05.21.2012

More than 1,400 employees left the Romanian banking system in the first three months of 2012, one of the most significant quarterly declines since the start of the crisis. more

05.17.2012

Banks are still reluctant to lend to real estate investors, so developers have to take more risks if they want to continue their projects and remain on the market, according to information presented more

05.14.2012

Romanian banks reported combined net profit of 165 million lei (EUR37.2 million) in the first quarter, lower on the year, hurt by rising provisions. more

05.10.2012

Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the company’s annual report reads. more

05.08.2012

The average interest rate displayed by banks for household deposits in lei has diminished by a quarter of a percent in March to 6.24% a year, with the plentiful liquidity on the market putting more

04.26.2012

European banks’ exposure to Romania fell 5.7% to $102.5 billion in 2011, from $108.8 a year earlier, data from the Bank for International Settlements showed. more

04.25.2012

Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large networks more

04.24.2012

None of the top 10 banks in Romania are run by a woman, although more than two thirds of employees in the financial services sector are women, according to a ZF analysis. In the entire banking system, more

04.23.2012

The slimmer balance sheets, the decline of loan sales and implicitly of banks’ revenues forced Greek banks to close down tens of units and fire several hundred employees. more

04.19.2012

Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks sought to more

04.17.2012

International Finance Corporation, the investment division of the World Bank, has shown its willingness to help banks process non-performing loans and invested in funds that restructure such loans, more

04.12.2012

Romanian farmers and local communities are on their knees before foreign banks, so the agricultural sector needs a farmers' bank, minister Stelian Fuia told MEDIAFAX on Thursday. more

04.12.2012

Romanians’ appetite for long-term savings has increased spectacularly lately thanks to the more generous offers from banks attempting to balance their portfolios. more

04.03.2012

Leu-denominated loans for individuals became more expensive in February after three months of decline in a row, because of bankers seeking to boost revenue even though they are paying less to get more

03.30.2012

Romania’s agricultural growth is affected, among others, by banks’ reluctance to finance farmers, although the interest on loans is higher compared to other countries, Agriculture Minister Stelian more

03.15.2012

Romanian lenders have unlocked loan loss provisions worth around 10 billion lei (EUR2.3 billion) following the adoption of the international financial reporting standards in January this year, more

03.15.2012

Now that consumer loans come with heavy restrictions imposed by Romania’s central bank, banks are turning to credit cards, unaffected by the new lending rules. more

03.14.2012

Romanian second largest oil group Rompetrol NV, a unit of Kazahstan’s KazMunayGas, has signed a five-year $200 million syndicated loan agreement with a consortium of banks led by Italy’s UniCredit more

03.14.2012

The Romanian Agriculture Ministry will no longer accept comfort letters for EU-funded projects from any credit institution, as some lenders turned it into a business and sell comfort letters to more

03.08.2012

The liquidity shortage in the Romanian banking system more than doubled in February, with lenders borrowing on average 3.3 billion lei (EUR0.76 billion) a day from the central bank, compared with more

03.07.2012

Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits have more

03.06.2012

Romania’s central bank keeps a cash reserve equivalent to “several tens percent” of the monetary mass, to use in moments of banking panic such as the ones in the ‘90s and 2000s, central bank more

03.05.2012

Romania’s banking system might see red in 2012 as well, for the third consecutive year, and players with considerable losses will most likely need additional capital, according to Florin Ilie, head more

03.02.2012

Bankers made loans in lei more expensive at the beginning of the year, and cut interest rates on deposits attracted from clients, as they seek to boost their income from interest rate margins to cover more

02.28.2012

Romanian bankers from Spanish group La Caixa continue to be the best-paid in the Romanian banking system, ending 2011 with an average net wage of 10844 lei (EUR2490) in December. more