17 dec 2011

Bankers are having a tough time digesting the economic crisis, which is now entering its fourth year, and this is clearly shown in the results. After record profits in 2008, the peak year, of more more

14 dec 2011

Banking employees continue to be the best-paid workers in Romania, earning twice as much as the average salary. According to end-of-September data, the average monthly net salary in the 40 banks in more

9 dec 2011

The ranking of Romanian banks at the end of September indicates a few changes in the top 10 by assets, but the banks’ balance sheets, the quality of loans and of clients, and the daily activity are more

30 nov 2011

Romanian internet and telecom operator RCS&RDS has taken out a EUR200 million syndicated loan from Banca Comerciala Romana (BCR), CEC Bank and Switzerland’s Credit Suisse. more

16 nov 2011

Banca Centrala Cooperatista Creditcoop (Central Cooperative Bank Creditcoop), with its 47 subordinated cooperative banks, hopes to end the year with a gross profit of 12 million lei and overall assets more

1 nov 2011

The better than expected economic growth in the third quarter, which President Traian Basescu puts at 3%, is driving analysts’ estimates for the entire year up towards 2% compared with 1.5% as more

1 nov 2011

Telecom operator RCS&RDS, controlled by businessman Zoltan Teszari, is in talks with a group of banks over a EUR300 million loan. The five-year loan will be used to settle maturing debt. more

31 oct 2011

The National Bank of Romania (BNR) is to complete and approve the regulations of the operation of a new financial institution on the local market - the so-called bridge bank, which should be able to more

31 oct 2011

Dan Pascariu, chairman of the Supervisory Board of UniCredit Tiriac Bank, believes the Romanian government lacks the money to create or buy a large bank that can make a difference on the market. more

28 oct 2011

The financial system invests in the future, takes on risks, so it is impossible for it not to be in offside position from time to time. Financial crises cannot be avoided, they can only be minimized, more

14 oct 2011

Gheorghe Ionescu, one of the businesspeople closest in touch with what is going in Romania, has made his first public appearance in a decade, as he attended inauguration of the new Jilava plant of the more

13 oct 2011

Nicolae Cinteza, head of the supervisory department of the Romanian central bank (BNR), says the new lending regulations, which introduce tighter terms especially for consumer loans, are a tool more

26 sep 2011

The new European fund czar Leonard Orban, who was Romania’s first commissioner to Brussels for three years and a half, makes a huge bet a little while after taking his position as minister of more

5 sep 2011

Romania's Finance Ministry wants to raise money from the U.S. market this fall by selling US dollar-denominated bonds in a bid to diversify attracted resources and also find other investors to support more

24 aug 2011

The National Bank of Romania (BNR) will discuss cutting the monetary policy interest rate and the minimum leu reserve requirements this fall in order to encourage lending in the local currency, once more

18 aug 2011

The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are seeing their more

1 iul 2011

Central bank governor Mugur Isarescu on Thursday for the first time publicly warned bankers that a long period of restrictions would follow in the banking business, more specifically as far as lending more