11 mar 2013

The average interest rate on the new leu-denominated corporate loans increased to almost 10% a year, 0.5% above the minimum of last spring. This means bankers are again charging interests that used to more

20 feb 2013

Volksbank, which has been through a tough restructuring in the past few years, now wants to increase its number of clients and attract more deposits, and is preparing to open new branches. more

19 feb 2013

Romanians withdrew more than 106 billion lei (EUR24 billion) from cash dispensers last year, six times more than POS payments, according to data from central bank BNR. Card payments totaled RON24 more

15 feb 2013

Major insurers felt to a lesser extent the effects of the crisis in 2012 after three years when their businesses plummeted, but few companies managed to boost their sales on segments other than more

13 feb 2013

Sixteen million Romanians are keeping EUR28 billion in banks and 0.1% of them deposited EUR3.7 billion, or EUR220,000 each. more

7 feb 2013

The cuts to deposit interest rates announced by banks in the last few weeks will not also mean a cheapening of loans, according to Rasvan Radu, executive president of UniCredit Tiriac Bank. more

4 feb 2013

Tower Center, Charles de Gaulle Plaza and Sky Tower – three of the best-known office buildings in Bucharest, started 2013 with more than 60,000 square meters of space available for rent over about more

23 ian 2013

Several major banks are preparing to introduce “contactless” mobile phone payments to merchants in their standard offer this year after having already conducted pilot projects on using this more

11 ian 2013

Sorina Placinta, shareholder of clothing manufacturer Sorste and former youth and sports minister, says the production price of a blouse is determined based on how long it takes to manufacture it. more

11 ian 2013

The new banking year starts with stepped-up negotiations for the sale of business portfolios; the main sellers are RBS, Citibank and Bank of Cyprus, sources on the market say. more

6 ian 2013

Greek banks in Romania had deposits of EUR4.3 billion left in September last year, down by the equivalent of EUR600 million compared with September 2011, according to data published by shareholders in more

4 ian 2013

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei. more

3 ian 2013

The Romanian leu could stabilize at 4.5 against the euro in 2013 and will see no more sudden fluctuations because the country's political situation has stabilized and the central bank continues to more

29 dec 2012

Early 2012 expectations of a drop in loan rates prompted by the good news coming from the economy and the relaxation of the central bank’s monetary policy did not materialize, and loans are as more

19 dec 2012

The household deposits in Romanian banks increased by 27 billion lei (EUR6.04 billion) over the past three years to RON121 billion at the end of September. more

10 dec 2012

Dutch-held insurer Eureko has to pay EUR6.6 million in damages to a Sibiu-based company for an insurance policy covering transported goods, one of the biggest compensation payments in the history of more

7 dec 2012

The banking system has begun a consolidation process, as seen in part in the decision of some international financial groups to sell some or their entire operations in Romania. More banks will stop more

6 dec 2012

Bankers have ceased promoting loans in lei and even made them more expensive over the past few months. The high interests that once discouraged customers from borrowing in domestic currency are making more

3 dec 2012

The leu last week recovered some of the ground it lost against the euro in recent months. Its newfound strength came at the cost of an increase in interbank rates at the highest level this year, more

20 nov 2012

Foreign-held banks and insurance companies received more than EUR550 million in capital injections this year to offset the huge losses and meet the solvency requirements of the central bank and the more

19 nov 2012

The volume of payments in Romania by card at merchants and online exceeded 17 billion lei (around EUR4 billion) in the first nine months of 2012. more

2 nov 2012

Consumer and mortgage loans in Romanian leu became more expensive in September for the third month in a row and interests on euro loans went down again, making harder the shift to lending in lei for more

31 oct 2012

Andreas Treichl, head of Erste, will pay special bonus if management of Romania’s largest bank BCR is successful in restructuring the bank. more

25 oct 2012

The deposits of individuals and companies were almost flat in September at 194 billion lei (EUR43 billion), according to central bank data, confirming the slowing growth trend of savings. more

22 oct 2012

Romanians households’ net worth was 220 billion lei (EUR48 billion) at the end of last year, down 25% from the peak of 2007, according to central bank data. more