06.01.2012

Romanian foreign exchange reserves fell to EUR33.5 billion in May from EUR34.3 billion a month earlier, central bank data showed Friday. more

05.31.2012

Romania is exposed to the risk of contagion with the Greek banking market, including through the over EUR4 billion financing lines with Greek banks, which can become uncertain, but the Romanian more

05.30.2012

Almost four years since the crash of the Lehman Brothers bank, the officially recognized milestone that marks the start of the most serious financial and economic crisis of the last eighty years, a more

05.24.2012

Greek-held banks in Romania have a solvency ratio that is two percentage points above the banking system average, their obligations are well covered in cash and government paper and the shareholders more

05.21.2012

The fast, excessive and erratic reduction of lending by euro zone banks on the local market is the greatest risk threatening Romania, the central bank (BNR) believes, as a consequence of the more

05.18.2012

The depreciation of the Romanian leu is helping exporters and encourages lending in local currency, but it is also boosting non-performing loans and increases people’s fears, which will impact more

05.02.2012

The Romanian central bank (BNR) Wednesday kept its key rate unchanged at a record low of 5.25% a year, as political uncertainty following the government’s fall last week ended a monetary easing more

04.26.2012

Romanian private lending inched up 0.5% in real terms to 224.3 billion lei (EUR51.2 billion) in March from a month earlier, central bank data showed Thursday. more

04.26.2012

The Romanian central bank's plan for coping with problems in the banking sector is almost ready. The measures go from the transfer of assets from ailing banks to healthy banks, up to the setting up of more

04.12.2012

Romanian foreign direct investment, or FDI, fell to EUR253 million in the first two months of 2012 from EUR325 million in the same month a year before, the central bank said Thursday. more

04.12.2012

Romania's current account deficit widened to EUR663 million in the first two months from EUR251 million in the same period of 2011, due mainly to the doubling of the trade gap, central bank data more

03.29.2012

Romania’s central bank reported a pretax profit of 301.4 million lei (EUR70 million) in 2011, according to unaudited financial data, almost five times lower than the previous’ year’s result. more

03.29.2012

Romania’s central bank (BNR) Thursday cut its key monetary policy rate by 25 basis points for the fourth consecutive time to a record low of 5.25% a year, amid a falling inflation and subdued more

03.29.2012

Back when the previous stand-by arrangement was in place, IMF experts proposed the creation of a bad bank, which would manage ailing assets in the form of non-performing loans in the banking system. more

03.15.2012

Now that consumer loans come with heavy restrictions imposed by Romania’s central bank, banks are turning to credit cards, unaffected by the new lending rules. more

02.28.2012

The National Bank of Romania (BNR) has won the lawsuits filed against it in 2010 by Gerald Schreiner and Herwig Burgstaller, former managers of lender Volksbank Romania. more

02.27.2012

Bankers pumped another 5 billion lei (EUR1.15 billion) into the state’s coffers in January by buying government securities, while private-sector loans in local currency fell by EUR1 billion. Figures more

02.27.2012

Romanian central bank BNR has eased the minimum reserve requirements for banks, a measure that could release liquidity into the market, especially foreign-currency. more

02.23.2012

Bogdan Olteanu, deputy governor of the Romanian central bank, took over at the end of January as president of the Court of International Commercial Arbitration attached to Romania’s Chamber of more

02.06.2012

The three consecutive cuts of the key monetary policy rate from 6.25% to 5.5% made by the central bank since November last year and the constant liquidity boosts through repurchase agreements (lending more

02.06.2012

Romania's central bank (BNR) has managed, by easing its monetary policy, to make loans cheaper in December than in previous months, but interest rates are still above the level recorded at the end of more

02.03.2012

The central bank has cut the key rate by 0.75 percentage points since November, to 5.5% but a number of banks like BCR, Raiffeisen, Emporiki and Garanti did the exact opposite not long ago when they more

01.06.2012

Analysts welcome Romania’s central bank (BNR) decision to cut the main interest from 6% to 5.75%, considering the downward trend of inflation and the risks about an economic growth slowdown in 2012. more

12.27.2011

Romania's central bank (BNR) Tuesday pumped 6.71 billion lei (around EUR2 billion) into the market in an eight-day repurchase agreement operation at an interest rate of 6% a year, equal to the more

12.21.2011

Romania is facing a strong credit crisis, as well as prospects of banks that are part of foreign groups limiting their funding even further, so it has no excuses for postponing the construction of a more