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Bancorex controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 1999

    Politically connected non-performing loans

    Bancorex failed after accumulating a very large volume of non-performing loans. Public accounts associated many of the losses with political corruption and informal political dealings, making the bank’s collapse a major governance scandal and a symbol of the weaknesses of Romania’s transition-era state banking system.

    Source