03.09.2017

People who borrowed money to buy a home under government-guaranteed mortgage lending First Home program are more vulnerable to a potential interest hike in the future compared with those who took more

03.08.2017

The debt discharge law has triggered a state of incertitude on the market and it is very dangerous that those things can happen, Michal Szczurek, ING Bank Romania CEO, stated Wednesday. more

03.08.2017

ING Romania gross profit rose 44% last year, to RON565 million, on the backdrop of sale of Visa shares and a general increase of activity, the company’s representatives said. more

02.21.2017

ING Bank decided to increase the down payment required on mortgage loans contracted through government-guaranteed mortgage lending First Home program from 5% to 10% due to the decrease of the state more

01.26.2017

Romania continues to see almost credit-less economic growth, as the private loans' share of GDP declined last year to a decade low, according to ING Bank analysts. more

12.05.2016

Five in ten Romanians feel forced to spend money at Christmas, while two in ten said they went into debt to pay for Christmas gifts last year, according to a an ING International Survey regarding more

11.18.2016

Financial group ING plans to hire more than 200 IT specialists in the next two years to staff its software development center established in Romania last year. ING Software Development Center should more

11.15.2016

ING bank Romania reported a net profit of RON391 million in the first nine months of 2016, up 56% on the year, mainly due to the sale of Visa shares and lending increase, the company said in a more

09.09.2016

ING Bank has revised Romania’s GDP growth forecast for 2016 from 4.2% to 5.2% following a better-than-expected first six months on strong domestic demand and investment momentum, the bank said in a more

09.01.2016

Dutch ING Group will continue to invest in the organic development of its local branch, now ranking seventh in the Romanian banking system, and seeks to reach 10% market share. more

08.10.2016

ING Romania reported a net profit of RON278 million in the first six months of 2016, up 79% on the year, mainly due to the sale of Visa shares in the second quarter of the year and due to lending more

07.04.2016

ING Bank, the local branch of the Dutch group, is in talks with Inter Ikea’s real estate arm Vastint over renting office space in Business Garden Bucharest that Vastint is building in the Basarab more

05.11.2016

ING Bank has raised the down payment required on mortgage loans in lei from 15% to 25%, two days after the implementation of the law on debt discharge. more

04.28.2016

Romania might enter the Eurozone around the mid-2020s, when GDP per capita (in terms of purchasing power standards) will be closer to the 70% of EU average – a figure also suggested by the central more

04.04.2016

Markets will remain cautious ahead of Tuesday’s talks on the debt discharge bill at the Chamber of Deputies, according to ING Bank economists, which expect an apathetic trading session, at values more

03.02.2016

ING Bank has only enforced 20 mortgage guarantees so far, after 3 years and a half of talks with the clients, trying to find solutions, ING CEO, Michal Szczurek, stated Wednesday. more

03.02.2016

Romanian lender ING Bank posted a gross profit of RON392 million in 2015, up 22% on the year, while its revenues increased 13% to RON1.02 billion, the lender said Wednesday. more

02.08.2016

The Romanian leu gained ground versus the euro by midday Monday and the central bank’s reference rose 0.56% to 4.4763 units, breaking below 4.5 units per euro for the first time since mid-December. more

01.28.2016

The ING mandatory private pension fund, which has 9.1 billion lei (about EUR2 billion) assets and is managed by NN Pensii, plans to invest EUR80 million in the shares of the companies listed on the more

01.19.2016

Consolidation of the Romanian banking sector will continue and the number of banks may halve. It will not happen in one or two years, though, it will take longer than that, says Mihaela Bitu, deputy more

12.09.2015

ING Bank intends to continue its organic development strategy over the coming period, since growth drivers still exist, but does not rule out potential acquisitions or consolidation opportunities, more

12.03.2015

Nearly three quarters of Romanians said they would take money out of their savings accounts if interest rates went negative, of which over 17% would switch into alternative assets (such as the stock more

12.02.2015

Romanians plan to spend EUR110 on Christmas gifts in 2015, namely 32% of monthly net earnings, ranking first in Europe by spending relative to net income, although Brits plan to spend the most on more

11.19.2015

Romanian lender ING Bank posted a net profit of RON251 million in January-September, up 9% compared with the same period last year, and its revenues increased 12%, to RON748 million, the lender said more

11.12.2015

ING cut its forecast on the inflation rate in Romania to -0.7% from -0.5% in 2015, and also revised its forecast to 1.2% from 1.4% for end-2016 and to 2.7% from 2.1% end-2017, mainly on the back of more