02.26.2014

Small- and medium-sized enterprises (SMEs) in Romania can get loans from Volksbank to finance their working capital, within a total maximum ceiling of RON47.3 million, with low guarantees, under a more

01.27.2014

Global private investment firm HIG Capital, based in Miami, USA, has negotiated a record deal with Volksbank to buy a package of retail non-performing loans (NPLs) valued at EUR600 million, including more

01.06.2014

The visible decline of leu interest rates should revive the demand for loans, but the major obstacle to the market rebound remains the absorption of the huge volume of non-performing loans. more

12.19.2013

The shareholders of banks, insurers and leasing companies this year injected EUR500 million into the capital of Romanian subsidiaries. more

12.05.2013

Volksbank Romania, a unit of Austria’s Volksbank AG, plans to sell part of its non-performing loans “shortly,” a central bank official said Thursday. more

12.03.2013

Volksbank Romania, which is due to be sold by Volksbank Austria by the end of 2015, has received a massive capital increase of EUR120 million from its shareholders, in order to compensate for costs more

11.22.2013

Volksbank, one of the biggest loss-makers on the Romanian banking market, has put up for sale a bundle of non-performing retail loans worth around EUR600 million in total. The amount includes the more

10.07.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, has appointed Florin Kubinski to the position of vice-president. more

09.05.2013

Romanian cable maker Romcab Targu-Mures (MCAB.RO) wants to borrow EUR4 million from Volksbank to finance the construction of a warehouse. more

09.02.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, Monday reported a 51% increase in its new loans to over EUR83 million in the first eight months of 2013. more

08.29.2013

The Romanian unit of Austria’s Volksbank bought for EUR2.5 million an unfinished 5,000-sqm office tower in Bucharest from an insolvent firm, which had borrowed about EUR5 million from the bank to more

08.20.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, Tuesday said it plans to invest nearly EUR10 million in modernizing all units countrywide. more

05.23.2013

Raiffeisen Bank was the most profitable bank in Romania last year, posting 392 million lei (EUR90 million) in net profit. more

04.26.2013

Austrian group Volksbank, which controls 51% in Volksbank Romania through a vehicle where it partners with a French bank and a German bank, reaffirms its intention to sell the Romanian bank in 2015, more

04.15.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, plans to keep the interest rate on savings products above the market average to balance the loan to deposit ratio and increase the number more

04.14.2013

Volksbank Romania, the local unit of Austria’s Volksbank AG, will invest EUR20 million in rebranding, renovating and extending its branches by the end of 2013, said the bank’s vice-president 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

03.15.2013

Uncertainty about the economy and the lingering financial crisis have pushed many Romanians to save more despite the low interests, Volksbank Romania’s vice-president Lucian Cojocaru said Friday. more

03.06.2013

Romanian Energomontaj will take a two-year of 145 million lei (EUR33 million) from a consortium of four local banks, to finance its operations and guarantee the company’s development projects, more

02.20.2013

Volksbank, which has been through a tough restructuring in the past few years, now wants to increase its number of clients and attract more deposits, and is preparing to open new branches. more

01.21.2013

Theo Buftea was appointed head of Volksbank Romania’s treasury department at the end of last year, the bank said Monday. more

10.11.2012

Lending to individuals remains frozen despite the promotional offers, so now banks are betting on loans in lei to companies. more

09.22.2012

Romania’s low absorption rate of European Union financing is due to the fact that only 15% of EU’s structural and cohesion funds allocated to Romania for the 2007-2013 period targeted the private more

09.19.2012

Austrian lender Volksbank AG will sell its Romanian business and several other non-core units by 2017, according to the bank’s reorganization strategy approved by the European Commission on more

08.16.2012

Volksbank Romania, which ended last year with a loss of around EUR95 million according to international reporting standards, has decided to shed almost 170 jobs as part of restructuring measures in a more