6 iul 2011

An increasingly pressing question for the banking sector is the fate of the over 6,000 branches still open despite the very low demand for loans, and consolidation will be inevitable, says Steven van more

21 iun 2011

Bankers now only pretend to grant loans, by fighting to take clients from one another, says Elena Petculescu, honorary president of Bancpost. “I am very happy that we ourselves get new clients more

20 iun 2011

The current anomalies of the retail lending market have been generated by regulations imposed by the National Bank of Romania, or BNR, at some point, as solutions to certain situations, but the new more

20 iun 2011

Alina Pascu has resigned from her position of deputy general manager at Romanian lender Banca Feroviara, controlled by businessman Valer Blidar, after just six months with the bank, said people close more

20 iun 2011

Societe Generale and Erste Group, the two banks hired as lead managers of the EUR1.5 billion bond issue launched by Romania a week ago on international markets, collected a fee of 0.075% of the deal more

17 iun 2011

The first three months of this year were frustrating as financing deals under discussion were making no headway, but several projects are nearing completion in summer, says Mihaela Bitu, ING Bank's more

15 iun 2011

UniCredit Tiriac Bank, controlled by Italy’s UniCredit Group, is set to move its central office into a new 15-floor building on Expozitiei Boulevard nearby the World Trade Center in the first more

14 iun 2011

The only thing Romania can do to boost economic growth is to assume an additional budget gap by granting state guarantees for crucial infrastructure projects, says Sebastian Vladescu, a former finance more

13 iun 2011

The record-high EUR1.5 billion raised by the Finance Ministry last week from the foreign markets brings to over EUR4.5 billion the foreign currency debt accumulated by Romania since the beginning of more

10 iun 2011

German Gref, CEO of Russian banking giant Sberbank, was recently in Vienna recently to participate in the negotiations to take over the assets of Volksbank International, where the Romanian more

9 iun 2011

After more than a year, Romania returns to the international markets with an euro-denominated bond issue, the first in a program poised to raise EUR7 billion. more

7 iun 2011

Italy’s UniCredit group, which controls the seventh domestic bank by assets, UniCredit Tiriac Bank, is opening up on a possible acquisition as an alternative to the classic business expansion more

6 iun 2011

Romanian companies have a number of opportunities to “dilute” reliance on exports to Western European markets. Several projects on the North African and Middle Eastern markets (especially Iraq) more

6 iun 2011

The inflows of foreign capital on the Romanian market that led to the recent appreciation of the leu are the result of some financial investments based on yield and risk assessments compared with more

2 iun 2011

Romania has registered its euro medium-term financing program (EMTN – Euro Medium Term Note), worth up to EUR7 billion, with the Luxembourg stock exchange. Next Monday will see the start in London more

31 mai 2011

Four banks operating in Romania, one accounting for over 5% of the market, are waiting for investors to buy them in 2012-2013 at the latest, according to the official announcements made by the current more

31 mai 2011

Assets halving to 1.6 billion lei (about EUR388 million), a 76% rise in provisions for non-performing loans, a 23% personnel cut, the deterioration of the cost/income ratio to over 75% and losses more