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Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
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Name : |
BANK LEUMI ROMANIA S.A. |
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Registered Office : |
B-dul Aviatorilor nr. 45 Sector 1 Bucharest, 011853 |
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Country : |
Romania |
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Date of Incorporation : |
1991 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Provision of commercial, retail and private banking
services and products |
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No. of Employees |
358 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Romania |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
ROMANIA ECONOMIC OVERVIEW
Romania, which joined the EU on 1 January 2007, began the transition from Communism in 1989 with a largely obsolete industrial base and a pattern of output unsuited to the country's needs. The country emerged in 2000 from a punishing three-year recession due to strong demand in EU export markets. Domestic consumption and investment fueled strong GDP growth, but led to large current account imbalances. Romania's macroeconomic gains have only recently started to spur creation of a middle class and to address Romania's widespread poverty. Corruption and red tape continue to permeate the business environment. As a result of the global financial crisis, Romania signed on to a $26 billion emergency assistance package from the IMF, the EU, and other international lenders. GDP contracted from 2009 to 2011. In March 2011, Romania and the IMF/EU/World Bank signed a 24-month precautionary stand-by agreement, worth $6.6 billion, to promote fiscal discipline, encourage progress on structural reforms, and strengthen financial sector stability. In September 2013, the Romanian authorities and the IMF/EU agreed to a follow-on stand-by agreement, worth $5.4 billion, to continue with reforms, although Bucharest announced that it does not intend to draw funds under the agreement. Economic growth accelerated in 2013, driven by strong industrial exports and an excellent agricultural harvest; in December 2013 inflation dropped to a historical low annual rate of 1.6%; and the current account deficit was reduced substantially. Yet, progress on structural reforms is uneven and the economy still is vulnerable to shocks
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Source
: CIA |
BANK LEUMI ROMANIA
S.A.
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Provision of commercial, retail and private banking services and products |
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
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1 - Profit & Loss Item Exchange Rate: USD 1 = ROL
2 - Balance Sheet Item Exchange Rate: USD 1 = ROL
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IndustryCodes |
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Business Description |
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Financial Data
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Key Corporate Relationships
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|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Tel Aviv-Yafo |
Israel |
Banking |
3,567.1 |
13,004 |
|
|
Subsidiary |
Tel Aviv |
Israel |
Banking |
535 |
||
|
Subsidiary |
Nesher |
Israel |
Banking |
465 |
||
|
Subsidiary |
New York, NY |
United States |
Banking |
447 |
||
|
Branch |
Beverly Hills, CA |
United States |
Banking |
37 |
||
|
Branch |
New York, NY |
United States |
Banking |
10 |
||
|
Branch |
Boston, MA |
United States |
Banking |
10 |
||
|
Branch |
New York, NY |
United States |
Banking |
10 |
||
|
Branch |
Bronx, NY |
United States |
Banking |
10 |
||
|
Branch |
East Palo Alto, CA |
United States |
Banking |
9 |
||
|
Branch |
Los Angeles, CA |
United States |
Banking |
9 |
||
|
Branch |
New York City, NY |
United States |
Banking |
6.5 |
7 |
|
|
Subsidiary |
New York, NY |
United States |
Investment Services |
0.3 |
7 |
|
|
Branch |
New York, NY |
United States |
Banking |
7 |
||
|
Branch |
New York, NY |
United States |
Banking |
6 |
||
|
Branch |
Encino, CA |
United States |
Banking |
5 |
||
|
Subsidiary |
New York, NY |
United States |
Banking |
1 |
||
|
Subsidiary |
Bucharest |
Romania |
Banking |
358 |
||
|
Subsidiary |
London |
United Kingdom |
Banking |
213 |
||
|
Subsidiary |
Brighton |
United Kingdom |
Banking |
19.4 |
39 |
|
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Subsidiary |
Saint Helier |
United Kingdom |
Banking |
20 |
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|
Subsidiary |
London |
United Kingdom |
Banking |
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Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
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Subsidiary |
Zürich |
Switzerland |
Banking |
130 |
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Subsidiary |
Tel Aviv-Jaffa |
Israel |
Miscellaneous Professional Services |
110 |
||
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Subsidiary |
Tel Aviv |
Israel |
Banking |
40 |
||
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Subsidiary |
Saint Helier |
United Kingdom |
Investment Services |
40 |
||
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Subsidiary |
Tel Aviv |
Israel |
Banking |
35 |
||
|
Subsidiary |
Senningerberg |
Luxembourg |
Banking |
25 |
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Subsidiary |
Aventura, FL |
United States |
Banking |
20 |
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Subsidiary |
Tel Aviv |
Israel |
Investment Services |
20 |
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Subsidiary |
Petah Tikva |
Israel |
Holding Companies |
173.0 |
150 |
|
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Subsidiary |
Ashkelon |
Israel |
Residential and Commercial Building Construction |
44.8 |
57 |
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Subsidiary |
Montevideo |
Uruguay |
Banking |
18 |
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Subsidiary |
Tel Aviv |
Israel |
Banking |
10 |
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Subsidiary |
Tel Aviv-Jaffa |
Israel |
Real Estate Agents and Brokers |
28.2 |
7 |
|
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Subsidiary |
Tel Aviv |
Israel |
Banking |
5 |
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Subsidiary |
London |
United Kingdom |
Banking |
|||
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Subsidiary |
Tel Aviv |
Israel |
Banking |
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Subsidiary |
Tel Aviv |
Israel |
Securities |
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Bank
Leumi Romania net profit plumments over 84%- |
29-Apr-2014 |
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Bank
Leumi Romania net profit drops 85% in 2013 |
25-Apr-2014 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.60.20 |
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|
1 |
Rs.101.68 |
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Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.