10 dec 2014

Eight of the 20 largest banks in Romania are Romanian brands and four of them are owned by the Romanian government or private entrepreneurs, while the rest are held by Austrian, French and Greek more

8 dec 2014

Four of the seven local large banks that published their Jan-Sept figures reported increases of between 1% and 9% in loan portfolios, but overall, the loan stock contracted by the equivalent of 6 more

8 dec 2014

Demand for large loans, mostly corporate ones, hit the lowest level of the past decade, with banks asking for just 890,000 reports from the Central Credit Register (CCR) to get information on more

28 nov 2014

The two local subsidiaries of the Austrian-held insurer Uniqa ended the first nine months with about EUR73 million gross written premiums, down 28% on the year-ago period, as a result of the auto more

24 nov 2014

Radu Ghetea, who has been at the helm of Romanian state-run CEC Bank since 2007, says he wants the bank to be more active on the lending market but this depends on finding new capital sources and one more

12 nov 2014

Banks have the cash to step up lending, but the money does not reach the economy due to the lack of trust between entrepreneurs and bankers, partly because of the hundreds of thousands of insolvencies more

3 nov 2014

UniCredit Leasing, the biggest player on Romania’s financial leasing market, in the first nine months released funding for car and equipment acquisition worth EUR208 million overall, up 20% from the more

3 nov 2014

Banks, insurers and leasing companies held by foreign groups got more than 1.1 billion lei (EUR250 million) capital injections in the first nine months of the year. Most of the money went towards more

28 oct 2014

Only a quarter of the European banks present in Romania failed the stress tests and the central bank says the local subsidiaries are in a comfortable position. more

27 oct 2014

The five banks with local operations present on the list of the 25 European groups that failed the European Central Bank's stress and asset quality test manage assets worth above EUR10 billion on the more

24 oct 2014

BCR and UniCredit Tiriac, two large banks in Romania, granted funding worth EUR75 million to Romanian fertilizer producer Azomures. The company will use the money to upgrade its two ammonia plants. more

16 oct 2014

Foreigners, largely banking groups, in late August held medium and long-term deposits opened with local banks worth EUR6.34 billion, EUR300 million below the level of the year-earlier period. On the more

13 oct 2014

MKB Bank, the Hungarian group that sold Nextebank to investment manager Axxess Capital this spring, has completely left Romania, following the sale of Corporate Recovery Management to APS Holding last more

8 oct 2014

End-June, Romanian companies had around EUR10 billion worth of loans taken out directly from banks from abroad, mostly from Austria and Germany, down by the equivalent of EUR1 billion from June 2013, more

2 oct 2014

Several banks in Romania, inclusively some of those paying interest rates above the market average, have rushed to adjust interests offered to depositors as soon as the central bank cut the benchmark more

1 oct 2014

Financial leasing companies in Romania, which operate on a market worth EUR1.2 billion, had 1,200 employees in late March 2014, almost 200 employees less than in the year earlier period, according to more

25 sep 2014

The financial crisis of the last six years, which affected the exchange rate as well, has not convinced customers and banks to reduce exposure to foreign exchange risk, so 62% of the loans granted to more

24 sep 2014

End-August, banks in Romania had loans granted to individuals and companies worth 213.6 billion lei (EUR48.4 billion), the equivalent of almost RON8.5 billion below the level of the year earlier more

23 sep 2014

The tax authority, the institution that should make sure the government collects all the due taxes, has turned overnight into a sender of letters informing taxpayers that they are eligible for an more

22 sep 2014

Financial leasing companies repossessed about 1,000 cars and 270 pieces of equipment from customers that stopped their monthly payments in the first half of the year. They also sold almost 1,800 more

17 sep 2014

The leasing market grew by more than 20% in the first half driven by funding for vehicle purchases, while the equipment segment has yet to make a visible impact. more

17 sep 2014

Banks in Romania had medium and long-term deposits set by non-residents, mostly forms of support from parent banks, worth the equivalent of EUR6.42 billion in late July, EUR150 million above the more

16 sep 2014

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 more

16 sep 2014

Omniasig, the third largest insurer in Romania, and the local subsidiary of Germany's Signal Iduna will issue an employee benefits-type health insurance policy for the almost 20,000 employees of the more

10 sep 2014

The average effective interest rate of Romanian currency-denominated mortgage loans hit an all-time low of 5.2% per year in July, half the level of three years ago, when banks sold only more