12.15.2020

Romania's economy may perform better in the last quarter of 2020 compared to the EU average, as a result of the dissipation of the basic effects induced by the agricultural sector, Csaba Bálint, more

12.15.2020

Lender Patria Bank (PBK.RO), 83.2% owned by investment fund EEAF Financial Services Amsterdam, listed corporate bonds totaling EUR8.19 million on the Bucharest Stock Exchange Tuesday, under the symbol more

12.15.2020

Romanian Banca Comerciala Feroviara is changing its name top Techventures Bank following changes in its shareholding structure. more

12.11.2020

Lender Patria Bank (PBK.RO) on Friday said the Bucharest Stock Exchange has approved the admission to trading on its regulated market of EUR8.2 million worth of bonds. more

12.04.2020

President and Chairwoman of Exim Bank US Kimberley Reed will arrive in Bucharest Monday to discuss the agreement between the bank and the Romanian government for the financing of energy and more

12.02.2020

Romania's foreign exchange reserves dropped to EUR33.393 billion at the end of November from EUR33.795 billion at the end of October, central bank data showed Wednesday. more

11.24.2020

Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to monetary policy conduct in 2020, according to the more

11.23.2020

Romanian state-owned lender CEC Bank reported a net profit of RON274.2 million for the first nine months of 2020, while its assets grew 14% since the beginning of the year, to RON37.5 billion. more

11.23.2020

Banks operating in Romania had 3,879 branches and offices, while the number of employees went down to 52,757 in the first nine months, Romania’s central bank data show. more

11.19.2020

Banks in Romania posted about 4.7 billion lei profit in the first nine months of 2020, their assets reached a new high, while the loan-to-deposit and NPL ratios went down compared with the year-ago more

11.18.2020

Lender ING Bank Romania on Wednesday said its total revenue grew 2% in January-September 2020, to RON1.57 billion, and its net profit dropped 26% on the year, to RON443 million. more

11.17.2020

Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported Tuesday a net profit of RON5.98 million for the first nine months of 2020, up 2% on the year. more

11.13.2020

Romania's central bank lowered its inflation forecast to 2.1% for the end of 2020 from a previous projection of 2.7%, while keeping the 2021 projection at 2.5%, according to the November Inflation more

11.12.2020

Romania's central bank expects inflation to drop further in the short term before rising again and remaining close to 2.5%, it said in a detailed statement following Thursday's monetary policy board more

11.12.2020

Romania's central bank on Thursday decided to keep its benchmark interest rate unchanged at 1.5% a year, but lowered minimum reserve requirements on foreign currency liabilities to 5% from 6%. more

11.12.2020

Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, ended the first nine months of 2020 with a net profit of RON583 million, up 9% on the year, and its total assets grew 17% to more

11.11.2020

Polish financial group Getin Holding has signed an agreement with the international investment bank Rothschild for financial advice on the potential sale of the subsidiary Idea Bank Romania, the more

11.06.2020

OTP Bank Romania, the subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON39 million in the first nine months of 2020, down 50.6% year-over-year, due to more

11.05.2020

Romania’s banking system, the main lender of Romania’s economy, posted almost 4.5 billion lei net profit in the first eight months, while lending increased by 5.4% on average, Romania’s central more

11.02.2020

Romania's foreign exchange reserves grew to EUR33.795 billion at the end of October from EUR32.588 billion at the end of September, central bank data showed Monday. more

11.02.2020

Around one third of Raiffeisen Bank units in Romania, 129 units, will eliminate cash operations starting November, relying on ATMs, multi-functional machines and alternative channels, the bank said more

10.26.2020

Romanian state-owned lender CEC Bank has concluded a new financing agreement, worth EUR50 million, with the European Investment Bank (EIB), through dedicated financing schemes for the economies more

10.09.2020

Romania’s central bank has approved the appointment of Pedro Miguel Weiss as independent member of the Supervisory Board of lender Raiffeisen Bank. more

10.06.2020

US private equity investment firm J.C. Flowers, which has bought two banks in Romania - Piraeus Bank and Leumi Bank in the past two years, forming what is now known as First Bank, is in pole position more

10.05.2020

Spanish group BBVA has decided to not sell Garanti Bank Romania and the deal with OTP Bank, which submitted a financial bid for the lender, has fallen through, market sources told Ziarul Financiar. more