05.24.2016

OTP Bank, a mid-sized player in the banking sector, controlled by Hungary’s largest financial group OTP, has decided to raise the down payment required on mortgage loans in lei and foreign currency more

05.11.2016

ING Bank has raised the down payment required on mortgage loans in lei from 15% to 25%, two days after the implementation of the law on debt discharge. more

05.05.2016

CEC Bank will raise the down payment it requires on mortgage loans to 30% as of May 9, for loans in lei and in foreign currency of up to EUR250,000, due to the implementation of the law on debt more

03.02.2016

OTP Bank Romania will grant mortgage loans worth RON84 million under the state guaranteed mortgage lending First Home program this year, based on the funds assigned by the national guarantee fund for more

07.17.2015

Libra Internet Bank granted SMEs loans worth RON30 million with 75% guarantee from European Investment Fund, in the first ten months since the signing of the contract, the bank said in a statement more

02.19.2015

CEC Bank will be able to grant loans totaling RON735 million this year under the state guaranteed mortgage lending First Home program, the bank said in a statement Thursday. more

12.29.2014

The volume of overdue loans in Romania banking system fell in November to 26.8 billion lei (almost EUR6 billion), the lowest level in two years and a half, central bank data showed Monday. more

09.05.2014

Piraeus Bank, a Greek-held medium-sized player in Romania’s banking system, in January-July 2014 released retail loans matching the value of loans granted in the entire 2013 and reached monthly more

05.08.2014

Romania’s exposure to Swiss-franc loans is at 4.1% of total private loans, a sensibly lower ratio compared to other European countries, an official of the central bank said Thursday. more

04.15.2014

The level of non-performing loans (NPLs) in the agricultural sector is very low, Radu Gratian Ghetea, head of Romanian state-run lender CEC Bank said Tuesday. more

04.02.2014

Alpha Bank Romania’s chief said Wednesday bankers need stronger financial discipline principles so feasible customers are not passed over because of the “unhealthy” practices of some companies more

02.11.2014

CEC Bank will benefit from state guarantees of up to RON260 million, allowing it to lend over RON520 million to small and medium-sized businesses seeking loans to fund their working capital, the bank more

01.09.2014

Romanian lender Raiffeisen Bank will grant loans in lei, in the amount of EUR40 million, to small- and medium-sized enterprises (SMEs), through the Joint European Resources for Micro to Medium more

12.17.2013

The interest rate at which banks borrow lei from the money market (reflected by the three-month Robor used as reference in leu-denominated retail loan contracts) has reached a new all-time low of 2.5% more

12.16.2013

Almost half the small and medium-sized enterprises in Romania surveyed by central bank BNR says they are not eager to take out bank loans because of too high costs. more

10.30.2013

Interests on leu loans are close to matching the foreign currency loan rates, now that the three-month ROBOR, which banks use as a reference when deciding how much to charge for most leu-denominated more

10.08.2013

Romanian banks offer some of the best interest rates for household loans in local currency in central and eastern Europe, despite the central bank’s high monetary policy rate and a negative more

10.08.2013

The average interest on corporate loans in lei rose slightly in August to 8.7%, while the average deposit interest fell by almost 0.7% to 3.4% a year, reveal central bank data. The corporate segment more

08.21.2013

Audit and consultancy firm KPMG is involved in a transaction to sell a portfolio of non-performing loans with a nominal value of over EUR100 million, Serban Toader, Senior Partner of KPMG Romania, more

08.05.2013

Romanian central bank governor Mugur Isarescu Monday expressed hope that the lower monetary policy rate will translate into cheaper loans for local consumers as early as September. more

07.01.2013

The central bank’s decision to ease its monetary policy should reflect into lower loan rates in the local market over the coming months, the bank’s chief said Monday. more

06.25.2013

Retail lending in Romania has reached an impasse after most of the consumers eligible for financing have already taken out loans, leaving banks with very few options to find new clients, an official more

06.13.2013

The chief executive of Raiffeisen Bank Romania Thursday said that local demand for foreign currency loans remains high despite restrictions imposed by the central bank in a move to limit the impact of more

05.15.2013

Steven van Groningen, chief executive of Raiffeisen Bank, says loan interest rates will be gradually cut, but the cuts will be made depending on market conditions, not because somebody ordered it. more

03.27.2013

Romanian overdue private loans rose 2.85% on the month to 30.1 billion lei (EUR6.83 billion) in February, amounting to roughly 13.4% of the total lending, central bank data showed Wednesday. more