10.06.2021

Patricia Andrei has taken over the position of Human Resources (HR) Manager at state-run lender CEC Bank, coordinating the lender’s entire HR activity. more

10.05.2021

The World Bank on Tuesday (October 5) revised upwards its forecast on Romania’s economic growth to 7.3% in 2021, from a previous projection of 6% in June 2021, followed by a 4.8% GDP growth in 2022 more

10.05.2021

Romania's central bank on Tuesday (October 5) raised its benchmark interest rate to 1.5% a year from an all-time low of 1.25% a year. more

10.01.2021

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, concluded EUR56.7 million loan contracts on Sept 30, of which EUR26.7 million from state-run lender CEC more

09.28.2021

Alpha Bank Romania has signed a collaboration protocol with Romania's Agency for Rural Investment Financing (AFIR) in order to speed up the absorption process of European funds allocated under the more

09.28.2021

Libra Internet Bank has raised EUR27.8 million from stock market investors through a private placement of bonds, with a seven-year maturity and an interest rate of 4.25%, payable annually. more

09.21.2021

Romania’s central bank has approved the appointment of Theodor Stanescu to the position of general manager of Crédit Agricole Romania, which was acquired by Vista Bank, controlled by Greece’s more

09.20.2021

Romanian state-owned lender CEC Bank is investing further in technology and digitalization and announces the launch of current account packages that can be accessed entirely online, with qualified more

09.20.2021

Vista Bank (the former Marfin), controlled by Greek-held group Vardinogiannis, is set to reach total assets worth above EUR1.4 billion, loans of EUR800 million, deposits of EUR1.2 billion and over more

09.16.2021

Vista Bank, a lender held by Greece’s Vardinogiannis group, has completed the acquisition of 100% in Credit Agricole Romania, after securing all the necessary approvals from Romania’s central bank more

09.16.2021

OTP Bank Romania, part of Hungary’s OTP Group, targets a 5% increase in market share until 2024, from 2.65% at end-2020, and the option of an acquisition still stands, Roxana Hidan, deputy CEO of more

09.15.2021

The balance of mortgage loans granted by lender Alpha Bank Romania exceeded RON6.29 billion (EUR1.28 billion) at the end of June 2021. more

09.15.2021

Shareholders of lender Patria Bank (PBK.RO) will discuss, at their next general meeting of October 18, increasing the lender’s share capital by maximum RON19.73 million, up to RON331 million, by more

09.14.2021

Romania’s central bank BNR has approved the acquisition by the largest lender in the country, Banca Transilvania, of Poland’s Getin Holding’s stake in Idea Bank. more

09.08.2021

Lender First Bank (the former Piraeus Bank), held by US investment fund J.C. Flowers, on Wednesday reported a net profit of RON54 million for the first half of 2021, 2.5-fold higher on the year, and more

09.03.2021

Roxana Maria Hidan, Deputy Chief Executive Officer of OTP Bank Romania, is taking over as head of the bank’s new Business Division, which includes the operating activities for private individual and more

09.03.2021

A total 50,046 private individuals in Romania had more than EUR100,000 in bank deposits at the end of the first half of 2021, with a combined value of RON52.8 billion (some EUR10.8 billion), per more

08.30.2021

Lender ING Bank Romania on Monday said its total revenue grew 6% on the year, to RON1.1 billion, in the first half of 2021, while its gross profit grew 19% in the same period, to RON441 million. more

08.27.2021

Greek-owned Alpha Bank Romania, one of the top ten lenders in Romania, reported a pre-tax profit of EUR10.6 million for the first half of 2021, higher than RON2.1 million in the same period in 2020, more

08.26.2021

The Board of Directors of lender Patria Bank a(PBK.RO) approved in its meeting of August 26 the appointment of Luca Victor Rogojanu to the position of Deputy General Manager, Risk Division, member of more

08.23.2021

Credit Europe Bank Romania on Monday reported a net profit of RON20.5 million in the first six months of 2021, up 35.23% from the year-earlier period, and revenue of RON112 million, 10% lower on the more

08.11.2021

Romania’s annual inflation rate sped up in July to 5%, while from June 2021 consumer prices were up 1.0%, in line with data from the country’s statistics board. more

08.09.2021

Romania’s central bank has significantly revised its inflation forecast to 5.6% at the end of 2021, instead of the 4.1% estimated in May and to 3.4% in December 2022, 0.4% more, the report on more

08.09.2021

Vista Bank, the former Marfin Bank, owned by Greek-held Vardinogiannis group, has become the fifth bank on the Romanian market to introduce the instant inter-banking payment service, beside Banca more

08.06.2021

Romania's central bank decided on Friday (August 6) to hold the benchmark interest rate at a record low of 1.25% a year. more