13 aug 2015

Romania’s state-run lender EximBank enforced a dualist management system, with Vasile Secares as president of the bank’s Administration Council and Traian Halalai as general manager. more

12 aug 2015

Greek-owned lender Piraeus Bank announced Monday it sold its 5% stake in insurance broker Piraeus Broker (PIRBR) to two Greek businessmen. more

12 aug 2015

The banks participating to the First Home scheme have granted more than 150,000 government-secured loans worth 25 billion lei (EUR6 billion) to people looking to buy a home since 2009. more

4 aug 2015

Romania’s cash-ins from value-added tax VAT was up 15.5% in January to July, at 34 billion lei, after the VAT rate was lowered to 9% on food as of June 1st, according to the Tax Authority ANAF. more

4 aug 2015

Foreign currency transactions totaled EUR1.5 billion in July, EUR100 million higher compared with a month before but similar with the same period a year ago. more

3 aug 2015

The ten largest banks in Romania laid off 8,000 people in the past six years, but their personnel spending remained unchanged at more than 3 billion lei. more

8 iul 2015

The denomination of the leu in July 2005, when Romania’s currency shed four zeroes, came at a time when the economy was leaving behind a long inflationary period and was an action from which ‘no more

1 iul 2015

The tenth anniversary of the hard leu, which no one had thought would live more than seven to ten years in 2005 (expectation at the time was that the shift to the euro would happen soon after the EU more

30 iun 2015

Non-performing loans decreased to 13.5% of all household and corporate lending in April, compared with 20% during the same period a year before, according to central bank data. more

30 iun 2015

The loan to deposit ratio, one of the indicators of the lending potential of the banking system, reached 93% at the end of May, the highest this year, driven by the resurgence of loan sales and the more

25 iun 2015

Five of the top ten banks in Romania are now offering less than 1% interest per annum for one-month deposits, while the one-year deposits get 0.7% to 2.7%. The abundant supply of cash on the market more

15 iun 2015

The agriculture and industry sectors registered a positive lending demand in April compared with the same period a year ago, while financing to construction sector fell 8%, according to data of the more

10 iun 2015

Boosting the loan volume is not a goal in itself for banks, the important thing is the direction where the new lending is headed, which is showing the first signs that demand from customers is more

9 iun 2015

Banks will have to get used to narrow interest spreads, now that loans have become significantly cheaper, which means they will have to do something about costs and one of the main solutions to adjust more

8 iun 2015

Banks granted new loans worth over 15 billion lei (almost EUR3.5 billion) in January-April, more than three quarters of which leu denominated, according to central bank data. more

19 mai 2015

billion) from cash dispensers in January-March, while payments at merchants made with the 11 million active cards amounted to RON7.8 billion, an 18% increase on the year-ago period. more

23 apr 2015

The top ten players on Romania’s leasing market, most of them owned by banking groups, in 2014 held an overall market share of 83%, compared with 55% eight years ago, according to data provided by more

22 apr 2015

Checks and promissory notes worth 2.3 billion lei (EUR520 million) bounced in the first three months of this year, 44% above the level of 1Q, 2014, as banks could not find enough cash in the accounts more

20 apr 2015

The number of home buying loans overshot the 300,000 mark, driven by the leu lending. The stock of leu-denominated mortgage loans tripled in one year to more than 10 billion lei (EUR2.3 billion). more

15 apr 2015

BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009. more

2 apr 2015

Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015 expects a more

18 mar 2015

Non-residents, mostly financial groups, had EUR5.7 billion placed in medium and long-term deposits at Romanian banks at the end of January, about EUR800 million less than in the same period a year more

5 mar 2015

The US dollar has gained 22% in the past year and overshot the 4 lei-mark on Wednesday for the first time ever, bringing unexpected profits to those who kept their savings in dollars and to the more

26 feb 2015

The cash in circulation reached an all-time high of 41 billion lei (more than EUR9 billion) last month, an increase of 16% on the same time last year. The growth in January alone stood at 2% or RON750 more

24 feb 2015

The seven local banks that issue contactless cards (which enable card holders to make small payments without having to pass the card through a POS or input the PIN) have reached more than 1.3 million more