10.27.2022

Alpha Bank Romania, part of the Greek Alpha Bank Group, will relocate part of its operations to the City Gate North Tower from January 2023, where it will occupy 5000 square meters, i.e. more than 10% more

10.21.2022

Six out of ten Romanians say their financial situation has worsened compared to last year and future expectations are not optimistic either, as per CEC Bank’s quarterly financial Barometer developed more

10.20.2022

Romania's annual inflation rate will continue to increase until the end of 2022, thus rising above the values ​​estimated for the short term in the latest medium-term forecast, according to the more

10.13.2022

Lender Raiffeisen Bank on Thursday (Oct 13) said it increased the interest rates on deposits in foreign currency, for individuals, to 0.5% per year for euro deposits and to 2% per year for dollar more

10.13.2022

Romania’s economic growth is slowing down as the market tries to adapt to high energy prices, with a GDP growth estimated at 5% in 2022 and at 2.3% in 2023, according to an analysis by lender OTP more

10.13.2022

Intesa Sanpaolo Bank has launched an online lei payments service allowing transfers in 10 seconds at most since payment initiation, with the instant inter-baking payment system being increasingly more

10.07.2022

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew slightly to 7.96% a year on Friday more

10.06.2022

State-run lender CEC Bank will continue to fund entrepreneurs in 2022 through the IMM Invest Plus program, with the lender granting 3,800 loans so far via the IMM Invest. more

10.05.2022

Romania's central bank has decided at its board meeting on Wednesday (October 5) to raise its benchmark interest rate by 0.75% percentage points to 6.25% a year from the current rate of 5.5% a year, more

10.05.2022

Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set by the country's Government, according to the World Bank’s more

10.04.2022

OTP Bank Romania introduces the Google Pay service in its portfolio, which makes it possible for Mastercard bank clients to make online or contactless payments at any POS, just with an Android more

10.03.2022

Patria Bank (PBK.RO) has expanded its management team and appointed Razvan Vasile Prodea to the position of Deputy General Manager Risk Division, for a four-year mandate, effective October 1, 2022. more

10.03.2022

Vista Bank has successfully completed the merger with Crédit Agricole Romania, according to a statement. more

09.30.2022

Shareholders of Libra Bank, a member of the American investment group New Century Holdings, approved the distribution of dividends amounting to RON50 million. more

09.30.2022

Romania attracted foreign direct investments (FDI) totaling EUR8.9 billion in 2021, with enterprises’ equity standing at EUR6.7 billion (equity capital worth EUR2.16 billion, plus reinvestment of more

09.29.2022

Lender Raiffeisen Bank has provided financing of RON5 million for the construction of the RoCordis hospital in Timisoara (western Romania). more

09.27.2022

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (Sept 26) said in a stock market report that it placed with state-run lender CEC BANK three term deposits in the total amount of more

09.22.2022

Romania is considering getting a loan of approximately EUR4 billion from the European Investment Bank (EIB) and the funds will be used as co-financing for projects carried out under the National more

09.21.2022

Romanian state-run lender CEC Bank has launched a multicurrency card whereby customers have direct access to accounts in ten currencies and can make payments to merchants and withdrawals without fees more

09.15.2022

Nuclear power producer Nuclearelectrica (SNN.RO) on Thursday (Sept 15) announced its shareholders that it placed two term deposits in the total amount of RON200 million with lenders Banca Romaneasca more

09.15.2022

Investment fund The European Fund for Southeast Europe (EFSE) has extended a EUR8 million credit line granted to Libra Internet Bank. more

09.14.2022

Agribusiness group Rodbun has contracted from state-run lender CEC Bank credit lines worth a combined RON30 million, with PCF Investment Banking acting as exclusive financial consultant in more

09.13.2022

OTP Bank Romania on Tuesday said it participated in financing the loan recently granted on the local market to real estate developer Iulius Group to support investments in Iulius Mall regional more

09.13.2022

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (Sept 13) said in a stock market report that it placed with state-run lender CEC BANK a term deposit in the amount of RON160 more

09.13.2022

75% of Romanian consumers willing to invest in energy efficiency projects plan to resort to bank financing, above the European average of 64%, according to the European Retail Banking Radar survey more