03.11.2021

The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated from more

03.09.2021

The interbank market ended February with cash surplus again and banks that were left with lei on their hands at the end of some days used the overnight deposit facility provided by Romania’s central more

03.05.2021

OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON22 million in 2020, lower than in 2019 due to increased risk costs amid more

03.02.2021

Romania's competition authority said Tuesday it was analyzing the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania. more

03.01.2021

Revolut, the financial app with over 15 million users worldwide, has been granted a banking license in Romania, which means customer deposits of up to EUR100,000 are now guaranteed under the European more

03.01.2021

Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported a net profit of RON2.8 million for 2020, down 48% compared with 2019. more

02.18.2021

Romanian state-owned lender CEC Bank has granted a RON60 million loan to Damen Shipyards Mangalia, one of the largest shipbuilders in Europe, operated by Dutch Damen Shipyards Group, to fund current more

02.16.2021

One United Properties, a real estate developer held by Victor Capitanu and Andrei Diaconescu, has obtained financing of EUR50 million from the Black Sea Trade and Development Bank (BSTDB), which will more

02.16.2021

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Tuesday informed its shareholders and investors that it had placed with lender CEC BANK a deposit in the amount of RON80 million, maturing more

02.16.2021

Romanians spent nearly EUR2.6 billion on vacations abroad in 2020, which is half the amount spent in 2019, according to central bank data. more

02.11.2021

International rating agency Fitch Ratings has affirmed Garanti Bank S.A.'s (GBR) long-term Issuer Default Rating (IDR) at 'BB-' with a negative outlook and Viability Rating (VR) at 'bb-', per data on more

02.08.2021

International Investment Bank (IIB), founded in 1970 in Budapest and 6.8% owned by Romania, reported a net profit of EUR7.3 million in 2020, up 28% from EUR5.6 million in 2019, the bank said in a more

02.08.2021

Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92 million for properties and RON4.5 million for VAT more

01.28.2021

Romanian state-owned lender CEC Bank is launching a personal loan with a fixed interest rate of 10.40% per year, which can be contracted exclusively online, without making any trips to the bank, via more

01.26.2021

Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first two months of 2021, followed by a correction at the more

01.18.2021

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, plunged to 1.59% a year on Monday (Jan more

01.15.2021

Romania’s central bank on Friday (Jan 15) surprisingly lowered its main monetary policy rate to a new record low of 1.25% a year, from 1.50% a year, starting Monday (January 18, 2021). more

01.13.2021

The activity of entities from the United Kingdom, including those authorized in Gibraltar, which notified the provision of banking, payment and electronic money services in Romania, through more

01.13.2021

Valentin Tataru has been appointed chief-economist of ING Bank Romania, the bank announced Wednesday. more

01.07.2021

UniCredit, Group, through the CEE Corporate Finance Advisory team, has advised Credit Agricole, the world’s ten largest bank by assets, on the sale of its Romanian operations to Vista Bank. more

01.07.2021

Sergiu Oprescu, executive president of Alpha Bank Romania, was appointed president of the holding that manages the international network of banks of Alpha Bank Group in Greece. more

01.07.2021

eMAG, the leading online retailer in Romania, is launching an online lending service, jointly with lender Idea::Bank, in order to finance shopping. more

01.06.2021

The World Bank expects Romania's economy to contract 5% in 2020, followed by a 3.5% growth in 2021 and a 4.1% growth in 2022, according to a note by lender Banca Transilvania. more

01.05.2021

France’s Credit Agricole group has sold its Romanian operations, Credit Agricole Romania, a small bank, which it has been trying to sell for a while now. The buyer is Vista Bank, formerly Marfin more

01.04.2021

Romania's foreign exchange reserves grew to EUR37.379 billion at the end of December from EUR33.393 billion at the end of November, central bank data showed Monday. more