1 feb 2016

Monetary policy should support access to finance for businesses, especially SMEs outside Bucharest, and private customers to put growth on a wider and more diversified basis, says Sir Suma more

19 ian 2016

Consolidation of the Romanian banking sector will continue and the number of banks may halve. It will not happen in one or two years, though, it will take longer than that, says Mihaela Bitu, deputy more

14 ian 2016

The leu/euro exchange rate should remain stable this year, with a clear trend to gain ground against the euro, as Romania’s central bank might pursue a more predictable policy and less volatile more

5 ian 2016

Most analysts expect Romania’s central bank (BNR) to keep the key rate at the all-time low of 1.75% this year, but signs of economy overheating and inflation returning to positive territory might more

24 dec 2015

BCR, the largest local bank, has sold a set of non-performing corporate loans with a face value of EUR1.2 billion to a consortium comprised of Deutsche Bank, IFC and APS. This is the largest NPL deal more

23 dec 2015

Four large debt collectors, APS (Czech Republic), KRUK (Poland), Kredyt Inkaso (Poland) and EOS (Germany) reached an almost EUR6 billion non-performing loan portfolio at the end this year, which they more

21 dec 2015

Polish-held Kredyt Inkaso bought a EUR340 million set of non-performing loans from UniCredit Romania for which it is to pay EUR28 million. This is the largest deal involving NPL this year. more

9 dec 2015

ING Bank intends to continue its organic development strategy over the coming period, since growth drivers still exist, but does not rule out potential acquisitions or consolidation opportunities, more

27 nov 2015

The five largest banks in Romania managed over 200 billion lei (EUR45 billion) assets at the end of September, more than half of the total assets in the system (almost RON360 billion). more

25 nov 2015

Leu-denominated loans to consumers and companies peaked at almost 109 billion lei (EUR24.5 billion) at the end of October, an increase of about 17% on the year-ago period, largely because on the rise more

7 oct 2015

Romania’s central bank believes there are about 10,000 sound companies, selected by profitability and investment criteria, which have a low indebtedness level and could sustain significant lending more

6 oct 2015

International Finance Corporation (IFC), a member of the World Bank Group, has invested a total $450 million in projects in the Romanian financial sector between 2008-2015, representing half of the more

5 oct 2015

The integration of Volksbank into Banca Transilvania (TLV.RO) has reached the IT platform integration testing and simulation phase, and those in charge of the transition are preparing for the final more

29 sep 2015

Almost ten years from the boom of the easy loans where applicants were only required a valid ID to be able to borrow money, banks are trying again to lure customers with fast consumer loans that do more

23 sep 2015

Eurobank, the Greek group that owns lender Bancpost and consumer finance company Eurobank Retail Services, is getting ready to put up for sale a set of non-performing loans of about half a billion more

21 sep 2015

Romania’s central bank (BNR) encourages the consolidation of the local banking system because the number of existing lenders is too high for the business the economy, companies and individuals can more

15 sep 2015

Romania has two high earners in the banking business, who make more than EUR1 million a year, one of whom working on a top management position and the other in investment banking, according to the more

9 sep 2015

Insurer Gothaer Asigurari Reasigurari, part of German group Gothaer, underwrote gross premiums of 36.4 million lei in the first semester, up 50% compared with the company’s forecasts, on the more

9 sep 2015

US fund J.C. Flowers shook hands with Romanian lender Banca Comerciala Carpatica (BCC.RO) stockholders to buy a 25% stake in the bank through a private investment worth nearly 80 million lei deal. more

9 sep 2015

US private equity fund J.C. Flowers has finally reached an agreement with the group run by businessman Ilie Carabulea to take over Banca Carpatica (BCC.RO), the first move in a broader plan to buy more

7 sep 2015

The ranking of the top ten banks, which account for almost 80% of the assets of the entire banking system, did not see any new entry in the past six years, but market shares and positions did change. more

4 sep 2015

A number of 24 banks in the system posted profit in the first half, while 16 were in the red, said Nicolae Cinteza, head of the Supervision Department of Romania’s central bank. more

3 sep 2015

US’ fund J.C. Flowers, is trying to take over both Romanian lender Banca Comerciala Carpatica (BCC.RO) and Greek-owned lender Piraeus Bank in an attempt to set up a bank worth of a top 10 position more

31 aug 2015

Almost seven years from the onset of the economic crisis, the banking system has lost one fifth of the jobs and offices. A number of 14,282 people left the system and 1,349 offices and branches were more

20 aug 2015

Shareholders of insurer Astra Asigurari, under special administration, have not subscribed enough shares available in the EUR425 million share capital increase, while the company’s special more