has decided to enter the Romanian banking market by opening a branch this September, Ziarul Financiar reported.

The bank is an expert in restructuring bad loans, something that might surface in significant amounts during the post-crisis period, including in Romania.

The registration procedures were concluded in March - shortly after the coronavirus pandemic reached Europe.

Hoist Finance AB Stockholm - Bucharest Branch has already been included in the central bank's register of credit institutions. The bank's registration date in this register is March 18, 2020.

"The branch intends to start the activity on September 1, 2020," according to a note in the BNR register about Hoist Finance Stockholm - Bucharest Branch.

Following the restructuring of debts in the banking sector after the 2008 financial crisis, Hoist Finance was involved in buying and restructuring non-performing loans from large banks in Europe.

In the years after the economic and financial crisis, Romanian banks also sold non-performing loans to international debt recovery specialists, such as APS, EOS KSI, Kruk, or Coface, to clean up their balance sheets.

(Photo: Lovelyday12/ Dreamstime)

[email protected]

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