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

12.09.2013

Bankers have been demoted from among the top earners in the Romanian economy in 2012, after they had dominated the ranking of salary earnings during the years of economic growth. more

12.05.2013

The Romanian banking system will likely turn to profit in 2013, despite a substantial rise in loan-loss provisioning estimated during the last two months of the year, a central bank official said more

09.30.2013

The private banking division of UniCredit Tiriac Bank has reached a portfolio of nearly 3,000 clients following the transaction completed earlier this month whereby the bank took over all the retail more

08.13.2013

The banking sector ended the first six months of this year in the black, with the overall net profit amounting to 1.15 billion lei, according to data from central bank BNR. This comes after a loss of more

08.02.2013

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08.02.2013

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06.13.2013

The Romanian banking system is overpopulated, but it has managed to successfully absorb major shocks during the economic crisis, Alpha Bank president Sergiu Oprescu said Thursday. more

06.12.2013

Romania has a strong and stable banking system, but it is rather oversized compared with the number of the active population, said Anthony Hassiotis, chief executive of Bancpost and of the local more

03.28.2013

The foreign currency deposits of individuals and companies in Romania have risen by the equivalent of EUR2.3 billion in the past year, with more than a third of the amounts being transferred from more

02.14.2013

Romanian banking executives expect system profitability will improve in 2013 after several years of losses, a survey from KPMG showed Thursday. more

01.23.2013

Several major banks are preparing to introduce “contactless” mobile phone payments to merchants in their standard offer this year after having already conducted pilot projects on using this more

12.05.2012

Citigroup will sell or scale back its consumer banking operations in five countries, including Romania, as part of a larger repositioning strategy that aims to cut costs and boost efficiency, the more

11.26.2012

Erste Private Banking Romania, the private banking arm of the country’s largest bank BCR, estimates full-year transactions with investment products of EUR420 to EUR430 million, up from EUR401 more

11.01.2012

The level of concentration in the banking market has increased since the beginning of the economic crisis, mainly because certain competitors disappeared from the market, according to a report of more

10.19.2012

Romanian President Traian Basescu Friday said that his country will be included in the upcoming EU banking union, which aims to place euro area banks under the supervision of a single regulatory more

10.10.2012

Only 4% of Romanians used Internet banking services last year, while in the European Union the share was 37%, Andrei Cretu, manager consulting with PwC Romania, said Wednesday. more

09.27.2012

The European Commission’s proposal to set up a single supervisory mechanism for the eurozone banking system represents an inevitable process and Romania should be part of the new banking union, more

06.22.2012

Tensions and volatility on the banking market will persist for a while longer considering the exit from the crisis will not occur yet and lenders will have to change strategies, cut costs and rely on more

05.17.2012

The Romanian Banking Association confirmed president Radu Ghetea for a fifth consecutive three-year term, the association said in a statement Thursday. more

05.16.2012

Romania has a solid, well-capitalized banking system and it is unlikely that the central bank will have to use its recently introduced bridge bank any time soon, despite the deteriorating situation in more