11.30.2014

The provisions booked by banks via non-performing loans cleanup process triggered a net loss of 1.58 billion lei (EUR35 million) in the banking system in January-September, but losses will exceed RON2 more

11.27.2014

UniCredit Tiriac Bank charges the highest monthly current account fees in Romania, of RON7.5, followed by OTP Bank, with RON5, while Banca Transilvania and Marfin Bank don't charge customers for more

10.28.2014

Only a quarter of the European banks present in Romania failed the stress tests and the central bank says the local subsidiaries are in a comfortable position. more

10.27.2014

The five banks with local operations present on the list of the 25 European groups that failed the European Central Bank's stress and asset quality test manage assets worth above EUR10 billion on the more

10.16.2014

Foreigners, largely banking groups, in late August held medium and long-term deposits opened with local banks worth EUR6.34 billion, EUR300 million below the level of the year-earlier period. On the more

10.08.2014

End-June, Romanian companies had around EUR10 billion worth of loans taken out directly from banks from abroad, mostly from Austria and Germany, down by the equivalent of EUR1 billion from June 2013, more

10.07.2014

Banks in Romania in the first eight months of this year sent 706,000 requests for information about potential clients to the Central Credit Registry (CRC), 1,450 requests less than in the same period more

10.02.2014

Several banks in Romania, inclusively some of those paying interest rates above the market average, have rushed to adjust interests offered to depositors as soon as the central bank cut the benchmark more

10.02.2014

Romania's central bank Thursday lent almost 4.5 billion lei (EUR1 billion) to eight commercial banks via a seven-day repurchasing agreement operation at an annual interest rate of 3%, equal to the more

09.24.2014

End-August, banks in Romania had loans granted to individuals and companies worth 213.6 billion lei (EUR48.4 billion), the equivalent of almost RON8.5 billion below the level of the year earlier more

09.23.2014

The lack of predictability in legislation is the main problem the Romanian banking system is facing today, said Mihai Bogza, president of the Foreign Investors Council (CIS), arguing the bills more

09.17.2014

Banks in Romania had medium and long-term deposits set by non-residents, mostly forms of support from parent banks, worth the equivalent of EUR6.42 billion in late July, EUR150 million above the more

09.16.2014

Credit Europe, the local subsidiary of the financial group controlled by Turkish billionaire Husnu Ozyegin, ended the first half of this year with a net loss of EUR6.1 million (the equivalent of RON27 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

09.08.2014

Mures, Neamt, Bucharest and Valcea lead in the ranking of counties witnessing the fastest decline in loan overdue installments, with the volume of outstanding payments narrowing by at least 10% in more

09.03.2014

Banks in Romania continued to reshuffle their territorial networks in the past year, but fewer units were closed down, a sign that bankers do not want to risk having too few units when lending starts more

08.27.2014

Banks in Romania had retail and corporate loans worth just 213.8 billion lei (EUR48.3 billion) left in their portfolios at the end of July, a three-year low, as they are unable to sell enough loans in more

08.27.2014

Banks in Romania gain 260 million lei (EUR60 million) a year from safekeeping and evaluating assets of investment funds, and such services have become ever more lucrative in recent years, according to more

08.20.2014

The bad loan ratio has entered a downward trend in Romania after it peaked at 22.3% in March and analysts expect the trend to maintain amid the sale of certain portfolios of soured loans. more

08.01.2014

UniCredit is readying to sign with RBS an agreement to take over its corporate portfolio in Romania, after the British bank had ceded its domestic retail portfolio to the same group. 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

07.22.2014

Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 3.05 billion lei (EUR682.2 million) in the first five months of 2014, down 28% on the year. more

07.15.2014

The 50 largest non-banking financial institutions (NBFI), largely consumer lending companies, in 2013 reported overall profit worth 144 million lei (EUR33 million) amid revenue of RON2.9 billion more

06.26.2014

Around 20% of the almost EUR3 billion negative figure registered by the companies with the 100 widest losses in the economy last year were reported by banks and insurance companies, which virtually more

06.11.2014

Romanian Economy Minister Constantin Nita met Wednesday in China with the vice-president of the Industrial and Commercial Bank of China, the world’s largest bank by market capitalization, and with more