4 mai 2012

The MKB group took an impairment of around EUR169 million on its Romanian investment as early as last year, at a time when the management expected to sell Romexterra Bank for a low price, which would more

30 apr 2012

The new management team of Banca Comerciala Romana, or BCR, has set as main target a return to profit in the medium term. The Romanian central bank has recently approved the appointment of Tomas more

26 apr 2012

Volksbank Romania, the only bank in Central and Eastern Europe still held by Austrian group Volksbank, will be indirectly controlled by the government in Vienna as of Thursday once the nationalization more

26 apr 2012

The Romanian central bank's plan for coping with problems in the banking sector is almost ready. The measures go from the transfer of assets from ailing banks to healthy banks, up to the setting up of more

20 apr 2012

Raiffeisen Bank Romania has started to organize its offer of foreclosed homes, land, cars and other assets, and put it on a specialized website along with photos, maps and technical specifications. more

5 apr 2012

After almost four years at the helm of BCR, British executive Dominic Bruynseels is leaving the largest bank on the market with a visibly stronger position on the corporate banking segment, but weaker more

29 mar 2012

US billionaire Jim Rogers, 69, one of the most influential voices in the global business world, who says the time of financial sophistication is over and bets on a return of manufacturers of real more

29 mar 2012

Back when the previous stand-by arrangement was in place, IMF experts proposed the creation of a bad bank, which would manage ailing assets in the form of non-performing loans in the banking system. more

26 mar 2012

BCR, the largest Romanian bank, ended 2011 with a net loss of 511 million lei (EUR117 million) compared with a profit of RON55.4 million in 2010, according to its filings based on the Romanian more

22 mar 2012

As if the uncertainty coming from foreign markets were not enough, the 2012 banking year appears to be marked by a number of doubts arising from within it and calling for an answer to be found fast more

20 mar 2012

Cristian Sporis, who recently put his banking career on hold to become a secretary of state with the Finance Ministry, where he is in charge of the Treasury, has accumulated about EUR1 million in more

16 mar 2012

Romania’s recent bond sales on the US market have helped the Treasury build up a “comfortable” liquidity buffer that can be used during emergencies, Finance Minister Bogdan Dragoi said Friday. more

15 mar 2012

The planned merger of Greek groups Alpha Bank and EFG Eurobank, which was supposed to create the third-largest bank by assets in Romania, only survived for six months, and was officially buried by the more

14 mar 2012

Aurelian Mihailescu was appointed by the board of Raiffeisen Bank Romania to replace Cristian Sporis as head of the treasury and capital markets department after the latter agreed to take the position more

12 mar 2012

Bogdan Dragoi, who was appointed finance minister a month ago, collected 833,640 lei (almost EUR200,000) from the various positions held in 2011. Half of the money (about EUR105,000) was his pay as a more

7 mar 2012

Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits have more

6 mar 2012

Andreas Treichl, the chief executive of Austria's Erste Group Bank (EBS.RO), says he is confident the finance and transport ministers in Romania's new government will show good performance. more

6 mar 2012

BCR, the largest Romanian bank, will have to resort more to the EUR3 billion external funding program it launched in 2009 because the core local business in Romania needs to be financed locally, says more

5 mar 2012

BRD-SocGen, the second largest bank on the local market by assets and the best profit maker, will drop the strategy used in the past two years when it protected profitability at all costs, a decline more

1 mar 2012

BCR is not an inefficient bank - it has not done badly under the circumstances - and once the economic situation improves, it will be a very profitable bank, says Andreas Treichl, CEO of Erste Group, more

29 feb 2012

Misu Negritoiu, the banker who has been running the local operations of the Dutch-held ING for five years and a half, does not expect 2012 to be any better than 2011 for banks or for the economy as a more

27 feb 2012

Bankers pumped another 5 billion lei (EUR1.15 billion) into the state’s coffers in January by buying government securities, while private-sector loans in local currency fell by EUR1 billion. Figures more

23 feb 2012

ING Bank, the ninth largest bank on the Romanian market by assets, wants to make 2012 the year of lending in lei and plans to focus on selling products in local currency, from consumer loans and cards more

16 feb 2012

Telecom group RCS&RDS recruited the former vice-president of Citibank Romania in charge of corporate banking, Razvan Badalicescu, as manager over finance-accounting. He left the local subsidiary of more

10 feb 2012

Erste Group and its local subsidiary, BCR, will continue to finance the Romanian economy, and will give priority to new leu-denominated loans, while keeping a conservative approach to foreign currency more