02.19.2018

Romania’s banking system posted about 5.6 billion lei (some EUR1.2 billion) net profit in 2017 and assets increased to a peak of RON427.4 billion (EUR94 billion), driven by the rise in lending, more

01.15.2018

Banks paid 641.5 million lei (EUR138 million) corporate tax in 2017, double as much as budgeted for last year and as paid in 2016. The banks’ corporate tax in 2017 was the highest in seven years. more

11.21.2017

Romania’s banking system posted about 4.14 billion lei (some EUR910 million) net profit in the first nine months and assets rose to a peak of RON406.4 billion, driven by the rise in lending, more

11.17.2017

The five largest banks in Romania by assets posted more than 3 billion lei (EUR647 million) profit in the first nine months of this year, about 2% higher than in the year-ago period, according to the more

08.18.2017

ING Bank, the seventh largest lender in Romania by assets, climbed to the top spot of the ranking of primary dealers in the first half. Previous leaders were Raiffeisen Bank (2016) and Banca more

07.13.2017

The banks in Romania have become the most profitable in Europe, as the return on equity (ROE) reached 15.6% at the end of the first quarter, double the European average, statistics of the European more

06.07.2017

Czech Republic-based Expobank, held by a Russian investor, Igor Kim, as well as an investment management company in London, Argo Capital Management, together with Duet Private Equity, are in the race more

03.17.2017

Banca Transilvania kept its leading position by profits on the local banking market in 2016, followed by BCR and BRD-SocGen. Fourth leading bank by profit was ING Bank, while Raiffeisen and UniCredit more

02.27.2017

Almost three quarters of the lenders in Romania posted profit in 2016, an improvement on 2015, Romania’s central bank data show. more

02.20.2017

Romania’s banking system posted 4.3 billion lei (EUR951.5 million) net profit in 2016, the second highest annual profit since the onset of the economic crisis. more

02.13.2017

Last year was a good year for banks, despite legislative turmoil and gloomy forecasts by bankers, so new retail and corporate leu and euro-denominated loans stood at more than 67 billion lei (EUR15 more

11.30.2016

More than two thirds of the lenders in Romania posted profit in January-September, an improvement on the year-ago period, and on the end of 2015. more

10.14.2016

Romania’s central bank (BNR) says that the conversion of the Swiss franc loans at the historical exchange rate could drive the solvency of two banks under the minimum requirement, and in all six more

09.15.2016

BCR clearly stood out as the profit leader on the local banking market in the first half, followed by Banca Transilvania and BRD-SocGen. Next in the ranking were ING Bank, UniCredit and Raiffeisen. more

08.22.2016

Romania’s banking system posted about 2.4 billion lei (EUR537 million) net profit in the first half so the profit may come close or even be higher than in the last year of economic boom, 2008, when more

08.17.2016

BCR, BRD-SocGen and Banca Transilvania, the three largest lenders in Romania, posted about 1.5 billion lei (EUR330 million) profit together in the first half, an increase of 50% on the year-ago more

05.24.2016

Romania’s banking sector posted 1.17 billion lei (EUR259 million) profit in the first quarter, while assets decreased to RON370.2 billion. more

04.25.2016

BCR, BRD and Banca Transilvania, the three largest banks in Romania by assets, are looking for buyers for about 3,000 foreclosed houses and apartments, which they are offering for sale at lower prices more

02.19.2016

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01.19.2016

Consolidation of the Romanian banking sector will continue and the number of banks may halve. It will not happen in one or two years, though, it will take longer than that, says Mihaela Bitu, deputy more

11.27.2015

The five largest banks in Romania managed over 200 billion lei (EUR45 billion) assets at the end of September, more than half of the total assets in the system (almost RON360 billion). more

11.19.2015

Foreign banks lowered exposure to the Romanian economy by $5.6 billion in the past year (July 2014-June 2015) in one of the biggest deleveraging moves in Eastern Europe. more

11.05.2015

Banks, insurers and all the other companies on the local financial market got more than 3 billion lei (EUR681 million) capital injections in the first nine months of the year, with most of the money more

10.13.2015

Significant shareholders of Banca Transilvania (TLV.RO), such as regional investment fund SIF Moldova (SIF2.RO), Roberto Marco Marzanati, Radu Palagheanu and Horia Ciorcila, the bank chairman, have more

07.08.2015

Raiffeisen and Banca Transilvania preserved their top two positions among the most profitable lenders in Romania last year and Citi climbed to third after a 44% increase in net profit. more