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

12.15.2020

Romania's economy may perform better in the last quarter of 2020 compared to the EU average, as a result of the dissipation of the basic effects induced by the agricultural sector, Csaba Bálint, more

12.15.2020

Lender Patria Bank (PBK.RO), 83.2% owned by investment fund EEAF Financial Services Amsterdam, listed corporate bonds totaling EUR8.19 million on the Bucharest Stock Exchange Tuesday, under the symbol more

12.15.2020

Romanian Banca Comerciala Feroviara is changing its name top Techventures Bank following changes in its shareholding structure. more

12.11.2020

Lender Patria Bank (PBK.RO) on Friday said the Bucharest Stock Exchange has approved the admission to trading on its regulated market of EUR8.2 million worth of bonds. more

12.04.2020

President and Chairwoman of Exim Bank US Kimberley Reed will arrive in Bucharest Monday to discuss the agreement between the bank and the Romanian government for the financing of energy and more

12.02.2020

Romania's foreign exchange reserves dropped to EUR33.393 billion at the end of November from EUR33.795 billion at the end of October, central bank data showed Wednesday. more

11.24.2020

Romania's central bank monetary policy board decision of November 12 were unanimous and maintaining confidence in the domestic currency was key to monetary policy conduct in 2020, according to the more

11.23.2020

Romanian state-owned lender CEC Bank reported a net profit of RON274.2 million for the first nine months of 2020, while its assets grew 14% since the beginning of the year, to RON37.5 billion. more

11.23.2020

Banks operating in Romania had 3,879 branches and offices, while the number of employees went down to 52,757 in the first nine months, Romania’s central bank data show. more