8 feb 2012

The customers’ experience when dealing with their bank has to dramatically change in Romania, there must no longer be such situations when the bank sells them something they do not need. The more

6 feb 2012

Romania's central bank (BNR) has managed, by easing its monetary policy, to make loans cheaper in December than in previous months, but interest rates are still above the level recorded at the end of more

1 feb 2012

Romania’s Finance Ministry attracted the highest financing offer in dollars ever registered by a country in the region. more

31 ian 2012

After being announced in late August 2011, the merger of Greek banking groups Alpha Bank and Eurobank, which should have created the third-ranking lender by assets on the Romanian market – Alpha more

27 ian 2012

After several months of rumors and speculations, Austria’s Erste Group is ready to publicly announce all the changes it decided to make to the management of its Romanian unit BCR, the largest bank more

24 ian 2012

After more than five years as executive vice-president at BCR, the largest Romanian bank, Oana Petrescu says that her training as a consultant influenced her management style and once the major more

18 ian 2012

The governor of the central bank of Austria, Ewald Nowotny, says publicly he does not intend to drastically restrict the position of Austrian banks in the region, but unofficially continues to press more

18 ian 2012

Bancpost and Alpha Bank, the Romanian units of Greek banks EFG Eurobank and Alpha Bank, which should have completed their merger in legal terms by the end of 2011, do not have a calendar or a plan to more

13 ian 2012

Romania’s largest lender by assets Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, estimates a pretax profit of 516 million lei (EUR120 million) in 2012, people in the banking more

12 ian 2012

Austrian lender Erste has recruited Sergiu Manea for a newly created position of executive vice-president for investment banking at Romanian BCR, and the appointment is awaiting the central bank’s more

11 ian 2012

With two months - October and November - in which the volume of transactions exceeded the EUR40 billion mark, the interbank forex market did not match the all-time record hit in October 2008, when more

10 ian 2012

Dominic Bruynseels, who has been running BCR since the summer of 2008, should leave his position with the largest bank on the Romanian market owned by Austria’s Erste by the end of the first more

10 ian 2012

Romania’s big challenge this year will be to advertise on the international market, so that it would differentiate itself from countries in trouble in the region and borrow at reasonable terms, says more

10 ian 2012

Dutch-born Steven van Groningen, who has been president and chief executive officer of Raiffeisen Bank Romania since 2002, has negotiated a new term at the helm of Raiffeisen's local subsidiary with more

4 ian 2012

A EUR700 million eurobond, almost EUR800 million worth of bonds issued on the domestic market, as well as the first larger installment on the giant loan from the International Monetary Fund and the more

27 dec 2011

2011 is ending with several announcements regarding the top management teams of the top two Romanian banks – BCR and BRD, as well as with rumors and speculations concerning prospective new moves on more

21 dec 2011

Romania is facing a strong credit crisis, as well as prospects of banks that are part of foreign groups limiting their funding even further, so it has no excuses for postponing the construction of a more

17 dec 2011

Romania needs public policies that would enhance domestic saving if it wants to benefit from additional liquidity estimated at around 17 to 18 billion lei (approximately EUR4 billion), said Ionut more

15 dec 2011

Romania has a 2012 budget draft in the Parliament that promises to slash budget deficit to 1.9% of the gross domestic product, the country posted a spectacular economic growth of 4.4% in the third more

6 dec 2011

Romania is a key market for Raiffeisen and the Austrian group has no intention of abandoning its local businesses, since this is a strategic, long-term investment, which remains profitable despite the more

1 dec 2011

New types of deposits with maturities of two years and of eight months, mortgage loans meant to encourage financing in lei, supplying all branches with special machines for non-stop operations, the more

29 nov 2011

The big question in 2012 is how do we inject “financial substance” into the economy when the current fiscal policy sends out a procyclic impulse toward contraction, while bank loans are getting more

28 nov 2011

Andreas Treichl, the man who has been at the helm of Austria's Erste Group Bank (EBS.RO) since 1997, could be confirmed for another term as chief executive officer as early as next month, as his more

25 nov 2011

The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstruction and more

23 nov 2011

Risk premiums in the region have jumped again, local financial markets have contracted and a wave of catastrophic predictions about euro zone banks cutting their financing shook Central and Eastern more