22 nov 2011

Erste Group, UniCredit Bank Austria, and Raiffeisen Bank International-- the respective owners of Romanian lenders BCR, UniCredit Tiriac Bank and Raiffeisen Bank Romania--will only increase lending in more

22 nov 2011

The pressure on leu interests will go up again and the government will remain trapped in short-term funding on the local market. In a worst case scenario, Romania might end up borrowing money from the more

18 nov 2011

The Finance Ministry picked a really bad moment to try to sell bonds on the U.S. market and had to postpone the loan. Romania intended to borrow between $1 billion and $2 billion from the U.S more

18 nov 2011

A higher appetite for saving money rather than borrowing it, more inquiries about leu loans, the lack of prospects for cheaper loans in general and the decline of the consumer lending market because more

17 nov 2011

BRD-Societe Generale (BRD.RO), the second-largest bank on the local market, will on December 12 buy back RON735 million worth of bonds issued five years ago at a fixed interest rate of 7.75% per year, more

14 nov 2011

State-held CEC Bank is selling until January 15 2012 leu-denominated mortgage loans with a fixed interest of 5.97% in the first year, after which it charges a margin of just 1.75 percent above more

11 nov 2011

The bridge bank – the latest concept of financial institution to be launched on the Romanian market – is a lending institution that could appear on the market when the National Bank of Romania more

10 nov 2011

Past due payments on individual loans exceeded the 7 billion lei (EUR1.6 billion) mark in September, rising 42% in the past year. The volume of overdue household loans tripled against September 2009. more

9 nov 2011

The National Bank monitors banks’ liquidity and solvency and has so far noticed no net capital outflows, but does not rule out such moves occurring in the future. more

7 nov 2011

Romania’s central bank has prepared the legislation enabling Romania to have a bank restructuring fund, whose resources will be possible to use to finance the measures taken to stabilize a troubled more

2 nov 2011

The scenario under which foreign banks will reduce their exposure to Romania because of capital needs is already likely to become reality, not just a risk, and capital repatriations can be stopped by more

1 nov 2011

The better than expected economic growth in the third quarter, which President Traian Basescu puts at 3%, is driving analysts’ estimates for the entire year up towards 2% compared with 1.5% as more

27 oct 2011

The risk of foreign banks starting to repatriate capital has alarmed the authorities so much that President Traian Basescu, the Finance Ministry and the National Bank (BNR) are talking in unison about more

27 oct 2011

Romania is the fourth most vulnerable country if euro zone banks decide to cut their exposure, with debts to such lenders amounting to around 38% of GDP, according to an analysis of UK’s Barclays more

25 oct 2011

Threatened by a new wave of recession, Romania is faced with the real danger of foreign banks halting financing; the leaders of the euro zone should find a solution resembling the former Vienna more

24 oct 2011

Alpha Bank Romania and Bancpost, two top 10 banks in Romania, and their clients were set to find out on Monday what the merger of their parent banks would look like, in the wake of the extraordinary more

19 oct 2011

Inflation continued to decline fast in the last few months, going below 4%, yet many banks continue to pay over 7% yearly interests to keep their clients and compensate for the lesser support from more

15 oct 2011

The uncontrollable dynamics of the current economic crisis naturally causes fear, but the Western Europe will ultimately find solutions and avoid a catastrophe, even though costs may be high, says Dan more

27 sep 2011

The Romanian central bank (BNR) wants to keep the leu/euro exchange rate stable, limit its volatility in order to create the framework for economic growth, and has sufficient forex reserves (EUR36.8 more

26 sep 2011

The cost of insuring Romania against default risk, reflected in CDS rates, reached a high of 478 basis points (4.78 percent), up by around 125 points in just one week, i.e. nearly 200 points higher more

23 sep 2011

The new regulations Romania’s central bank (BNR) has prepared for household lending will certainly lead to a decline of the retail banking business, says Murat Atay, general manager of Garanti Bank more

23 sep 2011

Romania is in the odd situation where transactions are concluded in lei, but many prices are set directly in euros, so that the economy is basically relying on the euro, so why should leu-denominated more

22 sep 2011

On a market where loans in foreign currency account for two thirds of overall household lending, the National Bank of Romania (BNR) wants to discourage foreign currency loans, especially mortgage more

21 sep 2011

The slow pace of lending and a higher interest in saving money turned Romanians into net creditors of banks, a position they have kept since last December. The gap between deposits and debts to the more

19 sep 2011

Less than a year after starting operations as a Romanian bank, Garanti Bank recorded profit, in line with the bank’s medium and long term international strategy, says Murat Atay, the bank’s more