10.19.201

Romanian banks estimate household demand on both consumer and mortgage loans will pick up in the third quarter, supported by more relaxed credit standards, a central bank survey showed Wednesday. more

01.03.2023

Up to 5% of the world’s total gross domestic product (GDP) may be attributed to illicit proceeds from criminal activity, according to the World Economic Forum. more

12.20.2022

Despite solid margin growth, more than half of the world’s banks continue to experience profitability problems and a return on equity that is below their cost of equity, as per the 12th edition of more

12.20.2022

Accenture's “Payments Gets Personal” report shows that up to $89 billion (4.6%) of global payment revenues could be at risk in the next three years for banks that are slow to offer next-generation more

12.15.2022

The fifth edition of the Financial Reporting of European Banks report by Mazars, the international audit, tax and advisory services company, focuses on European banks’ expected credit loss (ECL) more

12.06.2022

The Bank Lending Survey released by the European Investment Bank (EIB), with a focus on Central, Eastern and Southeast Europe (CESEE), looked into data collected in September 2022 and outlines the more

11.28.2022

After almost a decade of very strong GDP growth, Romania is preparing itself for a steep slowdown, said Dimitrios Goranitis, Banking and Capital Markets leader, Deloitte Central Europe. more

11.17.2022

The net profit of Romania’s banking system hit a new record high at the end of the first nine months of 2022, of RON7.6 billion, up around 20% from the year-earlier period, as lending advanced by an more

10.10.2022

Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s invasion of Ukraine, supply chain disruptions, inflation rise, more

09.29.2022

Banks have seen the highest growth in customer satisfaction scores this year and have become the leader in terms of customer satisfaction and experience in Romania, outranking grocery retail, which more

09.09.2022

Franklin Templeton International Services S.À R.L., in its capacity as Alternative Investment Fund Manager and sole director of the Fund Fondul Proprietatea, announced that the Fund and state-owned more

08.30.2022

The three most profitable large banks in Romania in 1H/2022 were BCR, Banca Transilvania and BRD-SocGen, with overall earnings of above RON2.5 billion, namely more than half of the total profit of the more

08.09.2022

Banks have crossed the line and taken the ROBOR index way above the central bank’s policy interest rate, Romania’s central bank governor Mugur Isarescu said Tuesday at a press briefing on the more

04.06.2022

Over 80% of central banks are considering launching a central bank digital currency (CBDC) or have already done so, according to the 2022 PwC CBDC Global Index that analyses and ranks the leading more

02.04.2022

Romanian banking system profit for the entire 2021 may climb to a record high of around RON8 billion or even more, despite the pandemic, given that gains topped RON7.5 billion after the first 11 more

01.06.2022

Dentons, the world’s largest law firm, assisted a consortium of banks—Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank Romania and Banca Comerciala Romana— in financing the more

12.01.2021

Most large banks reported rising profits in the first nine months of 2021 compared with the same period of 2020 amid the waning fallout of the coronavirus crisis and the declining risk charges and more

09.02.2021

All large banks in Romania reported higher profits for 1H/2020 against the same period in 2020 amid weakening pandemic fallout and declining risk and provision costs, but also in the wake of rising more

07.29.2021

Banks in Romania granted new loans to households and companies in the amount of RON388 billion between 2016 and 2020, higher by 37.5% than RON282 billion at the end of 2020, per an analysis drafted more

07.27.2021

Digi Communications (DIGI.RO), a telecommunications operator listed on the Bucharest Stock Exchange and held by billionaire Zoltan Teszari from Oradea, said Tuesday in a stock market report that its more

05.10.2021

European retail banks will return to their pre-COVID performance within three to five years and profitability will remain under pressure for the next two years, global consultancy company Kearney said more

12.31.2020

Romania’s banking system, 34 lenders in all, registered a net profit of nearly RON4.5 billion in January-September 2020, down over 10% compared with 2019, central bank preliminary data show. more

11.10.2020

Shareholders of Alro Slatina (ALR.RO), the largest aluminum producer in Romania, have decided at their general meeting of Nov 10 to name Banca Export-Import a Romaniei (Eximbank) as leader of a more

10.06.2020

Alro Slatina (ALR.RO), the largest aluminum producer in Romania, has summoned its shareholders on November 10, 2020 to approve the concluding of an addendum to the credit facility agreement worth more

09.21.2020

AFI Europe Group has received a EUR170 million financing from a consortium of banks made up of Erste Bank Group, pbb Deutsche Pfandbriefbank and Banca Comerciala Romana with a view to acquiring NEPI more