4 apr 2014

The volume of non-residents’ RON and EUR-denominated state paper slid in the first month of this year below the EUR5 billion mark, while the weight of foreigners in the internal public debt more

3 apr 2014

BRD is foreclosing on one of the largest hotels of Azuga, Cautis, and the starting price of the four-star unit stands at 12.8 million lei (EUR2.9 million). more

1 apr 2014

Banca Comerciala Romana, the largest Romanian bank, last year became the owner of the land plot on Calea Victoriei boulevard where is located Bucharest Financial Plazza, the tower that hosts its more

10 mar 2014

Romania's largest lender Banca Comerciala Romana saw its corporate loan portfolio dwindle by RON1.3 billion between September 2013 and November 2013 alone, while its retail loan volume shrank by more

7 mar 2014

The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about the more

6 mar 2014

The banking market is coping with declines, and even the largest players are unable to find ways to grow. However, not less than 20 banks are still operating with market shares of below 1%. Some more

5 mar 2014

Parent banks last year withdrew 70% of funding with maturity of less than one year granted to domestic subsidiaries, namely EUR3.3 billion, marking a speeding up of the deleveraging process. more

27 feb 2014

The affiliation of a leasing company to a major bank does not guarantee a strong position on the market, especially when bad debt affects the leasing portfolio, as well. more

24 feb 2014

Lending market shrank by almost 5% in 2013, but Banca Transilvania (TLV.RO), UniCredit, Raiffeisen and ING continued to boost portfolios, while the leaders of the banking system, BCR and BRD (BRD.RO), more

21 feb 2014

Non-residents held a little more than EUR5 billions’ worth of leu and euro-denominated government paper issued on the Romanian market at the end of 2013. more

11 feb 2014

International Finance Corporation (IFC), the World Bank’s investment arm, will acquire a stake in Romanian information systems integration company Teamnet, according to an announcement posted on the more

10 feb 2014

Banca Romana de Credite si Investitii (BRCI), the second Romanian majority held bank emerging on the local market in the past years after Banca Feroviara, has set up its supervisory board, headed by more

27 ian 2014

Global private investment firm HIG Capital, based in Miami, USA, has negotiated a record deal with Volksbank to buy a package of retail non-performing loans (NPLs) valued at EUR600 million, including more

22 ian 2014

Raiffeisen Bank Romania gained a lot of experience with the takeover of Citi’s retail portfolio (EUR90 million of loans and EUR175 million in deposits) last year and continues to look at acquisition more

21 ian 2014

Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion loss in more

21 ian 2014

The loan/deposit ratio in the banking system came close to a balance in November 2013, standing at 105% compared with 137% in November 2008. more

20 ian 2014

Spanish savings bank CaixaBank, formerly La Caixa, has shut down its Romanian subsidiary six years after launching operations on the local market. more

20 ian 2014

BCR has concluded its ambitious restructuring process started eighteen months ago and has become an efficient bank, said the chief executive of Erste Group Bank (EBS.RO), the owner of Romania's more

16 ian 2014

Bankers doing business in Central and Eastern Europe are entering the new year with the feeling that the light at the end of the crisis tunnel is starting to show, after having felt they were more

15 ian 2014

The dollar-denominated bond issue maturing in 30 years that Romania launched on Tuesday is a first for the country, which had been previously unable to borrow for such a long term due to the high more

6 ian 2014

The visible decline of leu interest rates should revive the demand for loans, but the major obstacle to the market rebound remains the absorption of the huge volume of non-performing loans. more

23 dec 2013

The latest statistical data for 2013 signal an encouraging macroeconomic trend for 2014, when Romania's economic growth is expected to continue. more

11 dec 2013

Heiko Hesse, a former professional football player with major German club Borussia Dortmund, is part of the IMF team that handles review missions of Romania’s new loan agreement, being in charge of more

5 dec 2013

The European Investment Bank (EIB) has provided financing of nearly EUR500 million to Romania this year, of which some EUR200 million went into the banking sector, said Mihai Tanasescu, EIB more

15 nov 2013

BCR and BRD, Romania’s top two lenders, continued the deleveraging process in the third quarter of the year. The fact that market leaders are narrowing their exposure to the corporate sector keeps more