07.16.2013

The Romanian government should become more involved in guaranteeing loans for small and medium-sized enterprises and for firms in sectors where risk is not as low as banks would like, International more

07.15.2013

The European Bank for Reconstruction and Development (EBRD) will grant loans of EUR16.4 million and EUR10.8 million to the water and sewage companies in counties Bacau, eastern Romania, and Maramures, more

07.12.2013

More than one thousand companies in Romania took out EUR11 billion loans directly from Austrian, German, French, Spanish and Italian banks by the end of March, according to central bank data. more

07.05.2013

Banks have cut interest rates for ongoing loans in lei by three quarters of a percent in three months’ time, to 10.8% a year in May, but have kept their net interest margin as high as possible, more

07.01.2013

The central bank’s decision to ease its monetary policy should reflect into lower loan rates in the local market over the coming months, the bank’s chief said Monday. more

06.28.2013

Romanian consumers were once again denied the possibility to denounce in court potentially abusive clauses introduced by service providers, including banks, after the lawmakers decided Friday to defer more

06.25.2013

Retail lending in Romania has reached an impasse after most of the consumers eligible for financing have already taken out loans, leaving banks with very few options to find new clients, an official more

06.21.2013

BCR, the largest bank on the Romanian market, is preparing to “bite” into the euro market with a new mortgage loan in lei, says Martin Skopek, executive vice-president in charge of retail of BCR. more

06.17.2013

Romanian lender UniCredit Tiriac Bank funded around 100 small and medium-sized businesses with a total EUR25 million through the Joint European Resources for Micro to Medium Enterprises (JEREMIE), more

06.13.2013

The chief executive of Raiffeisen Bank Romania Thursday said that local demand for foreign currency loans remains high despite restrictions imposed by the central bank in a move to limit the impact of more

06.11.2013

Romanian cable maker Romcab Targu-Mures (MCAB.RO) plans to contract two loans of EUR1 million and RON4 million, respectively, from Banca Comerciala Feroviara, and to extend a credit line of RON36 more

05.15.2013

Steven van Groningen, chief executive of Raiffeisen Bank, says loan interest rates will be gradually cut, but the cuts will be made depending on market conditions, not because somebody ordered it. more

05.13.2013

Romania’s lending market is likely to grow at an average annual rate of 7.9% in 2013-2017, a report from Raiffeisen Research showed. more

05.06.2013

Romanian hotel company THR Marea Neagra (EFO.RO), owned by regional investment fund SIF Transilvania (SIF3.RO), will contract two credit lines totaling RON15 million, for which it plans to pledge five more

04.23.2013

Non-banking financial institutions members of the ALB Romania association, which make up for 86% of the local consumer lending market, granted financing of EUR512.4 million last year, the association more

04.17.2013

Banks have ended up foreclosing on 2,000 homes per month as they seek to recoup money from bad payers, according to ZF calculations based on the difference between the rise in the number of loans and more

04.15.2013

Romanian lender BRD Groupe Societe Generale granted mortgage loans totaling over EUR900 million under the government-backed First Home program, between the summer of 2009 and the end of the first more

04.12.2013

The 20 years of entrepreneurship in Romania since the 1989 revolution have not been enough to create a generation of business people, with most entrepreneurs starting from scratch, with no financial more

04.03.2013

Two thirds of the major real estate assets – malls and office buildings – in Romania are for the moment held by financing banks, reveals a ZF analysis. more

03.29.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, Friday said its non-performing loans (NPLs) remained stable at EUR657 million in 2012 and that the higher figure announced by the mother more

03.28.2013

Agriculture Minister Daniel Constantin on Thursday said ministry officials are in talks with bank representatives as regards allowing Romanian farmers to purchase farmland and use it as collateral on more

03.27.2013

Romanian overdue private loans rose 2.85% on the month to 30.1 billion lei (EUR6.83 billion) in February, amounting to roughly 13.4% of the total lending, central bank data showed Wednesday. more

03.26.2013

Romania has the highest household debt to disposable income ratio in Europe, of around 20%, well above the ratios in Germany, France or Italy, a central bank official said Tuesday. more

03.26.2013

Romanian small and medium-sized companies will have limited access to foreign currency loans once the central bank’s new regulations are in place, an official of Volksbank Romania said Tuesday. more

03.14.2013

Mortgage loans sold through the ‘First Home’ scheme now account for almost 40% of the total home buying loans, meaning bankers passed 20% of the risk on to the government, which pays half of the more