15 aug 2019

Bank of China, one of the largest banks in the world, held by the Chinese government, is opening an office in Romania, having started a personnel recruitment process lately. The bank is looking for more

10 iul 2019

The Finance Ministry on Tuesday borrowed EUR2 billion at its second round on the international financial markets this year, EUR1.4 billion maturing in 12 years and EUR600 million by reopening the more

4 iul 2019

The turmoil on the local banking market has lessened, and bankers are optimistic about its future trend and expect growth in business, lower interests and inflation and a stability of the leu against more

3 iul 2019

The bank of the future will probably be a mix of traditional and digital, the face-to-face interaction of bankers with customers will go hand in hand with artificial intelligence. Competition with more

24 iun 2019

The acquisition of 99.28% in Banca Romaneasca by Eximbank from National Bank of Greece announced on Thursday night is an about EUR310 million deal, financial market sources say, EUR60 million of which more

13 iun 2019

Romanians remained net creditors of the banking system (in lei and foreign currency) in the first quarter of 2019, and the upward trend continues, as the total lending went up moderately and consumers more

7 iun 2019

Romanian households’ net wealth reached 2,023 billion lei (about EUR435 billion) at the end of last year, with real estate assets accounting for most of it, 78%, the latest data from Romania’s more

17 mai 2019

The largest five actors on the Romanian banking market, Banca Transilvania, BCR, BRD-SocGen, UniCredit and Raiffeisen Bank remained profitable in the first quarter of 2019, and their cumulated profit more

16 apr 2019

Austria’s Raiffeisen group has renewed Steven van Groningen term in office as president and CEO of Raiffeisen Bank Romania until 2023. Steven van Groningen, 60, has been running Raiffeisen Bank more

3 apr 2019

The private banking unit of Raiffeisen Bank, a top five bank in Romania, has 1,500 clients and manages more than EUR1.2 billion assets in the country, the bank told ZF. more

1 apr 2019

The profit of the three most profitable banks – BRD, Banca Transilvania and BCR taken together, which are also the largest local banks by assets, accounted for almost 60% of the entire system’s more

13 feb 2019

The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an outstanding profit last year, more than 7 billion lei (EUR1.5 billion), more

7 feb 2019

The tax on profits commercial banks paid and the transfers from the net revenue of Romania’s central bank reached 1.84 billion lei (EUR388 million) in 2018, up about 80.8% over 2017, the 2019 budget more

1 feb 2019

Local banks had a high lending margin (the difference between the interest on new loans and on leu deposits) for retail customers of 6% to 7% in 2018. more

21 ian 2019

In an unprecedented move, the banks in Romania through their leaders warned the government that Ordinance 114 introducing the bank tax will generate economic crisis in Romania and cause a decline in more

16 ian 2019

The Finance Ministry has a new measure in store that will impact the banking system: provisions will no longer be tax-deductible unless there is a loan or financial-asset loss. more

21 dec 2018

Record profitability, continued consolidation and restructuring, improvement of portfolio quality following sales of nonperforming loans, and lending rebound. 2018 came with a new inflation rise, as more

14 dec 2018

Each Romanian has a net wealth of more than EUR21,000 and the indebtedness per person stands at almost EUR1,610, Romania’s central bank shows in its latest Financial Stability Report. more

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