1 sep 2015

Insurer Gothaer Asigurari Reasigurari, part of German group Gothaer, increased its share capital by 17.4 million lei (nearly EUR4 million) in July, according to Trade Registry’s data. more

26 aug 2015

Raiffeisen Bank has come to an agreement to take over Germany’s Schwabisch Hall’s 33.3% stake in Romanian housing bank Raiffeisen Banca pentru Locuinte (RBL). more

26 aug 2015

Lending caused a negative surprise in July after a first half when its decline had gradually slowed down, reaching a mere 0.1% in June and fueling hope that the loan stock would see annual growth for more

25 aug 2015

UniCredit Leasing financed assets of EUR162 million (nearly 720 million lei) in the first semester, similar with 2008, namely before the burst of the financial crisis that meant a downfall of the more

24 aug 2015

Retail euro loans, which include both consumer and mortgage loans, have seen such a significant decline that banks are now selling EUR15 million worth of loans a month compared with EUR200 million in more

7 aug 2015

Local subsidiaries of Turkish Garanti group posted 75 million lei (EUR17 million) net profit in the first half, flat on the year-ago period, while operating revenue and risk costs went down. more

5 aug 2015

Nicolae Danila, advisor to Romanian Central Bank’s governor Mugur Isarescu, was named non-executive president of Transfond, the operator of the national electronic payment system. more

3 aug 2015

The local units of Italy’s Intesa Sanpaolo posted a net profit of EUR7 million (31 million lei) in the first half of 2015, significantly higher from EUR1 million during the same period a year more

31 iul 2015

The largest 18 pawnbrokers - financial institutions supervised by Romania’s central bank along with leasing and consumer finance companies, posted 284 million lei (about EUR64 million) revenue and more

30 iul 2015

New leu loans taken out by individuals and companies hit a record high of 5.4 billion lei (EUR1.22 billion) in June, 50% higher than in the year-ago month, and RON100 million higher than the previous more

29 iul 2015

Romania’s small and medium sized companies, SMEs, became more interested in loans for investments so far in 2015, on the backdrop of an economic growth and the cut of interest margins, according to more

28 iul 2015

Romania’s lender Banca Feroviara, majority owned by businessman Valer Blidar, named Razvan Radulescu and Radu Petrea as chief operations officer and chief business officer, respectively. more

8 iul 2015

Raiffeisen and Banca Transilvania preserved their top two positions among the most profitable lenders in Romania last year and Citi climbed to third after a 44% increase in net profit. more

7 iul 2015

Local insurance companies posted 36 million lei (EUR8 million) aggregate loss in 2014, down from the more than RON1.3 billion in 2013. more

3 iul 2015

Romanian banks granted new consumer loans worth RON1.5 billion in May, double from the same period a year before and a seven-year high, according to the aggregated data of the central bank. more

3 iul 2015

Italian group Intesa Sanpaolo named Stefano Borsari and Paolo Trifilleti as chief financial officer and chief lending officer, respectively, after the bank received the authorization from the Romanian more

1 iul 2015

The tenth anniversary of the hard leu, which no one had thought would live more than seven to ten years in 2005 (expectation at the time was that the shift to the euro would happen soon after the EU more

25 iun 2015

Five of the top ten banks in Romania are now offering less than 1% interest per annum for one-month deposits, while the one-year deposits get 0.7% to 2.7%. The abundant supply of cash on the market more

22 iun 2015

Tension is mounting on the Romanian financial market, too, as Greek banks control 12% of the local banking assets, now that the crisis in Athens has reached that point where capital controls, more

18 iun 2015

Banca Romana de Credite şi Investitii (BRCI), owned by businessman Dorinel Umbrarescu, posted net loss of 35 million lei () in 2014, while its assets were 2.5 fold higher, the bank said in its annual more

17 iun 2015

Provident, UniCredit Consumer Financing (UCFin) and Cetelem, the top three largest consumer credit firms in Romania, switched to an aggregated net profit of over 200 million lei (EUR46 million) in more

15 iun 2015

OTP Bank Romania, part of Hungarian group OTP, will analyze in October the integration process of Millennium bank, bought mid-2014, according to OTP general manager Laszlo Diosi. more

11 iun 2015

CEC Bank, the only top ten bank still state-owned, sold almost 200 million lei (EUR45 million) worth of non-performing loans to debt collector Kruk at the end of last year, market sources say. The two more

8 iun 2015

Banks granted new loans worth over 15 billion lei (almost EUR3.5 billion) in January-April, more than three quarters of which leu denominated, according to central bank data. more

5 iun 2015

The UniCredit group, which will take over the 45% stake of businessman and former tennis player Ion Tiriac in UniCredit Tiriac Bank this month, was bound to buy it at a multiple of 3.6 to 3.8 of the more