20 aug 2020

The summer rekindled Romanians’ appetite for consumer loans, so new consumer loans in lei rose to 1.49 billion lei in June, higher than in April and May, when lending recorded a significant decline more

2 iun 2020

The two months of lockdown due to the COVID-19 pandemic were a time when BCR became a more agile and flexible bank in terms of its operational structure and the digital transformation has become a new more

29 mai 2020

Romanian banking system’s net profit reached some RON1.6 billion at the end of the first quarter and assets increased to a peak of RON518.4 billion, while lending increased by 7.1% on average, more

4 mai 2020

Banks are adapting to the new situation caused by the coronavirus crisis and lending will continue, but it remains to be seen at what rate, depending on the business strategy, risk appetite of each more

23 apr 2020

It is very important not to let the economic downturn that will follow the coronavirus crisis turn into an economic depression, along with a financial crisis, believes Sergiu Manea, CEO of BCR. more

19 mar 2020

Romania’s central bank has announced it would ensure uninterrupted cash flows for all operations and said it fully supported all steps taken by banks to assist individuals and companies affected by more

12 mar 2020

Dan Pascariu, one of the best-known bankers in Romania, got a new extension as a member of the supervisory board of UniCredit Romania, the fourth largest lender in the country, until the end of 2020 more

27 feb 2020

Lenders’ interest income reached RON18.8 billion in 2019, while interest expenses stood at merely RON3.6 billion. more

25 feb 2020

The banking system posted about RON6.4 billion lei net profit in 2019, 7.2% lower than in 2018 and assets rose to a new peak, RON495.3 billion, as lending increased by 7.6% on average, according to more

13 feb 2020

New consumer and mortgage loans in lei and euros taken by consumers from banks reached a new peak in 2019, 36.9 billion lei (EUR7.74 billion), RON1.1 billion more than in 2018 and over RON2 billion more

6 feb 2020

Foreign investors with operations in the financial industry in Romania contributed almost 744 milion lei (almost EUR160 million) to the capital of their subsidiaries in 2019, less than they did in more

30 ian 2020

OTP Bank Romania, the subsidiary of the largest banking group in Hungary, could reach some 3% market share in Romania in 2020, as the bank pursues its strategy to grow its market share to 5% in five more

24 ian 2020

Romanian individuals made leu and euro deposits worth 124.5 billion lei in the first eleven months of 2019, 8.3% more than in the year-earlier period, Romania’s central bank data show. more

22 ian 2020

Spain’s banking group BBVA has put up Garanti Bank Romania up for sale, a bank it owns by being the majority shareholder of Garanti Bank Turkey and has kept the process supervised by the BBVA more

15 ian 2020

Construction and real estate companies continue to carry the highest credit risk, despite having seen the highest decline in the non-performing loan ratio in the past year. more

10 ian 2020

Romania’s banking system has better prudentiality, solvency, profitability and balance sheet structure indicators than the European average. more

8 ian 2020

The sale of Banca Romaneasca, which its owner, National Bank of Greece (NBG) has been trying to complete for more than three years is not over yet, as Romania’s finance minister Florin Citu has more

20 dec 2019

Hefty profitability, continued consolidation and restructuring of banks, improvement of portfolio quality, following sale of non-performing loan portfolios and a lending rebound – all of these shape more

3 dec 2019

The average yields of government paper are rising fast and the domestic currency has lost ground to the euro in the past month, while the GDP growth slowed down, the inflation went up and the current more

29 nov 2019

The restructuring of the banking system’s territorial network and number of employees continued in the first nine months of this year. The number of branches fell by 397 and the number of employees more

25 nov 2019

The nine systemically important banks in Romania are Banca Transilvania, BRD-SocGen, UniCredit Bank, Raiffeisen Bank, CEC Bank, Alpha Bank Romania, Garanti Bank Romania and OTP Bank Romania. These more

22 nov 2019

Romania’s banking system posted about 5 billion lei (over EUR1 billion) net profit in the first nine months and the assets reached a new high of almost RON473 billion, as lending increased by more more

18 nov 2019

Non-residents’ long-term deposits shrank by about EUR800 million to EUR630 million in the first nine months of 2019, 56% lower than in December 2018. Non-residents deposits in September were a more

13 nov 2019

The ten most profitable banks in Romania posted 6.64 billion lei (EUR1.39 billion) profit last year, 3.5 times higher than their profit a decade ago, in 2009, Trade Register data supplied to ZF show. more

5 nov 2019

Banca Transilvania, which became the largest lender on the local market in 2018, following takeover of Volksbank and Bancpost, is also the leader by number of employees and personnel spending, having more