30 mar 2013

Romania’s leading bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), spent 20 million lei (EUR4.5 million) last year on its managers’ pay, double on the year. more

18 mar 2013

ING Bank Romania does not need any restructuring program and will in no way follow into footsteps of other major international groups, which are drastically reducing local presence. more

28 feb 2013

Banca Transilvania (TLV.RO), the largest Romanian-controlled bank remained the 3rd biggest bank in the system by balance sheet assets for the second year in a row, ahead of state-held CEC Bank. more

22 feb 2013

Over 4,000 employees left the Romanian banking system in 2012, with 322 units shutting down and the overall network falling below 6,000 branches and agencies. more

28 ian 2013

The year 2013 will be lethargic – liquidity will no longer be a problem for the banking market, but we shall witness a lack of loan demand and it is very difficult to tell where economic growth will more

21 ian 2013

UniCredit Tiriac Bank, controlled by Italian group UniCredit in partnership with Romanian businessman Ion Tiriac, will not force a fast adjustment of the imbalance between loans and deposits at the more

16 ian 2013

The budget of Romania’s largest bank BCR in 2013, which is set to be approved by the General Shareholders’ Meeting on January 23rd, provides for a profit at the end of the year, although the more

11 ian 2013

The new banking year starts with stepped-up negotiations for the sale of business portfolios; the main sellers are RBS, Citibank and Bank of Cyprus, sources on the market say. more

6 ian 2013

In the seven years since taking over lender Banca Comerciala Romana (BCR), Austria’s Erste has gained a lot of experience, but the bank it now controls is far from the plan it dreamed up in 2005. more

29 oct 2012

Millennium Bank Romania, a unit of Portugal’s largest listed bank Millennium bcp, continued efforts to gain profitability and reduced its loss to EUR6.5 million in the first half of the year, from more

19 oct 2012

Misu Negritoiu, a rare example of a state official who abandoned administration and politics and started a career as a manager in the private sector from scratch, says he doesn’t want to leave ING more

17 oct 2012

Israeli group Kardan, which controls GTC--one of the largest office developers in Romania, decided to enter the Romanian banking market as well, by opening a branch of its Bulgarian TBI Bank. more

10 oct 2012

Dutch ING will pursue expansion of its commercial bank structure, despite giving up brokerage on the Romanian capital market. more

8 oct 2012

UniCredit Tiriac Bank, controlled by Italy’s UniCredit in partnership with businessman Ion Tiriac, started a significant adjustment in the first half. This is a reversal of the 2011 strategy when it more

27 sep 2012

ING Bank has completed the restructuring of its product and services offer for top clients, which total around 500 clients with fortunes larger than EUR400,000, enabling access to new placement more

12 sep 2012

After three years of crisis, the banking system is deeply affected by the absence of strong management able to speed up its restructuring and bring it back to healthy growth: BCR, the largest local more

6 sep 2012

The EUR750 million bonds sold on Tuesday by the Finance Ministry on external markets stirred the interest of investors in Hong Kong, Singapore, China, as well as in the United Arab Emirates, says more

20 iul 2012

BNR is keeping interests low and lets the leu constantly depreciate, as recommended by the International Monetary Fund. more

16 iul 2012

Over EUR2 billion left Romania in May, in a major wave of foreign capital withdrawals from the local market, which promptly reflected in a depreciation of the leu by 1.5% against the euro. more

16 iul 2012

The government’s foreign currency public debt will not exceed 50% of the total and the annual debt service will not go beyond 10.5% of gross domestic product by 2014, according to the strategy of more

12 iun 2012

Oana Petrescu, former retail vice-president at lender BCR, joined consultancy firm Deloitte. She is now in charge of consulting for strategy and operations, human capital, technology and financial more

6 iun 2012

Portuguese banker Jose Toscano is preparing to leave the position of chief executive at Millennium Bank Romania after a five-year term, according to banking sources. more

4 iun 2012

RBS Romania, a subsidiary of the British banking group RBS, ended 2011 with a net profit of over 100 million lei (around EUR22.4 million), down 30% on the year, but remained one of the most profitable more

30 mai 2012

The weakening of the leu against the euro by around 2% in the past few weeks is a reason for concern regarding clients’ ability to repay their foreign currency loans, but at least for now it has not more

29 mai 2012

The biggest risk that the local economy is facing this year concerns the impact that a prospective “disorderly exit” of Greece from the euro zone would have on the risk perception of Romania and more