01.26.2012

Romanian overdue private loans fell 2.58% on the month to 21.33 billion lei (EUR4.88 billion) in December, equal to 9.47% of the total lending, according to data released Thursday by the central bank more

01.18.2012

The governor of the central bank of Austria, Ewald Nowotny, says publicly he does not intend to drastically restrict the position of Austrian banks in the region, but unofficially continues to press more

01.12.2012

BCR, the largest bank on the market, raised its interest rate margin by over one percent on euro-denominated mortgage loans, to 5.95% above six-month Euribor, and by half a percent for leu-denominated more

01.11.2012

Bankers sold almost EUR540 million worth of loans through the “First Home 4” scheme, one third of the value of the loans granted in the previous three iterations. Only 150 customers of a total of more

12.28.2011

Romanian overdue private loans rose 2.8% on the month to 21.9 billion lei (EUR5.1 billion) in November, equal to 9.7% of the total lending, central bank data showed Wednesday. more

12.23.2011

Threatened with the loss of foreign funding, bankers have decided to launch more aggressive offers for loans in lei to persuade customers to borrow in local currency after the central bank (BNR) more

12.16.2011

Romanian authorities on Friday signed two deals with the European Investment Bank, for loans cumulating EUR500 million, aimed at funding the construction of a new subway line in Bucharest and more

12.16.2011

The relaxed lending terms in the past and the decline in the customers’ incomes during the crisis are now putting pressure on the banks’ portfolios, and bankers are seeing fewer and fewer more

12.13.2011

More than half the non-performing loans accumulated by BCR were generated during the 2006 - 2007 transitional period and before Erste took over the bank after it won the privatization process in 2006, more

12.12.2011

Some 10% to 15% of the non-performing loans of Romanian bank Banca Comerciala Romana (BCR) are due to frauds committed by dishonest employees and by outside persons, Chief Risk Officer Michael Beitz more

12.09.2011

The European Bank for Reconstruction and Development is considering extending Romania’s lender BRD two credit lines amounting to up to EUR30 million to finance energy saving projects. more

11.25.2011

Romanian overdue private loans rose 3.13% on the month to 21.3 billion lei (EUR4.88 billion) in October, equal to 9.58% of the total lending, central bank data showed Friday. more

11.25.2011

The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstruction and more

11.22.2011

Cetelem, the largest consumer finance company on the market, controlled by French group BNP Paribas, sold 25% more new loans in the first nine months of 2011 compared with the corresponding period of more

11.22.2011

The pressure on leu interests will go up again and the government will remain trapped in short-term funding on the local market. In a worst case scenario, Romania might end up borrowing money from the more

11.18.2011

A higher appetite for saving money rather than borrowing it, more inquiries about leu loans, the lack of prospects for cheaper loans in general and the decline of the consumer lending market because more

11.14.2011

The Romanian Finance Ministry plans to borrow EUR1.3 billion from international markets to cover half of next year’s budget deficit, but the total amount attracted from foreign creditors could be more

11.14.2011

State-held CEC Bank is selling until January 15 2012 leu-denominated mortgage loans with a fixed interest of 5.97% in the first year, after which it charges a margin of just 1.75 percent above more

11.10.2011

Past due payments on individual loans exceeded the 7 billion lei (EUR1.6 billion) mark in September, rising 42% in the past year. The volume of overdue household loans tripled against September 2009. more

11.07.2011

Romanian overdue payments on loans worth at least 20,000 lei (around EUR4,600) rose to RON19.23 billion in September, 31% higher on the year, central bank data showed Monday. more

11.04.2011

BCR, the largest bank on the Romanian market by assets, wrote off as losses several big-value loans granted to companies with financial problems, which were restructured several times during the more

10.28.2011

Romanian central bank’s new lending regulations don’t include restrictions for mortgage loans in foreign currency, governor Mugur Isarescu said Friday. more

10.26.2011

Romanian overdue private loans edged up 2.37% on the month to 20.66 billion lei (EUR4.77 billion) in September, from roughly RON20.2 billion a month earlier, central bank data showed Wednesday. more

10.25.2011

Turmoil on the international financial market has caught local banks off-guard, after they grew too reliant on funding from parent banks and as such let the imbalance between loans granted and more

10.25.2011

The overall decline trend of the real estate market will “most likely be higher than a single digit over the next sixteen months, will translate into a less and less active market, a decline in the more