03.14.2023

Shareholders of Libra Internet Bank have approved in their general meeting the re-election of Radu Ghetea, Ionel Umbres, Emilian Bituleanu and Eugen Goga as members of the bank's Board of Directors, more

05.13.2019

Romania's finance ministry has appointed Valentin Mavrodin, head of the state Treasury, as board chairman of state-owned CEC Bank, replacing Radu Ghetea, who was the bank's CEO and board chairman for more

06.08.2015

The bank-client relation is the weakest point in the Romanian and regional banking systems, thus, this should be fixed as soon as possible for the local economy to benefit from lending opportunities, more

05.18.2015

Radu Gratian Ghetea, who is due to retire from his position as CEC Bank president after eight years, says the most difficult moment of his entire 43-year career in the banking sector was the more

11.24.2014

Radu Ghetea, who has been at the helm of Romanian state-run CEC Bank since 2007, says he wants the bank to be more active on the lending market but this depends on finding new capital sources and one more

06.17.2014

Romanian CEC bank’s chief Radu Ghetea said Tuesday that his institution will undergo an asset quality assessment based on the European methodology in view of joining the Single Supervisory more

06.10.2014

Getting rid of bad loans is a “necessary evil”, but bankers are not too enthusiastic to stack up new provisions for overdue loans to clean up their balance sheets, the head of the Romanian Banking more

05.12.2014

Interest rates on corporate loans in Romania will continue their decline started in the recent months, albeit at a slower pace, while the already-low deposit rates could go negative, the president of more

05.06.2014

Romanian CEC Bank’s chief executive Radu Ghetea on Tuesday declined to comment about his possible replacement and said his future is in the hands of the Finance Ministry, the sole shareholder of the more

04.15.2014

The level of non-performing loans (NPLs) in the agricultural sector is very low, Radu Gratian Ghetea, head of Romanian state-run lender CEC Bank said Tuesday. more

03.07.2014

The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about the more

02.20.2014

Radu Ghetea will be dismissed as head of Romania’s state-run CEC Bank, Prime Minister Victor Ponta said Thursday. 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

06.12.2013

Household lending in Romania is highly risky at the moment as financing requests generally come from people in dire straits, CEC Bank president Radu Ghetea said Wednesday at ZF Bankers Summit 2013. more

05.27.2013

A possible decision from Greek banks to sell their Romanian subsidiaries would have no negative effects on the local banking system, the head of Romanian Banking Association said Monday. more

05.21.2013

A steady economic growth could prompt bankers to resume lending as of this fall, the head of the Romanian Banking Association said Tuesday. 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

06.20.2012

Foreign banks in Romania that are well positioned on the market and gained good profits, including Greek lenders, will not leave the country, CEC Bank president Radu Ghetea said Wednesday at the ZF 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

12.20.2011

Romanian banks are likely to reduce interest rates on both deposits and loans in local currency in 2012, the head of the country’s banks association ARB said Tuesday. more

10.13.2011

Romanian state-run lender CEC Bank Thursday said 25% of the distressed loans modified to give the companies more time to recover have gone bad again after three months. more

10.05.2011

Romanian banks are having an increasingly hard time unloading properties at foreclosure auctions and they need to come up with a plan to avoid further defaults from their clients, the head of Romanian more

10.05.2011

The Romanian central bank has agreed to leave the conditions on foreign currency-denominated mortgage and housing loans unchanged, the head of Romanian Banking Association said Wednesday. more

06.17.2011

Foreign currency lending should not be regulated by central bank’s decision and any possible restrictions should be the prerogative of every lender, the head of Romanian Banking Association said more

05.24.2011

The gap between interest rates on Romanian leu- and euro-denominated loans is likely to narrow in the next 18 months, provided the cost of domestic currency lending will continue its downward trend, more