15 oct 2015

Local banks had about EUR5.3 billion in medium and long-term deposits made by foreign clients, mostly support from parent banks, at the end of August, an increase of EUR100 million on the previous more

14 oct 2015

Individual customers took out 2.2 billion lei (EUR498 million) new loans in August, RON700 million more than in August 2014. more

7 oct 2015

BCR Leasing, a top ten company on the financial leasing market, will vote in stockholders’ meeting November 4 on whether to reduce the company’s share capital through diminishing the face value of more

28 sep 2015

Cluj, Timis and Constanta were the counties with the highest volume of deposits made by individuals and companies with banks at the end of August, while Giurgiu, Mehedinti and Calarasi recorded the more

24 sep 2015

Analysts with ING Bank Romania, the local unit of Dutch-registered ING Bank NV, expect a high-value repurchasing agreement operation next week, without making an estimate on the actual amount. more

22 sep 2015

Four Romanian and Swedish entrepreneurs launched Monday Lendia online platform for customized loan offers on the local market targeting natural persons. more

21 sep 2015

Romania’s central bank (BNR) encourages the consolidation of the local banking system because the number of existing lenders is too high for the business the economy, companies and individuals can more

15 sep 2015

Romania has two high earners in the banking business, who make more than EUR1 million a year, one of whom working on a top management position and the other in investment banking, according to the more

8 sep 2015

The number of people who are more than 30 days behind on their payments on loans taken out from banks and non-bank financial institutions reached about 717,400 at the end of July, 9% higher than the more

4 sep 2015

Volksbank Romania will dissolve its asset management unit Volksbank Services, operating on the non-banking sector, according to a decision published on the Official Gazette. more

3 sep 2015

The Romanian factoring market reached at EUR1.5 billion (nearly 6.7 billion) in the first semester, up 38% or EUR400 million compared with the same period in 2014, on the backdrop of domesticfactoring more

2 sep 2015

Individual customers took out 2.6 billion lei (EUR586 million) new leu-denominated loans in July, RON800 million more than in the year-ago month, while companies borrowed RON1.9 billion worth (EUR430 more

31 aug 2015

Loans granted to companies and individuals by non-banking financial institutions (NBFIs) included in the central bank's general registry reached RON28 billion (EUR6.3 billion) at the end of June 2015, more

17 aug 2015

Credit Agricole Romania, the local subsidiary of French banking group Credit Agricole, approved in stockholders’ meeting the mandate extension of Pierre Martin as vice-president with the bank’s more

17 aug 2015

Alpha Bank, ranking 8th in the Romanian banking system, closed down three of its units in Resita, Miercurea Ciuc and Arad, as part of territorial optimization plans. more

17 aug 2015

Non-residents’ medium and long-term deposits, which are mostly a form of support from parent banks abroad, stood at EUR5.4 billion (24 billion lei equivalent) at the end of June, down EUR500 million more

14 aug 2015

The three largest banks in Romania posted decline in interest income in the first half and the ranking by assets remained unchanged even after the completion of the deal between Banca Transilvania and more

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