4 iun 2015

Polish group Getin, who owns Romanian lender Idea Bank, is currently in talks on acquiring credit portfolios to support its development plans, the group's chief executive Piotr Kaczmarek told Ziarul more

3 iun 2015

BCR needs to ‘structurally’ improve its relationship with the corporate customers and to do so it will completely reassess the lending products and processes on this segment, says Andreas Treichl, more

2 iun 2015

The Romanian units of Greek lenders Alpha Bank, Bancpost and Piraeus Bank reported total deposits of EUR4.3 billion (nearly RON19 billion) end-March, down 8% compared with December 2014, according to more

20 mai 2015

The nine foreign bank groups part of the “Vienna Initiative” in the spring of 2009 reduced their exposure by 29% in six years. The decline of the exposure in nominal terms stood at about nine more

24 apr 2015

The losses of hundreds of millions of lei posted by Austrian insurers’ Romanian subsidiaries in the past few years and the problems on the auto liability policy segment were two of the things more

24 apr 2015

Nine banks, insurance companies and leasing companies have changed their names in the last few years because they either changed owners or wanted to reinvent themselves to get rid of any past stains more

20 apr 2015

Raiffeisen, a top five player in Romania’s banking system, will pay shareholders dividends worth 300 million lei (EUR68 million) from last year’s net profit, 14% above the sum disbursed from 2013 more

17 apr 2015

Banks need to be more flexible with the small entrepreneurs and make loans cheaper, because they are two or three times more expensive than in other European countries Romania is in direct competition more

17 apr 2015

Companies in Romania had deposits worth 170 billion lei (EUR38 billion) with local banks at the end of March, down by the equivalent of RON9.5 billion from December 2014, amid the falling interest more

7 apr 2015

BCR Leasing, a top ten player on Romania’s leasing market, forecasts a 50% increase in the volume of granted financing this year, from almost EUR71 million (RON315 million) in 2014, according to a more

6 apr 2015

The five largest local banks held 54% of the assets, loans and deposits of the banking system at the end of last year. more

5 mar 2015

The US dollar has gained 22% in the past year and overshot the 4 lei-mark on Wednesday for the first time ever, bringing unexpected profits to those who kept their savings in dollars and to the more

4 mar 2015

In 2014, UniCredit Leasing kept its leading position on the market, with a market share of above 18%, while Swiss-held Impuls Leasing managed to cement their second position. Competition for the third more

2 mar 2015

No large bank in Romania has a woman as president or general manager, but 12 women hold vice-president or deputy CEO positions in the boards of the ten largest players in the local system. more

25 feb 2015

Over the last six years, the foreign banks that control 90% of Romania’s banking system have withdrawn EUR10 billion worth of lines of credit extended to their local subsidiaries during the economic more

13 feb 2015

Philippe Lhotte, BRD chairman and chief executive officer of two and a half years, expects only a slight rise in lending business this year because demand remains weak despite the drop in interests to more

13 feb 2015

The forex market in Bucharest ended January with around EUR25 billion in traded volume, that is a daily average of EUR1.3 billion, meaning a decline of almost 30% against January 2013, according to more

9 feb 2015

The Eurobank Group is well capitalized, has very strong shareholders and remains a long-term investor in Romania, despite the difficult situation of the Greek banking system, said George more

2 feb 2015

The consumer lending growth that had restarted last summer stopped at the end of the year again, so new sales in November and December did not offset loan repayment and written off non-performing more

9 ian 2015

In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of interest risk more

24 dec 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

18 dec 2014

Deutsche Bank has bought from BCR a new set of non-performing loans with a face value of EUR443 million for which it paid about EUR28 million, market sources said. BCR did not comment on the more

18 dec 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

16 dec 2014

Raiffeisen Leasing, the second largest player on the market of leasing companies affiliated to banks, expects to reach a volume of new funding worth around EUR90 million at the end of 2014, after more

12 dec 2014

The local subsidiary of Volksbank, which Banca Transilvania (TLV.RO) acquired this week, posted more than 1.75 billion lei (about EUR400 million) losses in the last four years due to sour loan more