09.18.2012

Romania’s Parliament has approved Tuesday two of the country’s 2011 loan agreements with the European Union and the International Bank for Reconstruction and Development, respectively, and a bill more

08.27.2012

Romanian overdue private loans rose 6.5% on the month to 26.79 billion lei (EUR6 billion) in July, equal to 11.4% of the total lending, central bank data showed Monday. more

07.25.2012

Romanian overdue private loans rose 1.7% on the month to 25.15 billion lei (EUR5.44 billion) in June, equal to 10.95% of the total lending, central bank data showed Wednesday. more

07.23.2012

OTP Bank Romania reported a 8.6% increase of the consumer savings during the first four months of 2012, the clients mainly choosing deposits with six-month maturity, the bank said Monday. more

07.19.2012

How much would Mark Zuckerberg have paid, had he taken out a loan in Romania? Twice as much as he is due to pay for his loan in the US. more

07.04.2012

Romanians did not rush to borrow money from banks in the first half of the year despite promotional offers. Those who will seek to a get a loan soon might pay high interests and find it more difficult more

06.29.2012

Romanian overdue private loans rose 3.6% on the month to 24.72 billion lei (EUR5.55 billion) in May, equal to 10.8% of the total lending, central bank data showed. more

06.21.2012

The level of non-performing loans in Romania, which hit 16% of total lending, is very high considering the low degree of indebtedness, ING Bank Romania manager Misu Negritoiu said Thursday at the ZF more

05.28.2012

Romanian overdue private loans rose 3.27% on the month to 23.86 billion lei (EUR5.12 billion) in April, equal to 10.5% of the total lending, central bank data showed Monday. more

05.25.2012

The depreciation of the leu and the rise in money market interests add extra charges to the bill of the four million Romanians who took out loans from banks. more

05.07.2012

Austria’s Erste has finished cleaning up its loan portfolio in Hungary but the process continues in Romania with BCR, where the group plans to raise the degree of coverage of non-performing loans more

04.20.2012

Romanian industrial equipment maker Comelf Bistrita (CMF.RO) plans to borrow up to CHF7 million (around EUR5.8 million) in the next twelve months to finance current operations and future investments, more

04.19.2012

BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, Thursday reported a net profit of 11.98 million lei (EUR2.74 million) in 2011, well above RON1.74 million a year more

04.19.2012

Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks sought to more

04.17.2012

International Finance Corporation, the investment division of the World Bank, has shown its willingness to help banks process non-performing loans and invested in funds that restructure such loans, 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

04.06.2012

The mortgage lending growth pace in February was half the monthly average of 2011, because not even government-secured loans are drawing customers to banks. more

04.04.2012

The members of financial association ALB Romania last year gave out loans of EUR469 million, up 15.4% compared with 2010, according to data presented in a press conference. more

03.19.2012

The number of mortgage loans rose by only 2,000 accounts in January and February, a four times slower pace than in early 2011, considering bankers are only selling “First Home” scheme loans now. more

03.12.2012

OTP Bank Romania, the local unit of Hungary’s financial group OTP, estimates its loan portfolio will increase by 7% to 9% in 2012, fueled by higher consumer loans and increased financing for small- more

03.02.2012

Bankers made loans in lei more expensive at the beginning of the year, and cut interest rates on deposits attracted from clients, as they seek to boost their income from interest rate margins to cover more

02.29.2012

Misu Negritoiu, the banker who has been running the local operations of the Dutch-held ING for five years and a half, does not expect 2012 to be any better than 2011 for banks or for the economy as a more

02.24.2012

Romanian overdue private loans rose 4.5% on the month to 22.3 billion lei (EUR5.12 billion) in January, equal to 9.93% of the total lending, central bank data showed Friday. more

02.23.2012

ING Bank, the ninth largest bank on the Romanian market by assets, wants to make 2012 the year of lending in lei and plans to focus on selling products in local currency, from consumer loans and cards more

02.14.2012

Money market interest rates, which are used as reference for loans in lei have fallen significantly since the beginning of this year because of excess liquidity, and this is starting to be felt in the more