1 apr 2013

The management of UniCredit Tiriac Bank, the fifth largest bank in Romania by assets in 2012 will propose the general meeting of shareholders called for April 23 to use the entire 173.1 million more

7 mar 2013

The banking market is not growing, but it does provide many opportunities, partly because of the weakened competition. ING Bank will be active on all customer segments this year and target more

6 mar 2013

A bank like BCR, which has 10% of the national branch network, 20% of the assets, loans or deposits and 15% of the employees in the entire system, cannot be that hard to turn around. It only needs more

4 mar 2013

Romania’s largest bank BCR will have a debt collection unit, staffed by 500 people, operate as standalone company. more

25 feb 2013

Philippe Citerne, former deputy chief executive officer of Societe Generale, and the experts of US management consulting firm Bain&Co, once run by US presidential candidate Mitt Romney have devised more

20 feb 2013

Bancpost and Banca Romaneasca may start preparing for the merger that will create a sounder top ten bank in Romania after the official announcement about the successful bid of National Bank of Greece more

18 feb 2013

Romgaz and BNR (Romania’s central bank) are the only Romanian entities among the ten largest taxpayers in this country. more

11 feb 2013

In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing. more

1 feb 2013

Bancpost, the subsidiary of Greek bank Eurobank, will try to take advantage of the proven stability of deposits attracted and push interest rates offered by Greek-held banks down, says Anthony more

30 ian 2013

After four years of crisis marked by several occasions when it was at the banks’ mercy, the Finance Ministry continues to say “no” to gathering funds from the population, which could be a source more

4 ian 2013

After four years during which the Romanian economy has remained under the threat of recession, it would be high time for the central bank to move away from its “wait and see” approach, says more

26 dec 2012

The Finance Ministry has a foreign currency liquidity reserve of EUR4.4 billion, only EUR200 million more than on May 8, when Florin Georgescu, the suspended first deputy governor of central bank, more

24 dec 2012

Greek group Piraeus, which took over the Romanian operations of ATE Bank (Greece’s Agricultural Bank), intends to sell the Romanian-based insurance firm affiliated to ATE Insurance Romania, more

24 dec 2012

The leu's appreciation trend that started showing last week could continue next year. The conditions for Romania to be seen as an attractive investment by foreign financial investors are there, says more

12 dec 2012

The 6 percent gap between the interest rate on loans in the Romanian currency and that on loans in euros is too high for large companies, which means that even companies who do business exclusively in more

4 dec 2012

Romanian authorities could commit to a multiannual allocation of budget resources necessary to provide the co-financing of EU funds that Romania plans to attract by 2015, if the country enters new more

20 nov 2012

Romanian banker Mihai Ionescu has been recruited by German financial group Deutsche Bank to run its Bucharest office. more

16 nov 2012

Ten banks are currently looking to sell two-year deposits in Romanian lei in order to improve their funding as they are facing a reduction in foreign resources. more

15 nov 2012

Demand for corporate loans is in euros, and UniCredit Tiriac Bank continues to grant loans in foreign currency because it has the necessary resources to do that and believes it is difficult to give more

13 nov 2012

Non-residents, especially banking groups, had EUR7.65 billion deposited in Romanian banks on medium and long-term maturities at the end of September, down EUR841 million from December 2011. more

12 nov 2012

The 41 banks in Romania posted an overall loss in the first nine months of this year, although the results represent an improvement on the EUR192 million-loss recorded in the first half of the year. more

8 nov 2012

Austrian Erste Group has commissioned Czech banker Tomas Spurny, known regionally as an expert in restructuring, to bring Romanian BCR lender back to profit, if possible as early as next year. more

1 nov 2012

The banks that found a German private investor for Romanian insolvent group International Railways Systems also became a shareholder, in a first for the local market. more

31 oct 2012

Andreas Treichl, head of Erste, will pay special bonus if management of Romania’s largest bank BCR is successful in restructuring the bank. more

29 oct 2012

Cristian Sporis has officially become one of the youngest senior managers in a large bank in Romania after the central bank authorized his appointment as executive vice-president of Raiffeisen more