10.19.2011

Inflation continued to decline fast in the last few months, going below 4%, yet many banks continue to pay over 7% yearly interests to keep their clients and compensate for the lesser support from more

10.17.2011

Romanian banking profitability is likely to continue its decline through 2011, due to increasingly high costs, while the small, less specialized banks could even shut their doors, the head of more

10.17.2011

Foreign banks contributed 850 million lei (EUR200 million) to the local subsidiaries’ capital and announced up to EUR360 million capital injections, to be done in part by the end of 2011. This is to more

10.16.2011

Romanian banks booked provisions worth 739 million lei (EUR175 million) in July, up 16% from a month earlier, a sign that downside pressure on loan portfolio remains high and economic recovery is more

10.14.2011

The three Romanian banks listed on the Bucharest Stock Exchange were hit hard by the euro zone sovereign debt crisis, losing over 2 billion lei (EUR460 million) of their market value in the last two more

10.13.2011

Nicolae Cinteza, head of the supervisory department of the Romanian central bank (BNR), says the new lending regulations, which introduce tighter terms especially for consumer loans, are a tool more

10.12.2011

Officials of the six Greek bank branches went to the central bank to discuss action plans to be used in case of contingency. more

10.07.2011

Bankers waiting for clients to buy loans started the autumn on the wrong foot as demand fell unexpectedly in September after it stabilized in the last six months. more

10.05.2011

The Romanian banking system will continue to be resilient in the face of new challenges, even with the materialization of the worst-case scenarios the central bank considers for its periodical stress more

10.04.2011

Bankers are keeping up pressure on clients holding loans as these are the main income source given the low sales of new loans. more

10.03.2011

Lenders can now get cash from the Romanian central bank (BNR) in exchange for their portfolios of euro-denominated bonds, issued by the Finance Ministry on foreign markets, in repurchase agreement more

09.29.2011

Finance ministries and central banks also work with scenarios that consider the exit of Greece from the euro zone and Romania should have a plan B for a prospective bankruptcy of Greece, in which case more

09.28.2011

Nearly 1.3 million consumer loans were removed from banks’ balance sheets without being replaced by new ones since the end of 2008, when the crisis crept in and until August this year, according to more

09.26.2011

Banks had a harder time finding clients to whom to lend money in the last summer month, so that the volume of loans to individuals and companies rose by just EUR140 million in August, four times less more

09.21.2011

The slow pace of lending and a higher interest in saving money turned Romanians into net creditors of banks, a position they have kept since last December. The gap between deposits and debts to the more

09.20.2011

Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 581.3 million lei (EUR135.7 million) in August, up 38.6% on the month, central bank data showed Tuesday. more

09.16.2011

Foreign banks are suffocating companies and the government no longer has a powerful bank it can use to compensate business directions dictated by factors from abroad, says Nicolae Danila, former chief more

09.09.2011

For a loan of EUR40,000 or the equivalent in lei, the difference between the monthly installment on a leu-denominated and a euro-denominated loan is of around EUR85. In 30 years, clients pay an more

09.08.2011

Rosia Montana Gold Corporation (RMGC), the company developing a gold mining project in Rosia Montana, western Romania, will borrow $700 million from an international bank consortium led by Royal Bank more

09.08.2011

Romanian banking system lags behind the ones in the Central European region, largely due to its faulty financial intermediation services, particularly in rural areas, a top executive of lender BRD more

09.06.2011

Overdue payments on individual and corporate loans continued to rise and reached RON18.5 billion (EUR4.4 billion) in July, accounting for 7.4% of overall amounts due, according to data of the National more

09.02.2011

Romanian banks will be required to display information on consumer rights and obligations, financial explanations as well as data provided by the National Consumer Protection Authority (ANPC), on TV more

08.29.2011

The banking system is still suffering after almost three years of crisis and the financial results released in mid this year show that the good times of 2005-2008, when profits had gone even as high more

08.25.2011

After two years of decline, private lending has been on the rise for the last four months, with companies borrowing most new money. more

08.24.2011

Clients who want to withdraw more than EUR5,000 from their current accounts need to notify the bank at least one day ahead and in some cases they even need to go to the bank to file a written more