23 feb 2017

The restructuring of the banking system continued last year, when 149 branches and offices were closed and 532 employees left the system, Romania’s central bank statistics show. more

20 feb 2017

Romania’s banking system posted 4.3 billion lei (EUR951.5 million) net profit in 2016, the second highest annual profit since the onset of the economic crisis. more

14 feb 2017

French executive François Bloch, who took the reins of BRD-SocGen, the second largest bank in Romania, expects consolidation of the Romanian banking system to continue because there are too many more

7 feb 2017

The foreign portfolio investment in Romanian government paper fell to 21.2 billion lei (EUR4.7 billion) towards the end of last year and non-residents’ share of domestic public debt fell to 16.8% in more

25 ian 2017

A number of 27,435 individuals had deposits of more than EUR100,000 worth a total of 28.2 billion lei (EUR6.3 billion) last year, the latest 2016 data of the Bank Deposit Guarantee Fund show. more

5 ian 2017

Alpha Bank, the largest Greek-held lender in Romania, has made organic growth its priority strategy, and will focus on a certain profitability robustness and a very good control of expenses, after more

30 dec 2016

The year 2016 was a year when the banking sector saw total lending stay in positive territory, record profit and asset levels, continued consolidation and restructuring, clarification of controversial more

12 dec 2016

Banca Transilvania has reached an almost 13% market share this year and aims to further increase it to 13.5% - 14% next year. It will also continue to look at the banks up for sale on the market, more

7 dec 2016

The banks in Romania are among the most profitable lenders in Europe, after having cleaned up most of their non-performing loans, ranking third after banks in Bulgaria and Hungary. more

30 nov 2016

More than two thirds of the lenders in Romania posted profit in January-September, an improvement on the year-ago period, and on the end of 2015. more

29 nov 2016

The restructuring of the banking system continued in the first nine months of 2016, with 90 bank branches closed and 132 people leaving the system, according to Romania’s central bank data. more

23 nov 2016

Banks in Romania posted 3.65 billion lei (about EUR810 million) net profit in January-September, 1.7 times higher than in the year-ago period. Their assets reached RONB378 billion in September, more

15 nov 2016

Non-residents’ long-term deposits in local banks, mostly lines of credit from shareholders, stood at EUR4 billion in September, down about EUR1 billion on the year-ago month and half the 2011 peak. more

14 oct 2016

Romania’s central bank (BNR) says that the conversion of the Swiss franc loans at the historical exchange rate could drive the solvency of two banks under the minimum requirement, and in all six more

11 oct 2016

The macroeconomic environment is more challenging for the banking industry, globally and in particular in Europe, as economies are growing slowly and there are also negative interest rates in many more

22 sep 2016

French executive Philippe Lhotte, who took the reins of BRD-SocGen in the fall of 2012 and is now preparing to turn the bank over to new the chief executive announced François Bloch, expects to see more

19 sep 2016

If the reference auto liability insurance (RCA) price is not high enough, any scenario (about Allianz-Tiriac’s presence on this segment i.e.) is possible, says the new chief executive officer of the more

15 sep 2016

BCR clearly stood out as the profit leader on the local banking market in the first half, followed by Banca Transilvania and BRD-SocGen. Next in the ranking were ING Bank, UniCredit and Raiffeisen. more

1 sep 2016

Dutch ING Group will continue to invest in the organic development of its local branch, now ranking seventh in the Romanian banking system, and seeks to reach 10% market share. more

22 aug 2016

Romania’s banking system posted about 2.4 billion lei (EUR537 million) net profit in the first half so the profit may come close or even be higher than in the last year of economic boom, 2008, when more

17 aug 2016

BCR, BRD-SocGen and Banca Transilvania, the three largest lenders in Romania, posted about 1.5 billion lei (EUR330 million) profit together in the first half, an increase of 50% on the year-ago more

15 aug 2016

Banca Transilvania (TLV.RO), the third largest bank in Romania by assets, saw an almost 50% rise in operating income in the first half, largely because of the interest income and posted 458.3 million more

30 iun 2016

Local banks need to speed up restructuring as the lack of efficiency is causing an unbelievably high waste of money, bankers and consultants attending ZF Bankers Summit’16 on Wednesday said. more

22 iun 2016

Banca Transilvania, the third largest lender in Romania, stood out as the most profitable last year, following the takeover of Volksbank. Profit per employee amounted to more than 350,000 lei more

7 iun 2016

The five largest banks in Romania by territorial networks account for about 70% of the total offices and branches in the system. more