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Austrian Credit Exposure
As photographer I know exactly what exposure means. It is the amount of light that hits the film or sensor in the camera. It is adjusted by increasing or decreasing the time of exposure and/or the...
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Look Ahead, Get Ahead
Running is a very efficient way to get some exercise. You can do it almost everywhere and it doesn’t cost a lot. We do most of our running around Herastrau lake, a lap of about 5 km. When we first...
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Performance Against Budget Or Market
When I still was an athlete (about me) it was easy to measure performance. When you were first at the finish that meant you won. The first gets a gold medal, the second a silver one and the third a...
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If My Dog Could Speak
In general dogs are pretty stupid but our dog is – of course – really smart. That is what most people say about their own dogs. The truth is that all dogs are rather stupid but most of them are very...
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Big Amount Does Not Equal Big Profit
I like sports and often keep track of my performance. The other day I participated in an event that took me 4:20 hours to finish. Is this good ? Of course you wouldn’t be able to answer because you...
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No Guns, No Dogs, No Naked Men
When I was working as a consultant in the Netherlands many years ago, one of my clients was a small bank. You knew they did things differently the moment you stood in front of the elegant facade. On...
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Government Wish List
When I was a little boy in the Netherlands I used to make a wish list for Saint Nicholas. (In Dutch Sint Nicolaas or Sinterklaas, also Americanized to Santa Claus, but that is a different story). In...
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10 Things I Learned From Being A World Class Athlete
Many years ago I was a successful athlete. I participated in two World Championships and the 1984 Olympic Games. Today I am a successful CEO. You can find more about me here. Sometimes I am asked...
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Fasting
I wanted to write about the cost of fraud in the banking system but because I have taken the rest of the year off, I decided to pick something that is totally unrelated to work, namely fasting. Before...
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Romanian Non Performing Loan Levels Are Inflated
Non Performing Loans (NPLs) are loans that have payment delays of more than 90 days. NPL’s lead to provisions and to credit losses. That is why the level of NPLs, expressed as percentage of total...
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Back on the Road
Comebacks are risky and, more often than not, they refer to ambition rather than achievement. After 18 months of absence, my ambition is to post at least twice a month on my blog again. I hope this...
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Should I Stay or Should I Go?
“Should I Stay or Should I Go?” is the title of a song made famous by the British rock band The Clash in the early eighties. I remembered the title of the song and looked up the lyrics the other day....
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Money for Nothing (and Cheques for Free?)
“Money for nothing” is the title of a song made famous by Dire Straits when I was young (we are talking 80’s here). The song refers to the easy way a rockstar makes his money compared to other...
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Datio in Solutum (1). Avansul
Datio in Solutum este un termen legal provenind din limba latina. Inseamna “a da in plata” si se refera la situatia in care cineva care are dificultati financiare si datorii ofera ceva ce detine in...
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Datio in Solutum (1). Down Payments
Datio in Solutum is a Latin legal term. It means “giving in payment” and it refers to the situation in which someone with financial difficulties and debts gives something else he owns instead of money...
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Datio in Solutum (2). Competitia
Recent, un post de televiziune mi-a cerut sa confirm ca, anticipand legea Darii in Plata, am crescut avansul pentru creditele garantate cu ipoteca de la 15% la 35% (respectiv 40% pentru euro). Am...
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Datio in Solutum (2). Competition
Recently I was asked by a television station to confirm that we, in anticipation of the Darea in Plata law, had increased the down payment for our standard mortgage loans from 15% to 35% (40% in EUR)....
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Da, am fost si eu in piata
Martea trecuta, seara, ma suna unul dintre copiii mei. “Tata! Ai auzit?” Si imi povesteste despre ordonante. ”Mergem in piata! Veniti si voi?” Era tarziu si am lasat copiii sa se duca singuri....
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