12.17.2013

The interest rate at which banks borrow lei from the money market (reflected by the three-month Robor used as reference in leu-denominated retail loan contracts) has reached a new all-time low of 2.5% more

12.16.2013

Almost half the small and medium-sized enterprises in Romania surveyed by central bank BNR says they are not eager to take out bank loans because of too high costs. more

12.16.2013

The Credit Bureau, which collects information on consumer loans, has issued 7.8 million reports in January-September as requested by banks looking for information about their current and potential more

11.22.2013

Volksbank, one of the biggest loss-makers on the Romanian banking market, has put up for sale a bundle of non-performing retail loans worth around EUR600 million in total. The amount includes the more

11.07.2013

Romanian telecom operator RCS&RDS has pledged EUR1.15 billion worth of collateral for loans of EUR750 million it has contracted recently. more

10.30.2013

Over 700,000 Romanians are currently more than one month overdue on their bank loan payments and 4.5 million people have taken out 7.5 million bank loans, Florin Danescu, executive president of the more

10.30.2013

Interests on leu loans are close to matching the foreign currency loan rates, now that the three-month ROBOR, which banks use as a reference when deciding how much to charge for most leu-denominated more

10.29.2013

The 4.3 million individual clients with ongoing loans pay bank installments of around EUR6 billion (RON27 billion), according to ZF calculations based on people’s indebtedness level, as it results more

10.25.2013

The initial public offering (IPO) of 15% in state-run natural gas producer Romgaz, the largest offering in the history of the Bucharest Stock Exchange, has made a lot of commotion on the financial more

10.24.2013

Lower interest rates do manage to stimulate the demand for loans, as proved by the 2% increase in leu-denominated loans in September after the 3-month ROBOR (the offered rate on the interbank market) more

10.17.2013

Mortgage loans in lei granted by ING Bank have reached 15% of overall mortgage lending nine months after the bank’s strategic decision to no longer sell retail loans in euros. more

10.09.2013

Romania’s Government on Wednesday approved an emergency decree that will allow small and medium-sized businesses to access credit lines for working capital of up to RON5 million for a two-year more

10.08.2013

Romanian banks offer some of the best interest rates for household loans in local currency in central and eastern Europe, despite the central bank’s high monetary policy rate and a negative more

10.08.2013

The average interest on corporate loans in lei rose slightly in August to 8.7%, while the average deposit interest fell by almost 0.7% to 3.4% a year, reveal central bank data. The corporate segment more

10.07.2013

Small and medium-sized businesses will be able to access credit lines for working capital of up to RON5 million for a two-year period that will be 50% guaranteed by the state, under a proposed more

10.03.2013

Insurance brokers want to be able to sell other financial products, such as bank loans, in addition to insurance. A proposal to this effect is set to be finalized and to be sent to the Financial more

10.01.2013

The volume of loans overdue by at least one day continued to climb in August and shows no sign of slowing down. The total value of overdue loans recorded by the banking sector hit a new peak of 33.3 more

09.24.2013

The decision made by most banks to halt lending citing various reasons is “wrong,” but the central bank is no ministry and therefore cannot tell banks whom they can or cannot finance, Adrian more

09.12.2013

Consumer loan stock fell by the equivalent of 21 billion lei (EUR4.6 billion) in July, from the record high reached in February 2009, when the financial crisis hit Romania. more

09.11.2013

The Romanian central bank’s recent cut in its monetary policy rate triggered an increase in loan-based sales of electronics and IT products, one of the sectors that has been affected by the more

09.09.2013

Romania’s central bank still has its reservations when it comes to allowing banks to write off bad loans (completely erase the value of non-performing loans), because it doesn’t consider it wise more

09.02.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, Monday reported a 51% increase in its new loans to over EUR83 million in the first eight months of 2013. more

08.26.2013

Romanian state-run natural gas transporter Transgaz Medias (TGN.RO) is considering launching a series of bond issues or taking out loans to finance its investments scheduled for the 2013-2017 period, more

08.21.2013

Audit and consultancy firm KPMG is involved in a transaction to sell a portfolio of non-performing loans with a nominal value of over EUR100 million, Serban Toader, Senior Partner of KPMG Romania, more

08.19.2013

Non-banking financial institutions members of the ALB Romania association, which make up for 84% of the local consumer lending market, granted financing of EUR195 million in the first half of 2013, more