04.24.2017

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04.05.2017

Romanian regional investment fund SIF Oltenia (SIF 5.RO) reported a net profit of RON101.2 million in 2016, from RON132 million a year before, and revenues of RON150 million, the company said in a more

03.03.2017

The assets UniCredit’ private banking unit manages reached about EUR450 million last year. The unit has almost 900 customers with EUR500,000 portfolios on average. ` more

12.30.2016

The year 2016 was a year when the banking sector saw total lending stay in positive territory, record profit and asset levels, continued consolidation and restructuring, clarification of controversial 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

11.23.2016

Banks in Romania posted 3.65 billion lei (about EUR810 million) net profit in January-September, 1.7 times higher than in the year-ago period. Their assets reached RONB378 billion in September, more

11.16.2016

Nearly 80% of Romanians have a bank account and 66% of them use Internet banking services, while 60% have to pay back loan instalments, according to a study by debt collection firm Kruk. more

11.08.2016

The number of clients using Internet Banking rose 30% and the number of clients using Mobile Banking rose over 150%, in the context in which over 84% of their transactions were made online, via POSs more

09.21.2016

Half of banks operating in Romania expect a medium and large-scale consolidation of the banking sector in the coming year, similar with 2015, according to the "Banking Barometer" survey conducted by more

03.31.2016

Over two thirds of companies prefer working with banking service providers which have a good reputation in terms of security, according to a report carried out by IT security solutions vendor more

03.15.2016

Banca Transilvania, the third leading lender in Romania, took the market by surprise on Monday when it announced a new acquisition merely one year from the takeover of Volksbank Romania. more

09.15.2015

Romania has two high earners in the banking business, who make more than EUR1 million a year, one of whom working on a top management position and the other in investment banking, according to the more

06.12.2015

The banking system posted 800 million lei (EUR179 million) profit in the first quarter and remained profitable in April, as well, Nicolae Cinteza, head of the Supervision Department of Romania’s more

06.08.2015

The bank-client relation is the weakest point in the Romanian and regional banking systems, thus, this should be fixed as soon as possible for the local economy to benefit from lending opportunities, more

06.08.2015

The lack of predictability is the main flaw of the Romanian banking system, Sergiu Oprescu, Alpha Bank CEO and president of Romanian Banking Association (ARB), told ZF Bankers Summit’15. more

05.05.2015

The local banking system could return to profit this year, with a return on equity estimated at 2.7% this year and 3.9% in 2016, as risk costs and non-performing loan rates will be lowered to 2.8% in more

04.23.2015

Romania ranks last in Europe by the use of mobile banking, as less than one fifth of Romanians used mobile banking last year, compared with the European average of 40%, according to an ING survey. more

04.17.2015

Companies in Romania had deposits worth 170 billion lei (EUR38 billion) with local banks at the end of March, down by the equivalent of RON9.5 billion from December 2014, amid the falling interest more

03.31.2015

Romania’s banking system has enough liquidity but unevenly distributed, so that some lenders cannot access it and prefer to borrow from the central bank at weekly repo auctions, central bank more

03.31.2015

The expansion of the shadow banking system comes as a reaction to the global financial crisis and to restrictions imposed on banks and it cannot said to be good or bad, but a necessity and the more

02.11.2015

Banks in Romania registered a cumulated loss of RON8 billion during four of the last six years, as well as profit of RON0.9 billion and a net loss of RON7.1 billion during a two-year period, which more

10.31.2014

Romania’s banking system will suffer a major loss this year on banks’ move to remove bad loans from their portfolios, a process that is far from having concluded as BNR wants a NPL ratio similar more

09.30.2014

The European Bank for Reconstruction and Development (EBRD), the international financial institution with EUR6.8 billion worth of investments in Romania, is still interested in supporting the more

09.26.2014

Banks in Romania need to complete balance sheet cleanup and focus on resuming lending, to the end of generating new sources of profitability and sustainable growth. more

09.08.2014

Romania’s banking system posted an aggregated profit of 209 million lei (EUR47.5 million) in the first half, much lower than RON1.15 billion in the same period a year ago, as banks continued more