13 ian 2014

The volume of foreign currency transactions on the Romanian market slid by 7% last year, to EUR388 billion, amid reduced foreign investments and weak appetite for leu-denominated assets. more

19 dec 2013

The shareholders of banks, insurers and leasing companies this year injected EUR500 million into the capital of Romanian subsidiaries. more

18 dec 2013

Six European banks with no subsidiaries in Romania have an exposure of EUR450 million to the Eastern European country, according to data published by the European Banking Authority. more

17 dec 2013

The interest rate at which banks borrow lei from the money market (reflected by the three-month Robor used as reference in leu-denominated retail loan contracts) has reached a new all-time low of 2.5% more

16 dec 2013

Almost half the small and medium-sized enterprises in Romania surveyed by central bank BNR says they are not eager to take out bank loans because of too high costs. more

16 dec 2013

The Credit Bureau, which collects information on consumer loans, has issued 7.8 million reports in January-September as requested by banks looking for information about their current and potential more

10 dec 2013

The top three leasing companies in January-September were UniCredit Leasing, Impuls Leasing and Porsche Leasing, whose funding volume stood at almost EUR300 million, according to market sources. The more

29 nov 2013

French group AXA confirmed Friday it sold its operations in Romania to insurer Astra Asigurari, owned by Romanian businessman Dan Adamescu, and will exit the local market. more

20 nov 2013

French insurance giant AXA is in final negotiations to sell its Romanian subsidiary to the largest insurer on the market, Romanian-held Astra, according to market sources. The decision to withdraw more

20 nov 2013

Gross underwritten premiums of the ten largest insurers in Romania stood at almost 5 billion lei (EUR1.12 billion) in January-September, a mere RON35 million more than in the year-ago period, more

30 oct 2013

Interests on leu loans are close to matching the foreign currency loan rates, now that the three-month ROBOR, which banks use as a reference when deciding how much to charge for most leu-denominated more

29 oct 2013

The 4.3 million individual clients with ongoing loans pay bank installments of around EUR6 billion (RON27 billion), according to ZF calculations based on people’s indebtedness level, as it results more

14 oct 2013

Non-residents, mostly banking groups, had EUR6.7 billion in medium and long-term deposits in banks in Romania at the end of August, about EUR1 billion less than in December 2012, according to central more

10 oct 2013

The merger of Piraeus and Bancpost, which together have almost 5,000 employees and a territorial network of over 400 offices in Romania, would create an entity with a 5% market share, outrunning Alpha more

9 oct 2013

Romanian companies had EUR11 billion worth of loans taken directly from banks abroad in mid this year, EUR500 million less than in September 2012, according to the data published by the central bank. more

8 oct 2013

The annual percentage rates for the cheapest offers of real estate loans in lei have settled around 6% after banks have in the past two weeks adjusted the cost of loans to the trend of interest rates more

8 oct 2013

The average interest on corporate loans in lei rose slightly in August to 8.7%, while the average deposit interest fell by almost 0.7% to 3.4% a year, reveal central bank data. The corporate segment more

19 sep 2013

Card holders spent 11 billion lei (equivalent to EUR2.5 billion) on food, beverages and tobacco, half the overall amount spent by Romanians using cards. more

12 sep 2013

Consumer loan stock fell by the equivalent of 21 billion lei (EUR4.6 billion) in July, from the record high reached in February 2009, when the financial crisis hit Romania. more

6 sep 2013

The top-three leasing companies affiliated to banks in the first half of the year were, in this order, UniCredit Leasing, VB Leasing and Raiffeisen Leasing, according to market sources. more

1 aug 2013

“First home” mortgage loans, which will be granted only in lei according to the latest changes to the state-guaranteed mortgage lending program, could go up by an average 8%, considering the new more

12 iul 2013

More than one thousand companies in Romania took out EUR11 billion loans directly from Austrian, German, French, Spanish and Italian banks by the end of March, according to central bank data. more

5 iul 2013

Banks have cut interest rates for ongoing loans in lei by three quarters of a percent in three months’ time, to 10.8% a year in May, but have kept their net interest margin as high as possible, more

3 iul 2013

Marfin Bank Romania, the local subsidiary of Cyprus Popular Bank group, which is under liquidation, is sufficiently strong to stand on its own if its majority shareholder in Cyprus cannot find a buyer more

2 iul 2013

The banks’ ranking did not see surprising moves last year, with most banks managing to keep their market share on a lethargic lending market. Few banks managed to stand out and sell more loans than more