11 iul 2016

New loans for consumers beat new corporate loans in Romania for the first time ever. After having had to deal with corporate insolvencies in the range of billions of euros, banks prefer to work with more

23 mai 2016

In one year, state-run Nuclearelectrica (SNN.RO) and Romgaz (SNG.RO) stock prices dropped 33% and 38%, which means the Energy Ministry’s stakes are worth about 4.3 billion lei (about EUR1 billion) more

12 mai 2016

Raiffeisen Bank International’s Romanian operations generated EUR28 million profit in the first quarter, an increase of 12% on the same quarter last year, after provision costs halved, the quarterly more

28 apr 2016

The leu-denominated loans granted to consumers to buy homes have doubled to 21 billion lei (EUR4.7 billion) in the past year (March 2015 to March 2016), while foreign currency loans dropped by RON3 more

25 apr 2016

BCR, BRD and Banca Transilvania, the three largest banks in Romania by assets, are looking for buyers for about 3,000 foreclosed houses and apartments, which they are offering for sale at lower prices more

5 apr 2016

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28 mar 2016

Leu-denominated consumer loans reached 31.6 billion (EUR7 billion) in February, an increase of 14% on the year-ago month. Leu-denominated personal loans therefore reached the highest level since May more

17 mar 2016

The debt collection market rose by 11% to EUR1.6 billion (debt referred) last year, largely because of the corporate segment, but started from a very low base. more

19 feb 2016

Polish-held debt collection specialist Kruk is managing about one million receivables worth 8.6 billion lei (almost EUR2 billion), 600,000 of which bank loans that may be worth up to 80% of that. more

18 feb 2016

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11 feb 2016

Leu-denominated consumer loans granted by banks reached 33 billion lei (EUR7.3 billion) at the end of last year, an increase of almost 11% on 2014, according to Romania’s central bank data. This is more

10 feb 2016

Romania is getting capital inflows, which will only boost liquidity in the banking system even further, causing interest rates to drop. However, Romania’s central bank governor Mugur Isarescu, who more

9 feb 2016

Negative interest rates have become some kind of dominoes of the central bank elite where if one piece falls, the other do. more

14 ian 2016

The leu/euro exchange rate should remain stable this year, with a clear trend to gain ground against the euro, as Romania’s central bank might pursue a more predictable policy and less volatile more

13 ian 2016

Loans to the agricultural sector saw the fastest increase in January-November 2015, compared with the same time in 2014, 8%, while other sectors like industry and services saw only modest increase. On more

11 ian 2016

Individual customers made 6.4 billion lei (EUR1.41 billion) deposits with local banks in November, the lowest level of leu-denominated monthly savings since December 2008, Romania’s central bank more

7 ian 2016

The year 2016 came with a first for the post-communist interbank market in Romania: the three-month ROBOR, used as a reference for the cost of leu loans fell to the all-time low of 0.98% per annum on more

5 ian 2016

Most analysts expect Romania’s central bank (BNR) to keep the key rate at the all-time low of 1.75% this year, but signs of economy overheating and inflation returning to positive territory might more

28 dec 2015

The currency in circulation, which contributes directly to the development of the informal economy, rose to an all-time high of 45.5 billion (EUR10 billion) in November, an increase of 17% on the more

22 dec 2015

Banks granted 53.5 billion lei (EUR11.9 billion) worth of new leu, euro and US dollar-denominated loans to consumers and companies in the first ten months of the year. New leu-denominated loans more

16 dec 2015

Agriculture is the only sector that had borrowed more money by the end of October compared with October last year (a 2% increase in loans taken), while the rest of the sectors (industry, services, more

11 dec 2015

BCR, BRD, Banca Transilvania, Raiffeisen and CEC Bank, some of the largest lenders in Romania whose websites show information about foreclosed homes, are looking for buyers for about 3,700 such more

19 nov 2015

Foreign banks lowered exposure to the Romanian economy by $5.6 billion in the past year (July 2014-June 2015) in one of the biggest deleveraging moves in Eastern Europe. more

12 nov 2015

Banks sold 11 billion lei (EUR2.5 billion) in consumer loans in the first nine months, the highest level in the past six years. Sales of leu-denominated consumer loans were RON3 billion higher than in more

4 nov 2015

BCR, BRD and CEC Bank are the top three banks in Romania by size of ATM networks, accounting for 40% of the total number of such machines in the country. more