11.29.2013

The average cost of credit in Romania has dropped below 10% for households and below 8% for corporate customers over the past month, central bank deputy governor Bogdan Olteanu said Friday. more

11.26.2013

China is ready to explore with European Union countries various ways to use a special $10 billion financing line to support infrastructure and energy projects in central and eastern Europe, Chinese more

10.09.2013

The average wealth per capita in Romania increased 9.7% in the first half of the year compared to the same period in 2012, to $11,191, much lower than the $17,570 level it reached before the crisis, more

09.19.2013

Card holders spent 11 billion lei (equivalent to EUR2.5 billion) on food, beverages and tobacco, half the overall amount spent by Romanians using cards. more

09.16.2013

Credit Europe Bank Romania, a unit of Dutch-registered Credit Europe Bank, has appointed Yakup Cil as chief executive and chairman of the board, the lender said in a statement Monday. more

09.08.2013

Credite Europe Bank Romania will increase its share capital by 88 million lei (EUR20 million) to RON763 million from RON675 million. more

08.06.2013

Horia Manda, managing director of Axxess Capital, a company which manages the Romanian-American Enterprise Fund (RAEF), Balkan Accession Fund (BAF) and Emerging Europe Accession Fund, says the company more

07.30.2013

Romanian Agricover Credit IFN, part of agribusiness group Agricover, said Tuesday it granted loans worth 253.2 million lei (EUR57.6 million) in the first half of 2013, up 87% on the year. more

07.18.2013

Moody's Investors Service on Wednesday downgraded the deposit ratings of the two largest banks in Romania, Banca Comerciala Romana and BRD-Groupe Societe Generale (BRD.RO), following the lowering of more

06.12.2013

Romanian state-owned lender CEC Bank is interested in taking over credit portfolios sold by other institutions as the market share is important for a bank. more

05.15.2013

Credit Europe Bank Romania has appointed its chief control officer Mirela Bordea as interim CEO after Omer Tetik left the bank to take on the CEO position at Banca Transilvania (TLV.RO), the bank said more

04.23.2013

Romanian state-run lender EximBank and local agribusiness group Agricover have concluded a financing agreement whereby the bank will grant a loan worth 70 million lei (over EUR15.5 million) to more

04.15.2013

Romanian Agricover Credit IFN, part of agribusiness group Agricover, registered profit of 11.2 million lei (EUR2.5 million) in 2012, up 46% on the year, thanks to an increase in the number of clients. more

04.04.2013

Credit Agricole Bank Romania said in a statement Thursday it posted a loss of EUR6 million last year, similar to the loss reported in 2011, citing deteriorating economic conditions, low demand for more

04.02.2013

Romania should use the current climate of fiscal stability to improve its position in international ratings, which in turn might ameliorate the relationship between banks and investors, Economy more

03.29.2013

Small and medium-sized enterprises (SMEs) in Romania will be able to access annual credit lines capped at 400,000 lei (EUR90,600) per firm starting April 4 through the state-supported “Mihail more

03.12.2013

Romanian rubber bands maker Artego Targu Jiu (ARTE.RO) will discuss in stockholders’ meeting April 15 on taking a 10 million lei (EUR2.28 million) credit line to finance its working capital, the more

03.07.2013

Romanian construction company Comnord Bucuresti (COSC.RO), owned by businessman Sorin Creteanu, aims to take a EUR4.5 million credit line from UniCredit Tiriac Bank. more

01.18.2013

Credit Europe Bank Romania may launch an issue of corporate bonds worth 250 million lei (EUR57.73 million) in 2013, to finance and develop the portfolio of long-term loans, according to the daily more

12.17.2012

Bucharest’s sector 6 city hall wants to contract a credit line of up to 240 million lei (EUR53.8 million) to finance building thermal rehabilitation projects, and the capital’s sector 4 mayoralty more

11.29.2012

Real estate developer RomReal has got an approval from lender Alpha Bank to extend a EUR11.6 million loan by three years, until November 30, 2015, the company said in a statement Thursday. more

11.05.2012

Romanian car parts maker UAMT Oradea (UAM. RO) wants to take out a loan from BRD-Groupe Societe Generale (BRD.RO) to fit its production units with modern equipment. more

10.22.2012

The International Finance Corporation (IFC), the private lending arm of the World Bank, has extended a 36.6 million lei ($10.4 million) credit line to Romanian Patria Credit to finance micro and small more

10.18.2012

Household wealth in Romania decreased 36% between July 2011 and June 2012, mainly due to the economic problems triggered by the euro zone crisis, according to Credit Suisse’s 2012 Global Wealth more

10.17.2012

Credit Agricole Bank Romania on Wednesday said it will increase by EUR4 million the ceiling for loans granted under the state-supported First Home program, following approval by the National Fund more