02.25.2019

Private lending in Romania grew 0.5% (declined 0.4% in real terms) in January compared with December, to RON252.19 billion, central bank data showed Monday. more

01.25.2019

Private lending in Romania grew a marginal 0.1% (declined 0.02% in real terms) in December 2018 compared with November, to RON251.05 billion, central bank data showed Friday. more

10.23.2018

Romanian private lending grew 1.1% (0.6% in real terms) in September compared with August, to RON247.65 billion, central bank data showed Tuesday. more

08.22.2017

Romania's central bank said Tuesday there is no cause for concern regarding deposits in Romanian banks after the prime minister threatened to name banks that did not report profit and where deposits more

12.06.2016

Only 20% of Romanians trust banks, compared with approximately 55% of Albanians and 35% of Czechs, as per a new report of the World Bank released on Tuesday. more

08.29.2016

Guaranteed bank deposits of natural persons and legal entities at credit institutions participating in the Romanian Bank Deposits Guarantee Fund (FGDB) rose by RON2.2 billion in the first half of more

06.11.2015

Petre Tulin, general manager of Romanian lender Banca Comerciala Feroviara (BCF), took over the position of deputy general manager of Romanian Bank Deposits Guarantee Fund, the fund said on its more

04.14.2015

A one-year investment in Romania’s sheep farming market means a 1,400-sheep flock, which, left to shepherds, has the capacity to bring returns as high as 37%, reveals a ZF analysis. more

02.17.2015

Foreigners, largely banking groups, at the end of 2014 held around EUR5.8 billion in medium and long-term deposits opened with local banks, 32% below the record high reached in 2011. In 2014 alone, more

03.10.2014

Individual depositors had 10.7 billion lei (EUR2.4 billion) savings kept in deposits maturing in more than a year at the end of January, a 30% increase on the year-ago period, according to Romania’s more

02.19.2014

Romania’s central bank has ordered commercial lenders to take corrective action in response to customer complaints about time deposits that, upon maturity, hold less money than initially deposited. more

01.08.2014

Romanian banks have cut the interest rates for short-term deposits, but the rates for longer term savings are still attractive compared with the ones offered on the international markets, central bank more

07.16.2013

Non-resident bank deposits in Romania decreased to EUR6.9 billion in May, a record low since 2009, mirroring the reduction of foreign banks’ exposure to the Eastern European country. more

06.11.2013

How has Marfin Bank managed to deal with the pressure of the deposit withdrawals caused by the Cypriot crisis and how has it overcome the delicate period that followed the takeover of deposits from more

05.31.2013

The top ten banks by the volume of deposits held 80% of individuals’ and companies’ savings, with the cumulated value of resources attracted at 173 billion lei (EUR39 billion). more

04.26.2013

Marfin Bank Romania has taken over deposits of EUR77 million and gross assets of EUR82 million from the Romanian unit of Bank of Cyprus, the two lenders announced Friday. more

04.25.2013

The Cypriot central bank Thursday authorized the transfer of Bank of Cyprus’ deposits in Romania to Marfin Bank, the local unit of Cyprus Popular Bank. more

04.24.2013

Deposits of the Romanian branch of Bank of Cyprus will be transferred under the local banking law and will be guaranteed by the Romanian Guarantee Fund, Adrian Vasilescu, adviser to central bank more

04.02.2013

A Romanian bank has filed a non-binding offer to take over the local subsidiary of Bank of Cyprus, and a decision regarding the matter is the responsibility of Cyprus authorities alone, the head of more

03.28.2013

Unsettling details about the Cyprus bailout deal, which taxed large savings and saw the nation’s second-biggest bank dismantled, along fears that the terms might be applied to future rescue plans more

03.25.2013

Bank of Cyprus announced Monday the decision to tax bank deposits higher than EUR100,000 will apply only to deposits in Cyprus. more

01.06.2013

Greek banks in Romania had deposits of EUR4.3 billion left in September last year, down by the equivalent of EUR600 million compared with September 2011, according to data published by shareholders in more

11.05.2012

Investors’ darlings--Fondul Proprietatea (FP.RO), OMV Petrom (SNP.RO), the regional investment funds (SIF) and Banca Transilvania (TLV.RO)--generated significant yields ten months into the year, more

09.11.2011

The average value of bank deposits held by Romanians is only EUR1,193, 60% lower than that of Bulgarians, more than twice lower than those of Hungarians or Poles; in Germany, the average value of a more

08.17.2011

The OTP Garantis closed-end fund, managed by OTP Asset Management, the first investment fund in Romania to have guaranteed the initially placed equity, has protected investors against plummeting more