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

06.03.2014

Romania’s largest bank Banca Comerciala Romana (BCR) granted over 65,000 consumer loans in the first five months of the year, up 70% from the corresponding period a year earlier. more

06.02.2014

Shareholders of Romanian brick manufacturer Ceramica Iasi (CERE.RO) will look into a proposition to mortgage the company’s assets for a bnak loan of up to EUR12 million. more

05.23.2014

Oil and gas geophysical surveyor Prospectiuni (PRSN.RO) plans to refinance EUR11.9 million loans from BCR and contract additional loans worth EUR 2 million and RON13.5 million. more

05.09.2014

Loans were only 2% higher than the deposits of consumers and companies at the end of March, so banks are close to balance the loan to deposit ratio, meaning the lending will be funded entirely from more

05.08.2014

Romania’s exposure to Swiss-franc loans is at 4.1% of total private loans, a sensibly lower ratio compared to other European countries, an official of the central bank said Thursday. more

05.08.2014

Romanian Prime Minister Victor Ponta said Thursday that loan restructuring will be optional for both banks and individuals and the measure will probably be applied starting July 1, 2014. more

04.28.2014

On the shortage of foreign currency resources, restrictions imposed by the BNR and the cheaper lei loans, sales of new retail loans have almost entirely switched to the lei component. more

04.15.2014

The level of non-performing loans (NPLs) in the agricultural sector is very low, Radu Gratian Ghetea, head of Romanian state-run lender CEC Bank said Tuesday. more

04.11.2014

Romanian insolvent power producer Hidroelectrica has closed a RON120 million short-term credit line from Banca Transilvania, which was due on April 11, 2014, the company said in a press release more

04.07.2014

Lender Banca Romaneasca has earmarked EUR50 million to fund small- and medium-sized enterprises (SMEs) and half of the financing is guaranteed by the state within the government-backed program aimed more

04.07.2014

Romania’s largest lender Banca Comerciala Romana, or BCR, has extended leu-denominated consumer loans exceeding 1.5 billion lei (EUR336 million) in 2013, the bank said in a statement Monday. more

04.02.2014

Alpha Bank Romania’s chief said Wednesday bankers need stronger financial discipline principles so feasible customers are not passed over because of the “unhealthy” practices of some companies more

03.27.2014

Interest rates on leu-denominated loans are expected to continue their decline in the coming months, provided the economic fundamentals remain unchanged, Romanian central bank’s deputy governor more

02.26.2014

Small- and medium-sized enterprises (SMEs) in Romania can get loans from Volksbank to finance their working capital, within a total maximum ceiling of RON47.3 million, with low guarantees, under a more

02.25.2014

Romanian lender BRD Groupe Societe Generale has received a new guarantee ceiling of RON320 million from the guarantee fund for SMEs and may grant a total RON640 million in mortgage loans under the more

02.20.2014

A group of MPs from several political parties, including Chamber of Deputies speaker, submitted a proposal according to which foreign currency loans could be converted into local currency or other more

02.19.2014

Bank clients paying interests of over 7% for old loans in foreign currency should consider refinancing in local currency, given the new costs on the market, as a difference of one percentage point in more

02.17.2014

Italo Romena Bank will grant SMEs loans worth maximum EUR6.7 million via the government program guaranteeing SME loans, to finance working capital. more