28 nov 2018

First Bank (formerly Piraeus Bank) that US private equity firm J.C. Flowers & Co bought has officially entered the American age. The bank inaugurated its first branch under the new brand identity on more

20 nov 2018

The lending rebound, the interest hikes and the improvement of portfolio quality helped the banking system in Romania post a record net profit of 5.74 billion lei (more than EUR1.2 billion), according more

15 oct 2018

Supporting the Romanian economy by providing funding to companies and digitalization remain the priorities of Banca Transilvania, which will continue investments in going digital, innovation and more

4 oct 2018

Romania’s central bank is in no hurry to give banks cash by cutting minimum mandatory leu reserves, since it does not know whether the shortage of cash on the local interbank market will last, more

25 sep 2018

Romania’s central bank on Monday gave banks 6.5 billion lei (EUR1.39 billion) in the sixth repurchasing agreement operation this year expected by analysts. The resumption of the repo auctions comes more

13 sep 2018

The foreign loans companies got from foreign financial institutions and parent companies increased by about 40% in the past decade, reaching EUR36.7 billion at the end of 2017. Funding from parent more

7 sep 2018

Banks own almost half of the internal public debt of Romania, while private pension funds about one fifth of it, Finance Ministry data show. more

31 aug 2018

The restructuring of the banking system continued in the first half of 2018, so banks in Romania ended June with 4,529 branches and offices, 146 fewer than at the end of the first half of 2017. more

29 aug 2018

Romania’s banking system made 3.56 billion lei (EUR766 million) net profit in the first half, following an increase in lending and interests and an improvement in portfolio quality, as the lenders more

13 aug 2018

Banca Transilvania, the second-largest lender by assets on the Romanian market, posted RON662.7 million (EUR142 million) net profit in the first half, up almost 34% on the year-ago period. more

6 iul 2018

The lending model of the banks in Romania, which focuses on retail and real estate, limits “healthy, durable and balanced” growth of lending, considering all the signs pointing towards an more

5 iul 2018

Too complicated flows of operations, excessive red tape, superficial approach of potential customers, are the main weaknesses of the local banks, the participants to the first day of the ZF Bankers more

2 iul 2018

The top ten ranking of the banking market in Romania saw two significant changes last year, though no new names climbed into it. more

22 iun 2018

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19 iun 2018

Romanians have an average net wealth of some EUR20,000, about six times lower than a European living in the eurozone, while debt per person stands at almost EUR1,600, Romania’s central bank more

7 iun 2018

Romania is an important country to pan-European banking group UniCredit, and the strategy in Romania and the Central and Eastern Europe for the coming period is based on an organic growth scenario, more

21 mai 2018

The largest local banking groups posted 25% to more than 120% higher net profit in the first quarter compared with the year-ago period, while overall lending increased by 6% and the economic growth more

9 mai 2018

The raise of the key rate three times this year to 2.5% and the upward inflation trend are not pressuring bankers to raise deposit interests. Some large banks are keeping interests for leu deposits at more

20 mar 2018

BRD-SocGen became the leading lender in Romania by profit, beating Banca Transilvania, which ranked second, while the largest bank on the market by assets, BCR, ranked third. more

22 feb 2018

More than three quarters of the lenders in Romania, 28 banks, ended last year in the black, while seven were in the red, Romania’s central bank data show. more

19 feb 2018

Romania’s banking system posted about 5.6 billion lei (some EUR1.2 billion) net profit in 2017 and assets increased to a peak of RON427.4 billion (EUR94 billion), driven by the rise in lending, more

1 feb 2018

The year 2018 is another volatile year in terms of the government’s financial needs, with an uneven distribution thereof, payment peaks of 7 to 8 billion lei (EUR1.5 billion to EUR1.7 billion) and more

24 ian 2018

Companies and consumers increased their savings in banks from 274 billion lei (EUR59 billion) at the end of 2016 to RON303 billion in 2017, while the loan volume was slower to rise, going from RON220 more

15 ian 2018

Banks paid 641.5 million lei (EUR138 million) corporate tax in 2017, double as much as budgeted for last year and as paid in 2016. The banks’ corporate tax in 2017 was the highest in seven years. more

20 dec 2017

The still moderate lending pace and a greater interest in savings have allowed Romanian households to remain the net creditor of the banks in the first nine months, as deposits were almost 42 billion more