20 apr 2015

The number of home buying loans overshot the 300,000 mark, driven by the leu lending. The stock of leu-denominated mortgage loans tripled in one year to more than 10 billion lei (EUR2.3 billion). more

15 apr 2015

BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009. more

2 apr 2015

Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015 expects a more

18 mar 2015

Non-residents, mostly financial groups, had EUR5.7 billion placed in medium and long-term deposits at Romanian banks at the end of January, about EUR800 million less than in the same period a year more

5 mar 2015

The US dollar has gained 22% in the past year and overshot the 4 lei-mark on Wednesday for the first time ever, bringing unexpected profits to those who kept their savings in dollars and to the more

26 feb 2015

The cash in circulation reached an all-time high of 41 billion lei (more than EUR9 billion) last month, an increase of 16% on the same time last year. The growth in January alone stood at 2% or RON750 more

24 feb 2015

The seven local banks that issue contactless cards (which enable card holders to make small payments without having to pass the card through a POS or input the PIN) have reached more than 1.3 million more

20 feb 2015

Owners of cards issued by local banks in 2014 operated payments at retailers abroad worth 6.7 billion lei (EUR1.5 billion), up one fifth against 2013, according with BNR data. more

18 feb 2015

Owners of cards issued by local banks in 2014 operated payments at retailers worth 30 billion lei (EUR6.7 billion), up 16% from 2013, according with BNR. However, cash withdrawals from ATMs are still more

17 feb 2015

Foreigners, largely banking groups, at the end of 2014 held around EUR5.8 billion in medium and long-term deposits opened with local banks, 32% below the record high reached in 2011. In 2014 alone, more

29 ian 2015

The halving of the interest rates and the halt of the crisis impact on home prices are driving up residential property transactions, with statistics indicating a rise in sales of leu mortgage loans more

29 ian 2015

Banks in Romania had loans granted to individuals and companies worth around 212 billion lei (the equivalent of EUR47 billion) at the end of 2014, down RON7 billion against the end of 2013. The more

27 ian 2015

Banks, insurers and non-bank financial institutions held by foreign groups received capital injections of 2.4 billion lei (EUR536 million) in January-November 2014, according to Trade Registry data. more

23 ian 2015

The weight of leu-denominated loans has risen by 8% in the past two years, a period that saw a significant decline of leu interest rates and the withdrawal of foreign currency financing lines extended more

22 ian 2015

Checks and promissory notes worth almost 8 billion lei (EUR1.8 billion) bounced in 2014, down 20% from 2013, according with BNR data. more

15 ian 2015

Foreign investors, largely banking groups, had medium and long-term deposits opened with local banks worth EUR5.77 billion at the end of November, the lowest level since the spring of 2009. Against more

14 ian 2015

Banks will be able to grant more than 30,000 loans via the First Home scheme in 2015 if the government allocates a 2.5 billion lei (EUR557 million) cap as announced at the beginning of the year. This more

14 ian 2015

The number of individuals who were more than 30 days late in paying back loans contracted from banks and non-banking financial institutions climbed to 713,000 in late November 2014, meaning a leap of more

9 ian 2015

The Romanian currency fell by 32% against the euro in the past seven years, while overall inflation stood at 46% during the same period, with companies that operate exports and that have propped the more

7 ian 2015

Banks in Romania slowed down balance sheet cleanup at the end of last year, with the weight of bad loans stagnating at 15.3% of the total loan volume in October, according to BNR data. Against the more

6 ian 2015

The forex market in Bucharest ended last year with EUR363 billion traded volume, 6% lower than in 2013, due to the dwindling appetite of foreign investors for leu-denominated assets. The forex market more

23 dec 2014

Checks and promissory notes worth 807 million lei (EUR180 million) bounced last month, 55% above the level of the same period of last year, according to central bank data. The payments bounced as more

17 dec 2014

Foreigners, largely banking groups, had medium and long-term deposits opened with local banks worth EUR5.8 billion in late October, 10% below the level of the year-earlier period. October alone saw more

12 dec 2014

The local subsidiary of Volksbank, which Banca Transilvania (TLV.RO) acquired this week, posted more than 1.75 billion lei (about EUR400 million) losses in the last four years due to sour loan more

1 dec 2014

Starting today, December 1, 2014, all ZF articles will indicate revenue, profit, deal or other financial figure values primarily in lei. more