12.24.2014

Henk Paardekooper, the Dutch banker who supervised the sale of the RBS Romania portfolio to UniCredit, believes more foreign banks will decide to leave the Romanian market because there are too many more

12.16.2014

UniCredit Tiriac Bank has completed the takeover of RBS Romania's corporate client portfolio, which consists of more than 500 medium and large companies, assets of around EUR260 million and deposits more

08.05.2014

UniCredit Tiriac Bank has reached an agreement with Royal Bank of Scotland Romania to acquire the latter’s corporate business, pending regulatory authorizations, the two lenders said in a joint more

08.01.2014

UniCredit is readying to sign with RBS an agreement to take over its corporate portfolio in Romania, after the British bank had ceded its domestic retail portfolio to the same group. more

05.20.2014

The Romanian unit of RBS, which became a branch of UK’s The Royal Bank of Scotland, Edinburgh, last September, returned among profitable banks in 2013 thanks to its 9.1 million lei (EUR2 million) more

05.14.2014

After having sold its retail business and a set of non-performing corporate loans in 2013, UK's Royal Bank of Scotland now has a branch with a small market share left in Romania. more

09.30.2013

The private banking division of UniCredit Tiriac Bank has reached a portfolio of nearly 3,000 clients following the transaction completed earlier this month whereby the bank took over all the retail more

09.17.2013

Financial group UniCredit Tuesday announced it completed the transfer of the retail and Royal Preferred banking business of RBS Romania to its UniCredit Tiriac Bank and UniCredit Consumer Financing more

08.05.2013

Royal Bank of Scotland Romania has completed the transfer of its retail and royal preferred banking business to UniCredit Tiriac Bank, the two banks said in a joint statement Monday. more

07.11.2013

Royal Bank of Scotland (RBS) on Tuesday sold for EUR60 million about half of its stake in Romanian investment fund Fondul Proprietatea (FP.RO) held on behalf of investment management fund City of more

06.06.2013

Royal Bank of Scotland Romania will transfer its retail business to UniCredit Tiriac Bank by early September, the bank’s president Henk Paardekooper said Thursday. more

05.20.2013

The sale of Citibank and RBS Bank’s retail portfolios broke the ice on the market of banking transactions, but this year is expected to bring major shareholder changes for at least three of the more

04.30.2013

Romanian lender UniCredit Tiriac Bank and sister company UniCredit Consumer Financing Tuesday have reached an agreement to acquire the retail and private banking business of Royal Bank of Scotland’s more

04.12.2013

RBS has completed an important phase of the restructuring of its Romanian operations, which includes reducing its territorial network to four branches, as the bank plans to serve only corporate more

01.11.2013

The new banking year starts with stepped-up negotiations for the sale of business portfolios; the main sellers are RBS, Citibank and Bank of Cyprus, sources on the market say. more

12.14.2012

The most often used expression at the Meet the CEO event whose guest was Henk Paardekooper, head of RBS Romania, was “to be rebuilt” and various synonyms thereof – reinventing careers, more

12.12.2012

The 6 percent gap between the interest rate on loans in the Romanian currency and that on loans in euros is too high for large companies, which means that even companies who do business exclusively in more

11.01.2012

The banks that found a German private investor for Romanian insolvent group International Railways Systems also became a shareholder, in a first for the local market. more

08.07.2012

UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employees more

06.20.2012

The economic crisis most countries are currently facing will last for at least a decade, if one looks at similar situations in history, RBS Romania CEO Henk Paardekooper said Wednesday at the ZF more

06.04.2012

RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most profitable more

09.27.2011

The Romanian central bank (BNR) wants to keep the leu/euro exchange rate stable, limit its volatility in order to create the framework for economic growth, and has sufficient forex reserves (EUR36.8 more

09.13.2011

Hidroelectrica, Romania’s largest energy producer, continues to borrow money from major banks. The latest bank it turned to is RBS Romania, from which it took out a EUR32 million loan. more

09.12.2011

RBS Romania will grant a one-year loan worth EUR32 million to state-owned hydropower producer Hidroelectrica, to finance working capital needs. more

07.12.2011

It has long been known that UK’s RBS is not interested in doing business in Romania and it seeks to sell its local portfolio, or rather what is left of it. In fact, the UK parent bank itself is more