03.27.2013

Romanian overdue private loans rose 2.85% on the month to 30.1 billion lei (EUR6.83 billion) in February, amounting to roughly 13.4% of the total lending, central bank data showed Wednesday. more

03.26.2013

Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday. more

03.26.2013

Romanian small and medium-sized companies will have limited access to foreign currency loans once the central bank’s new regulations are in place, an official of Volksbank Romania said Tuesday. more

03.14.2013

Mortgage loans sold through the ‘First Home’ scheme now account for almost 40% of the total home buying loans, meaning bankers passed 20% of the risk on to the government, which pays half of the more

03.07.2013

The banking market is not growing, but it does provide many opportunities, partly because of the weakened competition. ING Bank will be active on all customer segments this year and target more

03.04.2013

Romania’s largest bank BCR will have a debt collection unit, staffed by 500 people, operate as standalone company. more

02.26.2013

Romanian overdue private loans rose 2% on the month to 29.26 billion lei (EUR6.67 billion) in January, amounting to roughly 13% of the total lending, central bank data showed Tuesday. more

02.11.2013

In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing. more

02.07.2013

The cuts to deposit interest rates announced by banks in the last few weeks will not also mean a cheapening of loans, according to Rasvan Radu, executive president of UniCredit Tiriac Bank. more

01.25.2013

US group Liberty Global increased the capital of its subsidiaries UPC Romania and Focus Sat with 581.2 million lei (EUR133 million) through debts reconversion, operation aimed to improve the two more

01.04.2013

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei. more

12.28.2012

Banks in Romania must no longer await the central bank’s approval to apply lending rules, starting this month. more

12.18.2012

Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, has revised downward this year’s turnover to $582 million, 8.9% lower compared to turnover of $639.5 million more

12.06.2012

Bankers have ceased promoting loans in lei and even made them more expensive over the past few months. The high interests that once discouraged customers from borrowing in domestic currency are making more

12.03.2012

The leu last week recovered some of the ground it lost against the euro in recent months. Its newfound strength came at the cost of an increase in interbank rates at the highest level this year, more

11.27.2012

Romanian overdue private loans inched up 1.3% on the month to 28.16 billion lei (EUR6.24 billion) in October, equal to 12.1% of the total lending, central bank data showed Tuesday. more

11.23.2012

Romanian state-owned passenger railway carrier CFR Calatori on Friday said it plans to contract a credit line of 100 million lei (EUR22 million) which will be used to refinance its old loans and more

10.24.2012

Romanian overdue private loans rose 2.96% on the month to 27.8 billion lei (EUR6.05 billion) in September, equal to 11.9% of the total lending, central bank data showed Wednesday. more

10.17.2012

Romanian top lender Banca Comerciala Romana (BCR) will target its mortgage lending at borrowers in domestic currency to protect them against currency exchange risks, the bank said Wednesday. more

10.11.2012

Lending to individuals remains frozen despite the promotional offers, so now banks are betting on loans in lei to companies. more

10.09.2012

Romania’s Banca Comerciala Romana has received an additional EUR45 million for the First Home program, which it intends give out as loans in lei as soon as legislation amendments to the program more

09.26.2012

Romanian overdue private loans inched up 0.8% on the month to 27 billion lei (EUR5.97 billion) in August, equal to 11.7% of the total lending, central bank data showed Wednesday. more

09.25.2012

The new regulation on foreign currency lending to small and medium-sized enterprises (SMEs) could condition borrowing in hard currency by obtaining revenue in the said currency. more

09.24.2012

Non-performing loans in the small and medium-sized enterprises SMEs sector rose from 2% at the burst of the financial crisis in October 2008 to almost 20% end-2011, according to the representatives of more

09.18.2012

Romanian state-owned lender CEC Bank Tuesday said its loan portfolio was up 6.7% to 11.2 billion lei (EUR2.5 billion) at the end of August, from RON10.5 billion in December last year. more