1 aug 2014

UniCredit is readying to sign with RBS an agreement to take over its corporate portfolio in Romania, after the British bank had ceded its domestic retail portfolio to the same group. more

11 iul 2014

OTP Bank, the local branch of the largest Hungarian financial group, is one step away from completing talks with Portugal’s Millennium to buy its Romanian subsidiary. The move would allow it to more

10 iul 2014

The exposure of Austrian banks to Romania fell by EUR5 billion to EUR25.8 billion at the end of 2013 from a high of more than EUR30 billion in the spring and summer of 2011. more

9 iul 2014

An encouraging sign at the top of the bank ranking by assets: BCR, the largest lender in Romania, stopped losing market share and even grew slightly in the first five months of the year from a 17.5% more

30 iun 2014

The value of private lending, as share in the gross domestic product, has returned to 2007 levels in Romania, and is on the way for further declines. more

9 iun 2014

The ten large banks in Romania, with more than 3% market share, did not help revive lending in the first quarter of 2014 either, as the only one of the pack to have seen a significant increase in loan more

5 iun 2014

Romanian banks have left the crisis behind, but moves to reduce paperwork and streamline operations with a view of slashing costs and luring new clients are still scarce and unevenly applied. more

4 iun 2014

The banking system’s profitability figures were deeply corrected downwards from the initial amount reported by the Romanian central bank in the wake of moves by some auditors to revise the figures more

2 iun 2014

Banks will be allowed to remove from their balance sheets six billion lei (EUR1.36 billion) worth of non-performing loans (NPLs) fully provisioned for and without any reasonable hope of recovery, more

28 mai 2014

Agriculture has gained importance in bankers’ eyes since the crisis onset, advancing from 2.2% in the total portfolio of the banking sector in 2008, to 3.6% in 2012, but the level stayed unchanged more

26 mai 2014

BRD has coped with the crisis fallout in the past two years, but this does not mean it’s become a weak entity, says Bernardo Sanchez Incera, deputy chief executive officer of Societe Generale, the more

20 mai 2014

The Romanian unit of RBS, which became a branch of UK’s The Royal Bank of Scotland, Edinburgh, last September, returned among profitable banks in 2013 thanks to its 9.1 million lei (EUR2 million) more

16 mai 2014

Both in Romania and in Europe, there are significant sums available for purchases of bad loans, but a certain deadlock is created by banks’ price demands, states Mihai Ionescu, Deutsche Bank manager more

15 mai 2014

Foreign markets no longer see Romania as a high risk investment, so the credit default swap level has stabilized at about 150 basis points in the past week after five years of crisis when Romania’s more

14 mai 2014

After having sold its retail business and a set of non-performing corporate loans in 2013, UK's Royal Bank of Scotland now has a branch with a small market share left in Romania. more

5 mai 2014

Financial group UniCredit Tiriac Bank, which includes the fourth bank in Romania by assets and consumer finance company UniCredit Consumer Financing, aims to increase the volume of loans granted to more

30 apr 2014

Starting May, the treasury of state-owned bank EximBank will be headed by Dorin Badea, an expert in the field who held for a short time the position of vice-president of the recently set up Banca more

29 apr 2014

Romania is faring better than he would have thought, one can feel a positive balance that is hard to find in many other parts of Europe, it’s clear the worst has been left behind and this is a good more

23 apr 2014

Raiffeisen, the most profitable bank in 2013 thanks to its 458 million lei (EUR103 million) net income, feels comfortable with its provision level, says Steven van Groningen, chief executive officer more

22 apr 2014

Credit Agricole, the Romanian subsidiary of one of the strongest French banking groups, reported net loss of 28.2 million lei (EUR6.3 million) for 2013 after having posted a negative result of RON27.3 more

18 apr 2014

The stock of loans granted by non-bank financial institutions (NBFI) has shrunk by almost 6 billion lei (EUR1.34 billion) or 25% to RON18 billion from the end of 2009 through February 2014, according more

17 apr 2014

The banking system posted cumulated net profit of around 500 million lei (EUR112 million) at the end of February, slightly higher than the gain for the entire 2013, though bankers complained about the more

16 apr 2014

BCR’s retail loan portfolio in the first quarter of 2014 posted growth for the first time in three years as a rebound in consumer confidence has been felt starting the first half of the year, said more

15 apr 2014

Foreigners’ medium and long-term deposits at domestic banks, particularly forms of support from parent banks, stabilized during the February-March period at around EUR6.5 billion, signaling a break more

14 apr 2014

Leu and euro-denominated loan costs have become comparable, but the Romanian central bank needs to carefully monitor the volatility of interbank market interest rates so that foreign currency risks more