24 oct 2012

The exposure of international banking groups to the Romanian market fell by more than half a billion euros in the first half of the year mainly because of the continued decline of Greek banks' more

15 oct 2012

Romania will need a new and more advanced agreement with the International Monetary Fund and the European Commission next year and, by accelerating the reforms agreed upon with its external partners, more

3 oct 2012

A hasty privatization is more likely to have negative consequences and the state should look for a long-term investor that would bring technology and create jobs, rather than having the price as its more

27 sep 2012

Eximbank’s general meeting of shareholders is to discuss the appointment of a new top management team during its meeting on Thursday at noon. The nominees backed by the Finance Ministry, the more

14 sep 2012

The banking system in Romania saw EUR53 million in capital increases in the first half, 14% of the entire last year’s. more

6 sep 2012

Romania’s central bank is expecting all bankers to submit their audited first-half financial statements, as the market supervisors are now watching more strictly than ever how banks set up more

16 aug 2012

Volksbank Romania, which ended last year with a loss of around EUR95 million according to international reporting standards, has decided to shed almost 170 jobs as part of restructuring measures in a more

7 aug 2012

UK’s state-run RBS is taking concrete steps towards putting into practice its strategy to withdraw from its Romanian retail business and focus on services for corporate clients: 350 employees more

18 iul 2012

Sales of foreign currency from the reserve of the state’s Treasury to central bank BNR, a significantly lower offering of short-term government securities, the halving of overall amounts borrowed more

10 iul 2012

Six members of the executive team of BCR, the largest bank on the market, received overall compensation of over EUR1.8 million in 2011 as salary before tax, while the performance bonus was zero. more

7 iun 2012

Sergiu Manea, one of the veterans of the Romanian banking system has returned as chief executive of ATE Bank, the local branch of the Agricultural Bank of Greece, replacing Sotirios Skandamis. more

31 mai 2012

Romania is exposed to the risk of contagion with the Greek banking market, including through the over EUR4 billion financing lines with Greek banks, which can become uncertain, but the Romanian more

25 mai 2012

Greek financial group Eurobank continues its effort to restore the profitability of Bancpost, the tenth largest bank in Romania by assets by putting a Greek banker in charge. The banker, Anthony more

24 mai 2012

Greek-held banks in Romania have a solvency ratio that is two percentage points above the banking system average, their obligations are well covered in cash and government paper and the shareholders more

24 mai 2012

Peter Weiss, the Dutch executive who took the position of chief executive officer of Bancpost in early 2011, will leave the bank. more

23 mai 2012

The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently the more

23 mai 2012

Updating Romania’s public debt management strategy, with an emphasis on limiting the annual rates and interests as share of the gross domestic product, stimulating authorized primary dealers to more

21 mai 2012

The fast, excessive and erratic reduction of lending by euro zone banks on the local market is the greatest risk threatening Romania, the central bank (BNR) believes, as a consequence of the more

21 mai 2012

Marinel Burduja is getting ready to conclude the most important period of his banking career - the ten years during which he built the corporate banking division of Raiffeisen, but says he is full of more

16 mai 2012

The corporate sector comes with requests for financing to the bank, most of them eligible, but they tend to focus on cost streamlining and on improving productivity rather than on boosting capacity, more

11 mai 2012

The significant reduction in the exposure of eurozone parent banks to financial markets in the region, including Romania, and the higher volatility of capital flows in general, have become two of the more

11 mai 2012

Razvan Badalicescu, former executive vice-president in charge of the corporate banking division of Citibank, has left the telecom group RCS&RDS only a few months after joining the company's management more

9 mai 2012

Gheorghe Gherghina, also known as the “father of the budget”, Serban Pop, recently appointed at the helm of the fiscal authorities, and Cristian Sporis, the banker turned secretary of state in more

7 mai 2012

Volksbank Austria will sell its 51% stake in the vehicle that controls Volksbank Romania “under the best terms and as soon as possible,” according to the set of conditions part of the group’s more

7 mai 2012

Austria’s Erste has finished cleaning up its loan portfolio in Hungary but the process continues in Romania with BCR, where the group plans to raise the degree of coverage of non-performing loans more