03.15.2013

Uncertainty about the economy and the lingering financial crisis have pushed many Romanians to save more despite the low interests, Volksbank Romania’s vice-president Lucian Cojocaru said Friday. more

03.12.2013

The capital of the foreign-held banks in Romania amounted to 19.7 billion lei (EUR4.5 billion) at the end of last year and accounted for almost 80% of the total capital of the banking system, more

02.28.2013

Banca Transilvania (TLV.RO), the largest Romanian-controlled bank remained the 3rd biggest bank in the system by balance sheet assets for the second year in a row, ahead of state-held CEC Bank. more

02.22.2013

Over 4,000 employees left the Romanian banking system in 2012, with 322 units shutting down and the overall network falling below 6,000 branches and agencies. more

02.13.2013

Sixteen million Romanians are keeping EUR28 billion in banks and 0.1% of them deposited EUR3.7 billion, or EUR220,000 each. more

02.11.2013

In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing. more

02.07.2013

The parent banks of the Romania’s largest nine lenders have reduced their exposure to the country by 8% since March 2009, central bank deputy governor Cristian Popa said Thursday. more

01.30.2013

After four years of crisis marked by several occasions when it was at the banks’ mercy, the Finance Ministry continues to say “no” to gathering funds from the population, which could be a source more

01.04.2013

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei. more

12.28.2012

Banks in Romania must no longer await the central bank’s approval to apply lending rules, starting this month. more

12.28.2012

Romanian banks will provide corporate loans in foreign currency only after carrying out default risk simulations to take into account a severe depreciation of the leu against the main currencies, of more

12.20.2012

Romania’s banking system is expected to stabilize next year, after losses registered in 2010, 2011 and the first nine months of the year, but a broader recovery seems unlikely given expectations of more

12.19.2012

Romanian lenders may have to make additional loan-loss provisions of some 3 billion lei (over EUR600 million) following a reevaluation of their loan guarantees, according to market sources. more

12.14.2012

The Romanian Government will continue the “First Home” program in 2013, with additional guarantees of EUR200 million that should last by midyear, according to a decision draft published on Finance more

12.14.2012

The most often used expression at the Meet the CEO event whose guest was Henk Paardekooper, head of RBS Romania, was “to be rebuilt” and various synonyms thereof – reinventing careers, more

11.27.2012

Romanian banks have drawn the attention of London-based private equity fund AnaCap, which specializes in buying orphaned subsidiaries. The fund is ready to come up with “substantial capital” in more

11.21.2012

The restructuring of the Romanian banking system has just started and will continue in 2013, Radu Ghetea, president of Romanian banks association ARB and of CEC Bank, said Wednesday. more

11.20.2012

Foreign-held banks and insurance companies received more than EUR550 million in capital injections this year to offset the huge losses and meet the solvency requirements of the central bank and the more

11.16.2012

Ten banks are currently looking to sell two-year deposits in Romanian lei in order to improve their funding as they are facing a reduction in foreign resources. more

11.16.2012

Francisc Peli, founding partner of law firm PeliFilip and one of the most respected lawyers on the real estate segment, says management activities currently occupy 80% of his time. more

11.14.2012

A bit more than half of Romanians (56%) have relationships with one or more banks, which places Romania last in Central and Eastern Europe in a ranking led by Slovenia, Austria and Croatia, according more

11.13.2012

Non-residents, especially banking groups, had EUR7.65 billion deposited in Romanian banks on medium and long-term maturities at the end of September, down EUR841 million from December 2011. more

11.12.2012

The 41 banks in Romania posted an overall loss in the first nine months of this year, although the results represent an improvement on the EUR192 million-loss recorded in the first half of the year. more

11.02.2012

Consumer and mortgage loans in Romanian leu became more expensive in September for the third month in a row and interests on euro loans went down again, making harder the shift to lending in lei for more

11.01.2012

The banks that found a German private investor for Romanian insolvent group International Railways Systems also became a shareholder, in a first for the local market. more