Monday, June 23, 2008

The article "Picks for Banking Bloodbath" praises Banca Transilvania. Where is the financial firm based?


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The article "Picks for Banking Bloodbath" praises Banca Transilvania. Where is the financial firm based? Answer: Cluj

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Picks for Banking Bloodbath: Banca Transilvania

Banking stocks may be plummeting all over the world, but some banks in Central and Eastern European countries are still attractive because of the good growth opportunities in the under-banked region, analysts from Austrian bank Erste wrote in a report on Friday.

Romanian growth play Banca Transilvania, headquartered in the Transylvanian city of Cluj, is among those recommended by Erste Bank analysts, as well as Bucharest-based BRD-Societe Generale, "one of the most profitable banks in CEE."