11 nov 2013

The Romanian central bank’s current board ought to bring minimum reserve requirements closer to the European level (1% as of 2012) by the time a new board takes over starting next fall, said deputy more

5 nov 2013

Respected French economist Michel Camdessus, who ran the International Monetary Fund for 13 years, will this month be the special guest at ZF’s Gala that will mark the newspaper’s 15-year more

4 nov 2013

Banca Transilvania (TLV.RO), the Romanian bank that has gained around 2.5% of market share since the beginning of the crisis, has no skeletons in its closet, says Omer Tetik, the bank’s CEO. He more

4 nov 2013

The three major rating agencies Standard & Poor’s (S&P), Moody’s and Fitch have not improved their assessment of Romania’s country risk, despite the fact that the country has been praised as more

29 oct 2013

RCS&RDS, one of the largest telecom operators in Romania, has sold EUR450 million worth of secured bonds on the international markets at a 7.5% yield, the lower end of the indicative yield range, more

28 oct 2013

September completed the picture of a budget execution centered on fulfilling the electoral campaign obligations of the Social-Liberal Union, in total disregard for the dire need for investments of the more

28 oct 2013

Banks’ supremacy on the market of government bonds is about to end after local clients of government bonds, who include pension funds, as well as foreign clients have boosted their portfolios to more

24 oct 2013

Lower interest rates do manage to stimulate the demand for loans, as proved by the 2% increase in leu-denominated loans in September after the 3-month ROBOR (the offered rate on the interbank market) more

16 oct 2013

Banks, companies in the industrial sector and local authorities in Romania have borrowed over EUR1 billion in the past year from the three major international financial institutions – the World more

14 oct 2013

Intesa Sanpaolo, one of the top ten banks in the eurozone by stock exchange capitalization (EUR25 billion) once again has plans to grow its Romanian business after cleaning up its local portfolio. more

1 oct 2013

The foreign funding of banks in Romania dropped to nearly EUR19 billion in August, which translates into a EUR2.6 billion decline in the past year and a EUR4.6 billion decline in the past two years, more

1 oct 2013

The volume of loans overdue by at least one day continued to climb in August and shows no sign of slowing down. The total value of overdue loans recorded by the banking sector hit a new peak of 33.3 more

30 sep 2013

The private banking division of UniCredit Tiriac Bank has reached a portfolio of nearly 3,000 clients following the transaction completed earlier this month whereby the bank took over all the retail more

27 sep 2013

Czech Tomas Spurny, who took the helm of Romania’s largest bank BCR in April 2012, has managed to bring the bank back to profit at the end of the first half of 2013. more

20 sep 2013

The fees paid by Romania to managers of external bond issues went from several hundred thousand euros to over one million euros. more

9 sep 2013

Romania’s central bank still has its reservations when it comes to allowing banks to write off bad loans (completely erase the value of non-performing loans), because it doesn’t consider it wise more

29 aug 2013

The deleveraging process of foreign banks in Romania is not done yet and will become even worse because parent banks are asking for their money back, says Nicolae Cinteza, head of the Supervisory more

14 aug 2013

Stefan Nanu, Romania’s representative at the World Bank in the past four years, will as of next month resume his job as general manager of the state’s Treasury, which he had left in 2009 with a more

13 aug 2013

The banking sector ended the first six months of this year in the black, with the overall net profit amounting to 1.15 billion lei, according to data from central bank BNR. This comes after a loss of more

8 aug 2013

Almost EUR7 billion entered Romania by the end of May in the form of investments in government bonds in lei and euros issued on the Romanian market by the Finance Ministry, according to Treasury data, more

6 aug 2013

For the second year in a row, members of the board of directors of the Romanian central bank BNR reveal the names of banks where they hold current accounts and deposits through their personal more

26 iul 2013

Deutsche Bank, a former contender in the 2005 privatization race for Romania’s largest bank BCR, has been looking for office space in Bucharest for several months now. The group intends to open a more

22 iul 2013

The most powerful foreign banker to have visited Bucharest in the past few years says he is confident in the rebound of the Romanian economy. more

18 iul 2013

Romanian-controlled banks are on their way to extinction, with multiple factors at play: the indiscriminate privatizations conducted in the previous decade amid pressure from external creditors, more

17 iul 2013

Production of new loans did not recover in the first five months of the year, with the ratio of non-performing loans exceeding 20% in May and no spectacular progress in terms of cutting operating more