04.10.2013

Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) had 304,000 clients at the end of 2012, cumulating savings deposits of over 1.4 billion lei (EUR0.32 billion), up over 60% on the year. more

04.02.2013

A Romanian bank has filed a non-binding offer to take over the local subsidiary of Bank of Cyprus, and a decision regarding the matter is the responsibility of Cyprus authorities alone, the head of more

03.28.2013

Romanian central bank governor Mugur Isarescu Thursday said households have started to split up their bank deposits amid concern over the situation in Cyprus. more

03.28.2013

Unsettling details about the Cyprus bailout deal, which taxed large savings and saw the nation’s second-biggest bank dismantled, along fears that the terms might be applied to future rescue plans more

03.28.2013

The foreign currency deposits of individuals and companies in Romania have risen by the equivalent of EUR2.3 billion in the past year, with more than a third of the amounts being transferred from more

03.25.2013

Bank of Cyprus announced Monday the decision to tax bank deposits higher than EUR100,000 will apply only to deposits in Cyprus. more

03.15.2013

Uncertainty about the economy and the lingering financial crisis have pushed many Romanians to save more despite the low interests, Volksbank Romania’s vice-president Lucian Cojocaru said Friday. more

02.13.2013

Sixteen million Romanians are keeping EUR28 billion in banks and 0.1% of them deposited EUR3.7 billion, or EUR220,000 each. more

01.06.2013

Greek banks in Romania had deposits of EUR4.3 billion left in September last year, down by the equivalent of EUR600 million compared with September 2011, according to data published by shareholders in more

11.16.2012

Ten banks are currently looking to sell two-year deposits in Romanian lei in order to improve their funding as they are facing a reduction in foreign resources. more

11.13.2012

Non-residents, especially banking groups, had EUR7.65 billion deposited in Romanian banks on medium and long-term maturities at the end of September, down EUR841 million from December 2011. more

11.05.2012

Investors’ darlings--Fondul Proprietatea (FP.RO), OMV Petrom (SNP.RO), the regional investment funds (SIF) and Banca Transilvania (TLV.RO)--generated significant yields ten months into the year, more

10.25.2012

The deposits of individuals and companies were almost flat in September at 194 billion lei (EUR43 billion), according to central bank data, confirming the slowing growth trend of savings. more

10.22.2012

Romanian household and corporate bank deposits were up by 42.35 billion lei (EUR9.9 billion) since the start of the economic crisis as the balance of bank deposits has increased by 27.9% since January more

07.03.2012

About 30 of the 63 mutual funds on the local market managed to beat bank deposit interests in the first half, which stood at 3.25% a year, even though many of the funds that posted lower yields invest more

06.04.2012

The calming of tensions over the Greek debt crisis in the first quarter of the year allowed Greek banks to retain their stocks of deposits. more

04.25.2012

Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large networks more

04.12.2012

Romanians’ appetite for long-term savings has increased spectacularly lately thanks to the more generous offers from banks attempting to balance their portfolios. more

03.07.2012

Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits have more

02.22.2012

Deposits in Swiss francs generated gains of almost 70% for the customers who bet on this currency in 2008, when a franc was traded for an all-time low of 2.2 lei, but bankers say few customers bet on more

02.07.2012

Romanian central bank governor Mugur Isarescu Tuesday warned commercial lenders that their policy to increase interest rates on deposit facilities in a move to reduce their dependency on foreign more

01.24.2012

Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis. more

01.24.2012

Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, the bank more

12.17.2011

Bankers are having a tough time digesting the economic crisis, which is now entering its fourth year, and this is clearly shown in the results. After record profits in 2008, the peak year, of more more

12.07.2011

In a bid to compensate for the loss of support from parent banks, local bankers try to attract as many resources as possible from companies, paying interest of up to 4% on euro deposits. more