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

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