04.07.2014

Lender Banca Romaneasca has earmarked EUR50 million to fund small- and medium-sized enterprises (SMEs) and half of the financing is guaranteed by the state within the government-backed program aimed more

10.09.2013

Businessman Jean Valvis is investing EUR8.9 million in a 5-megawatt photovoltaic park in Calarasi county, southern Romania, and the project is close to completion. more

10.03.2013

National Bank of Greece has agreed with the European Union's competition authorities to exit the Southeastern European markets where it currently operates, including Romania, Greek newspaper more

07.16.2013

National Bank of Greece (NBG), which owned some 99.3% of Romanian lender Banca Romaneasca at the end of 2012, withdrew about 1 billion lei (EUR0.226 billion) of deposits at its local subsidiary last more

05.23.2013

Raiffeisen Bank was the most profitable bank in Romania last year, posting 392 million lei (EUR90 million) in net profit. more

05.16.2013

Romanian lender Banca Romaneasca lent EUR8 million to firm Blue Sand Investment, part of Tiriac Holdings, to develop a EUR13.6 million photovoltaic park in Prahova county, southern Romania. more

04.25.2013

Romania's renewable energy sector is not at risk of becoming the next speculative bubble, as it happened with the real estate market a few years ago, because it is “closely monitored” and more

04.11.2013

Fitch Ratings Thursday affirmed its ratings on Romanian lender Banca Romaneasca and simultaneously withdrew them after the bank stopped participating in the rating process. more

04.09.2013

Bancpost and Banca Romaneasca, which were set to merge into a bank with EUR4 billion assets ranking 7th on the Romanian market, will remain two separate entities for the time being after the merger more

03.06.2013

Romanian Energomontaj will take a two-year of 145 million lei (EUR33 million) from a consortium of four local banks, to finance its operations and guarantee the company’s development projects, more

02.20.2013

Bancpost and Banca Romaneasca may start preparing for the merger that will create a sounder top ten bank in Romania after the official announcement about the successful bid of National Bank of Greece more

10.12.2012

The merger of Greek-held Bancpost and Banca Romaneasca as part of an international transaction will create the 7th largest bank in Romania after the shareholders of the two banks, National Bank of more

06.11.2012

Fitch Ratings on Monday downgraded Romanian lender Banca Romaneasca's (BROM.RO) long-term issuer default rating to "B-," with negative outlook, because of the bank's dependence on its parent, National more

04.23.2012

The slimmer balance sheets, the decline of loan sales and implicitly of banks’ revenues forced Greek banks to close down tens of units and fire several hundred employees. more

06.17.2011

The Greek banks on the local market--Bancpost, Alpha, Piraeus and Banca Romaneasca--have fed at least EUR1 billion into some of the most important real state projects carried out in Romania over the more

06.10.2011

Banca Romaneasca, the domestic subsidiary of the National Bank of Greece, rented 3,250 square meters in the Euro Tower office building, located at the intersection of Barbu Vacarescu and Lacul Tei more

05.27.2011

Banca Romaneasca, the local subsidiary of Greek financial group National Bank of Greece, forecasts a net loss of 86.3 million lei (over EUR20 million) in 2011 according to Romanian accounting more

05.09.2011

Romanian lender Banca Romaneasca seeks a $50 million senior loan from the International Finance Corporation, or IFC, to credit small- and medium-sized firms for energy efficiency and renewable energy more