12.18.2014

The local banking system looks completely different from its picture of the autumn of 2008, at the crisis onset, as market players had to adjust to the new conditions, namely low loan demand, falling more

12.08.2014

Four of the seven local large banks that published their Jan-Sept figures reported increases of between 1% and 9% in loan portfolios, but overall, the loan stock contracted by the equivalent of 6 more

12.08.2014

Demand for large loans, mostly corporate ones, hit the lowest level of the past decade, with banks asking for just 890,000 reports from the Central Credit Register (CCR) to get information on more

11.27.2014

RON-denominated consumer loans totaled 23.8 billion lei at the end of October, up almost 3%, and RON600 million respectively, from the year-earlier period. Against September, the volume of such more

10.31.2014

Brise Capital Group IFN, the financing division recently founded by Brise Group, controlled by businessman Marius Bucur, plans to grant farmers loans of over EUR20 million in 2015. more

10.30.2014

RON-denominated consumer loans stood at 23.6 billion lei in late September, up almost 2% or the equivalent of RON300 million from the year-earlier period. On the month, the stock of these loans added more

10.28.2014

Only a quarter of the European banks present in Romania failed the stress tests and the central bank says the local subsidiaries are in a comfortable position. more

10.24.2014

Romanian cable maker Romcab Targu-Mures (MCAB.RO) wants to contract loans of EUR17.4 million and to extend existing credit lines of EUR10.9 million. more

10.08.2014

End-June, Romanian companies had around EUR10 billion worth of loans taken out directly from banks from abroad, mostly from Austria and Germany, down by the equivalent of EUR1 billion from June 2013, more

10.07.2014

Loans granted to companies and individuals by non-banking financial institutions (NBFI) included in the central bank's general registry were worth 21.7 billion lei (EUR4.9 billion) in mid-2014, around more

10.06.2014

Romania's government wants to launch the "First Car" program in November, a state-guaranteed lending program for he purchase of new cars. more

09.26.2014

Romania's national guarantee fund for small and medium sized businesses (FNGCIMM) gave guarantees totaling RON1.8 billion to 6,200 SMEs in January-August, 88% of which were used to finance working more

09.16.2014

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 more

09.11.2014

Loan interest rates are falling and will keep falling because the central bank has been taking measures aimed at reducing rates and it will probably continue to do that, which will boost loan demand, more

09.10.2014

The average effective interest rate of Romanian currency-denominated mortgage loans hit an all-time low of 5.2% per year in July, half the level of three years ago, when banks sold only more

09.05.2014

Piraeus Bank, a Greek-held medium-sized player in Romania’s banking system, in January-July 2014 released retail loans matching the value of loans granted in the entire 2013 and reached monthly more

08.29.2014

Romanian currency-denominated consumer loans in July registered the first annual increase in the past five years, reaching RON23.5 billion, 0.1% above the level of the same period of 2013, according more

08.27.2014

Banks in Romania had retail and corporate loans worth just 213.8 billion lei (EUR48.3 billion) left in their portfolios at the end of July, a three-year low, as they are unable to sell enough loans in more

08.20.2014

The bad loan ratio has entered a downward trend in Romania after it peaked at 22.3% in March and analysts expect the trend to maintain amid the sale of certain portfolios of soured loans. more

07.30.2014

Consumer lender Provident Financial Romania gave loans of EUR68.4 million in the first half of the year in Romania and Bulgaria, 26% higher on the year, the company said Wednesday. more

07.22.2014

Romania's national guarantee fund for SMEs has granted over 11,000 guarantees under the government-backed mortgage lending First Home program in the first half of the year. more

07.14.2014

Demand for large loans, largely corporate ones, advanced by just 12,000 applications in the first five months compared with the same period of last year, with banks requesting 439,000 reports from the more

06.27.2014

The Credit Bureau, the institution that collects data on household loans, released five million reports at banks’ request for information on the situation of existent and potential clients in more

06.24.2014

Romanian central bank deputy governor Bogdan Olteanu said Tuesday that lending activity should start to recover as banks need to replenish their reserves following a balance-sheet cleanup and make more

06.11.2014

Lending activity is slowly picking up, but demand remains weak, particularly in the heavy industry sector, said Rasvan Radu, chief executive of UniCredit Tiriac Bank. more