05.29.2014

The decline of bank interest rates below 4% a year has hindered the appeal of deposits as a savings tool and bank clients are seeking more profitable alternatives. more

05.28.2014

Veneto Banca Bucharest, the Romanian unit of Italy’s banking group Veneto Banca, expects it will attract around EUR70 million in new deposits this year, the bank’s outgoing general manager Paolo 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

04.16.2014

Households and companies in Romania held banking deposits guaranteed through the domestic depositor insurance scheme worth the equivalent of 159 billion lei (around EUR35 billion), namely a little 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

03.10.2014

Individual depositors had 10.7 billion lei (EUR2.4 billion) savings kept in deposits maturing in more than a year at the end of January, a 30% increase on the year-ago period, according to Romania’s more

02.19.2014

Romania’s central bank has ordered commercial lenders to take corrective action in response to customer complaints about time deposits that, upon maturity, hold less money than initially deposited. 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

01.08.2014

Romanian banks have cut the interest rates for short-term deposits, but the rates for longer term savings are still attractive compared with the ones offered on the international markets, central bank more

12.19.2013

Mutual funds attracted 3 billion lei from investors in the first 11 months of this year, a record-high amount which is double the inflow recorded in 2012.This comes as people sought more profitable more

12.12.2013

Mutual funds in Romania ended November with record-high net inflows of 777.8 million lei (EUR174 million), the largest monthly amount ever attracted on this market. more

10.14.2013

Non-residents, mostly banking groups, had EUR6.7 billion in medium and long-term deposits in banks in Romania at the end of August, about EUR1 billion less than in December 2012, according to central more

07.16.2013

Non-resident bank deposits in Romania decreased to EUR6.9 billion in May, a record low since 2009, mirroring the reduction of foreign banks’ exposure to the Eastern European country. more

07.16.2013

National Bank of Greece (NBG), which owned some 99.3% of Romanian lender Banca Romaneasca at the end of 2012, withdrew about 1 billion lei (EUR0.226 billion) of deposits at its local subsidiary last more

06.11.2013

How has Marfin Bank managed to deal with the pressure of the deposit withdrawals caused by the Cypriot crisis and how has it overcome the delicate period that followed the takeover of deposits from more

05.31.2013

Deposits in local branches of foreign banks have declined in the first quarter of the year to 6.49% from 6.76%, as people pulled their money following the crisis triggered mid-March in Cyprus and made more

05.31.2013

The top ten banks by the volume of deposits held 80% of individuals’ and companies’ savings, with the cumulated value of resources attracted at 173 billion lei (EUR39 billion). more

05.02.2013

Despite the scandal surrounding the suspension of the activity at the Bank of Cyprus for almost a month and despite talks on the risk of putting money in deposits at high interest rates, Greek and more

04.26.2013

Marfin Bank Romania has taken over deposits of EUR77 million and gross assets of EUR82 million from the Romanian unit of Bank of Cyprus, the two lenders announced Friday. more

04.25.2013

The Cypriot central bank Thursday authorized the transfer of Bank of Cyprus’ deposits in Romania to Marfin Bank, the local unit of Cyprus Popular Bank. more

04.24.2013

Deposits of the Romanian branch of Bank of Cyprus will be transferred under the local banking law and will be guaranteed by the Romanian Guarantee Fund, Adrian Vasilescu, adviser to central bank more

04.15.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, plans to keep the interest rate on savings products above the market average to balance the loan to deposit ratio and increase the number more

04.11.2013

Romania’s largest lender Banca Comerciala Romana (BCR) said Thursday 18% of its clients have deposit terms of one year or more, from 15% a year ago. more