2 mai 2014

Retail lending is starting to show more visible signs of rebound, which means consumers are feeling more confident to apply for mortgage or consumer loans. more

28 apr 2014

On the shortage of foreign currency resources, restrictions imposed by the BNR and the cheaper lei loans, sales of new retail loans have almost entirely switched to the lei component. more

24 apr 2014

The local unit of Israeli group Bank Leumi generated in 2013 net profit of just 2.1 million lei (EUR0.47 million), six times below the 2012 level, and significantly lower than the forecast. more

17 apr 2014

Companies in Romania had EUR11 billion loans taken out directly from banks abroad, mostly from Germany and Austria, at the end of last year, according to Romania’s central bank (BNR) data. more

16 apr 2014

Households and companies in Romania held banking deposits guaranteed through the domestic depositor insurance scheme worth the equivalent of 159 billion lei (around EUR35 billion), namely a little more

14 apr 2014

Street Victims Protection Fund (FPVS), an association of local insurers that compensates the victims of car accidents caused by unknown perpetrators or by uninsured motorists, settled 30.3 million lei more

11 apr 2014

The six domestic banks that issue contactless cards have reached a portfolio of around 440,000 such cards and an acceptance network of around 5,500 contactless POS terminals. more

9 apr 2014

Getin Holding, controlled by billionaire Leszek Czarnecki, paid almost 5.8 million lei (EUR1.3 million) for full ownership of Romanian International Bank (RIB), according to the Polish group's annual more

9 apr 2014

The Romanian government has left the Parliament to discuss the details of the project aimed at capping cash payments, which is likely to give a strong boost to the card market. However, restrictions more

8 apr 2014

A total of 9 billion lei (EUR2 billion) worth of retail loans were more than 90 days overdue at the end of February, written off by banks because chances of recovery were slim to none. Such loans more

7 apr 2014

Raiffeisen Bank retained the position of the most profitable bank on the Romanian market in 2013, posting 458 million lei (EUR103 million) net profit, followed by Banca Transilvania (TLV.RO), with more

4 apr 2014

Israeli-held TBI Financial services in 2013 raised by almost 20% the volume of loans released on the Romanian market, to EUR67 million, an evolution mainly driven by the launch of banking operations more

31 mar 2014

Romanian International Bank (RIB), taken over by Poland’s Getin group at the end of 2013, is set to resume lending in April, after in the past 3-4 months the bank was recapitalized and cleaned up more

26 mar 2014

Leu-denominated loans to individuals and companies rose in February by the equivalent of 250 million lei (EUR55 million), half the growth clip registered in January, but, despite the slower pace, the more

25 mar 2014

Banks are trying to revive sale of consumer loans by charging lower interests and cutting fees, now that the crisis has eaten into their revenue and profits. more

12 mar 2014

The Credit Bureau released, at bankers’ request, 1.9 million reports about the situation of existent and potential clients in January and February, up 80% year-on-year. Almost half of these were more

10 mar 2014

Individual depositors had 10.7 billion lei (EUR2.4 billion) savings kept in deposits maturing in more than a year at the end of January, a 30% increase on the year-ago period, according to Romania’s more

6 mar 2014

The deal volumes on the Bucharest foreign currency market reached EUR32 billion in February, the equivalent of a daily average of EUR1.7 billion, according to central bank data. Against the same more

5 mar 2014

The shareholders of Nextebank, a small player controlled by Hungary’s MKB bank, in late February approved a capital increase of as much as 183 million lei (EUR40 million). more

4 mar 2014

The Romanian subsidiary of French group Groupama underwrote premiums worth EUR165 million in 2013, down 10% on the year, due to the tighter underwriting policy, according to the group's financial more

4 mar 2014

Austrian-held Uniqa, which owns two insurers in Romania, last year registered net premium income worth EUR68 million on the local market, 30% higher than in 2012. more

28 feb 2014

French-held insurer AXA, which decided to pull out from Romania at the end of last year, booked a EUR26 million loss on the sale of its local life insurance operations, its annual report reveals. It more

3 feb 2014

Banks will stand to gain an additional EUR80 million to EUR100 million in fees from people buying homes or from retailers of furniture, cars and other items that cost more than 10,000 lei (about more

20 ian 2014

Corporations and households in Romania held leu-denominated deposits worth 169 billion lei (EUR37 billion) at the end of last year, up by RON14 billion against September 2013, according to data more

16 ian 2014

Long-term deposits have come to account for 10% in households’ total time deposits after bankers promoted these products more aggressively during crisis years. more