07.22.2014

Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 3.05 billion lei (EUR682.2 million) in the first five months of 2014, down 28% on the year. more

07.15.2014

The 50 largest non-banking financial institutions (NBFI), largely consumer lending companies, in 2013 reported overall profit worth 144 million lei (EUR33 million) amid revenue of RON2.9 billion more

06.26.2014

Around 20% of the almost EUR3 billion negative figure registered by the companies with the 100 widest losses in the economy last year were reported by banks and insurance companies, which virtually more

06.11.2014

Romanian Economy Minister Constantin Nita met Wednesday in China with the vice-president of the Industrial and Commercial Bank of China, the world’s largest bank by market capitalization, and with more

06.02.2014

Half of the Romanians trust only big banks, one third prefer to keep their savings at home, (from 25% in 2006) due to the lack of confidence, low interests and high commissions, while the intention to more

05.09.2014

Loans were only 2% higher than the deposits of consumers and companies at the end of March, so banks are close to balance the loan to deposit ratio, meaning the lending will be funded entirely from more

05.09.2014

The foreign banks that participated in the Vienna Initiative and that hold around two thirds of the Romanian banking system's assets narrowed their exposure to local subsidiaries by 20% between March more

04.29.2014

Bankers expect the local profile sector will witness an imminent, yet small-scale consolidation, while lending revival, although widely anticipated, is not expected to offset the sale of more

04.22.2014

Credit Agricole, the Romanian subsidiary of one of the strongest French banking groups, reported net loss of 28.2 million lei (EUR6.3 million) for 2013 after having posted a negative result of RON27.3 more

04.15.2014

Foreigners’ medium and long-term deposits at domestic banks, particularly forms of support from parent banks, stabilized during the February-March period at around EUR6.5 billion, signaling a break more

04.14.2014

The total value of bank deposits guaranteed by the Bank Deposit Guarantee Fund (FGDB) stood at 159.2 billion lei (EUR35.6 billion) at the end of March 2014, which translates into a 1.4% quarterly more

04.11.2014

The six domestic banks that issue contactless cards have reached a portfolio of around 440,000 such cards and an acceptance network of around 5,500 contactless POS terminals. more

04.09.2014

Companies ought to carry out investment projects that attract foreign or local capital and become profitable to be able to contract bank loans, said Rozalia Pal, chief economist with Garanti Bank more

03.27.2014

Banks see improvement in asset liquidation sales and support company restructuring outside of insolvency procedures, which they consider simpler and less costly than insolvency. more

03.24.2014

The market is flush with cash and its price has never been so low. Thus, the Romanian market is not having a cash issue now, but it’s coping with a loan demand shortage. On the other hand, bonds more

03.19.2014

Romania’s Agriculture Ministry will set up a lending fund for small farmers and the money will be administered by two banks, Agriculture Minster Daniel Constantin told a press conference Wednesday. more

03.12.2014

The Credit Bureau released, at bankers’ request, 1.9 million reports about the situation of existent and potential clients in January and February, up 80% year-on-year. Almost half of these were more

03.05.2014

Parent banks last year withdrew 70% of funding with maturity of less than one year granted to domestic subsidiaries, namely EUR3.3 billion, marking a speeding up of the deleveraging process. more

01.28.2014

Romanian government will restrict inter-bank fees that the card issuer charges from the bank whose terminals are used for payments to retailers, to 0.2% for debit cards and 0.3% for credit cards. more

01.23.2014

Romanian commercial banks reported an aggregate net profit of 497 million lei (EUR109.7 million) in 2013, versus losses a year-earlier, as more than half of the active lenders ended the fiscal year in more

01.20.2014

Corporations and households in Romania held leu-denominated deposits worth 169 billion lei (EUR37 billion) at the end of last year, up by RON14 billion against September 2013, according to data more

01.16.2014

Long-term deposits have come to account for 10% in households’ total time deposits after bankers promoted these products more aggressively during crisis years. more

01.13.2014

The volume of foreign currency transactions on the Romanian market slid by 7% last year, to EUR388 billion, amid reduced foreign investments and weak appetite for leu-denominated assets. more

01.12.2014

Nextebank will focus on niche services--namely on very small and small companies, as well as on individuals, with lending not including long-term products in the latter case--according to Horia Manda, more

01.06.2014

The visible decline of leu interest rates should revive the demand for loans, but the major obstacle to the market rebound remains the absorption of the huge volume of non-performing loans. more