08.18.2014

Romania’s 2019 euro-adoption target should be enclosed in a law adopted by the parliament so that the necessary reforms to join the euro area would not be affected by political changes, central bank more

08.07.2014

The use of online banking on the Romanian market has tripled from 2% to 6% in the past three years but the country is still next to last in the region by online banking use, before Serbia, where the more

07.23.2014

The World Bank/IFC, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) extended loans of around EUR400 million in the first year-half to Romania’s more

07.21.2014

Austria’s Raiffeisen Bank International AG has grouped all its investment banking businesses in Romania into a single unit operated by Raiffeisen Bank’s Treasury and Capital Markets division in a more

06.24.2014

Romania might be able to complete all procedures needed to join the Single Supervisory Mechanism (SSM) in 2015, part of the EU banking union, which will start operating on November 2014, Romanian more

06.18.2014

A little over half (53%) of Romanians holding a financial-banking product know they can recover the money deposited in banks if the respective banks go bankrupt, 26% expect to get all their money back more

06.05.2014

Romanian banks have left the crisis behind, but moves to reduce paperwork and streamline operations with a view of slashing costs and luring new clients are still scarce and unevenly applied. more

06.04.2014

The banking system’s profitability figures were deeply corrected downwards from the initial amount reported by the Romanian central bank in the wake of moves by some auditors to revise the figures more

05.28.2014

Agriculture has gained importance in bankers’ eyes since the crisis onset, advancing from 2.2% in the total portfolio of the banking sector in 2008, to 3.6% in 2012, but the level stayed unchanged more

05.26.2014

BRD has coped with the crisis fallout in the past two years, but this does not mean it’s become a weak entity, says Bernardo Sanchez Incera, deputy chief executive officer of Societe Generale, the more

05.19.2014

Bankers are still among the best paid employees in the Romanian economy despite the restructuring drive the sector has witnessed in recent years. At the end of March, banking employees’ net average more

05.13.2014

Banca Transilvania (TLV.RO) is in talks to buy a bank or a portfolio, with a possible deal set to be sealed if it brings added value and if it is related to the retail or SME segment, states Omer more

04.29.2014

Romania is faring better than he would have thought, one can feel a positive balance that is hard to find in many other parts of Europe, it’s clear the worst has been left behind and this is a good more

04.24.2014

The local unit of Israeli group Bank Leumi generated in 2013 net profit of just 2.1 million lei (EUR0.47 million), six times below the 2012 level, and significantly lower than the forecast. more

04.16.2014

Households and companies in Romania held banking deposits guaranteed through the domestic depositor insurance scheme worth the equivalent of 159 billion lei (around EUR35 billion), namely a little more

03.26.2014

Romania’s planned reduction of interbank fees will hurt some of the largest financiers in the local economy and will likely hinder investment in the banking infrastructure, the head of the Romanian more

03.06.2014

The banking market is coping with declines, and even the largest players are unable to find ways to grow. However, not less than 20 banks are still operating with market shares of below 1%. Some more

03.05.2014

RomCard, a major processor of online payments by banking cards in Romania, in 2013 registered a 40% increase in the overall number of processed and routed online transactions against 2012, although more

03.05.2014

Parent banks last year withdrew 70% of funding with maturity of less than one year granted to domestic subsidiaries, namely EUR3.3 billion, marking a speeding up of the deleveraging process. more

02.25.2014

Romanian lender Banca Transilvania (TLV.RO) targets this year a 10% increase in both the number of clients and the value of managed assets for its private banking division, the bank said in a more

01.21.2014

Romanian lender BRD Societe-Generale (BRD.RO) Tuesday said its internet-banking portfolio rose 50% to over 50,000 users in 2013, while the value of online transactions increased by some 40% on the more

01.21.2014

Romania’s banking system probably ended 2013 in the black after having posted cumulated net profit of 1.73 billion lei (EUR381 million) in January-November compared with a RON2.3 billion loss in more

01.16.2014

Bankers doing business in Central and Eastern Europe are entering the new year with the feeling that the light at the end of the crisis tunnel is starting to show, after having felt they were more

12.12.2013

Mobile banking is the future and retailers will be more and more willing to accept mobile payments, according to Titus Grecescu, general manager of online payment processor Pay&Co. more

12.12.2013

The Romanian mobile payment market is estimated at about EUR10 million a year and at least one third of Romanians use mobile payment services, according to marketing company Breeze Mobile. more