banks

Central Bank Recommends Banks Should Not Distribute Dividends in 2020

12:56, 01 Apr. 2020
Romania's central bank recommends commercial banks operating in Romania not to distribute dividends this year from their 2019 earnings, central bank board member Cristian Popa said Wednesday.

Banks Call for Amended Regulations to Postpone Loan Payments

16:26, 16 Mart. 2020
Commercial banks have asked the Romanian central bank to amend the regulation framework to allow postponing loan payments in various situation arising from the coronavirus crisis, such as isolation, travel restrictions or suspension of activity.

New Bank Tax Prompts BCR to Revise All Investment Plans, CEO Says

13:17, 18 Ian. 2019
Romanian lender Banca Comerciala Romana (BCR), majority owned by Austrian Erste Group, is reconsidering all its investment plans due to the new tax on bank assets, CEO Sergiu Manea said at a banking conference on Friday.

Bancpost, Eximbank Sign SME Funding Agreement With RON20M Guarantee Cap

12:30, 04 Iul. 2017
Small and medium-sized companies with insufficient assets to cover guarantees may get loans from Bancpost, under a guarantee cap of RON20 million, following an agreement between the lender and EximBank.

Foreign Banks May Withdraw Money From Romanian Subsidiaries If They Want – Official

14:24, 30 Oct. 2011
Romania’s representative to the International Monetary Fund, Mihai Tanasescu, said Sunday foreign banks’ local subsidiaries may transfer money outside the country should mother banks ask for it.

Romanian President: Domestic Banking Sector Is Well-Capitalized

20:56, 31 Iul. 2011
Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that the domestic banking sector is well-capitalized, but attention must be paid to the local banks in relation to their parent banks.

Romanian President Thanks Local Greek-Owned Banks For „Proper” Conduct

14:49, 28 Iun. 2011
Romanian President Traian Basescu said Tuesday, after a talk with Greek President Karolos Papoulias, that the seven Greek banks on the Romanian market are operating "properly," for which he is thankful.

Romanian Banks “Warming Up” For Lending Restart – Assoc

14:44, 20 Apr. 2011
Romanian banking system is going through a “warm-up” period, when the lenders provide mostly refinancing services, but the situation must change so that private lending can recover, the head of Romanian Banking Association said Wednesday.

Romanian Govt Does Not Support Additional Tax On Bank Profit Without EU Agreement

11:25, 07 Apr. 2011
Romania's Government does not support introducing a "solidarity tax" of 2.5% on the profit of financial and lending institutions, proposed by a number of MPs, without a EU consensus, fearing that banks will transfer their profit abroad.

Three Quarters Of Romanians Avoid Interacting With Banks – Poll

18:51, 17 Feb. 2011
A poll conducted by Romanian surveyor IRES revealed that 76% of Romanians would prefer to stay away from banks, while less than half of bank clients trust the lenders.

Romanian Banks Post First Annual Loss Since 1999

12:52, 13 Feb. 2011
Romanian banks reported combined losses of 304 million lei (EUR1=RON4.2649) in 2010, for the first time in 11 years, people familiar with the matter told MEDIAFAX Friday.

Romania Should Watch Over Small, Low-Provisioned Banks – IMF

16:35, 12 Ian. 2011
Romanian authorities should “maintain vigilance” over small banks, which are faced with a rapidly deteriorating loan quality and whose provisions are below the system average, the International Monetary Fund said in an analysis.

Romanian Banks Lack Trust To Resume Lending, Not Money – Ctrl Bker

13:25, 26 Nov. 2010
Romanian lenders are ready to resume lending “right now,” as they have sufficient liquidity, but they lack confidence in the economy, a central bank official said Friday.

Romanians May Choose To Repay Loans In Equal Or Decreasing Installments

20:47, 23 Nov. 2010
Romanians will have the option of repaying a loan in installments of equal or of decreasing value, with the latter chose reducing the total cost of the loan, but limiting the borrowed amount.

Romanian Household Loan Demand Seen Rising Slightly In Q4

15:03, 15 Nov. 2010
Romanian banks estimate household lending will recover slightly in the fourth quarter of 2010, but demand is expected to remain weak, a quarterly central bank survey showed Monday.

Romanian Banks’ 9-Mo Losses At RON474.5M

13:37, 31 Oct. 2010
Romanian banking system losses increased by 240.5 million lei (EUR1=RON4.2664) in the third quarter of the year, to RON474.5 million at the end of September, but most major banks reported profit.

IMF: Consumer Credit Law Could Cost Romania Banks Hundreds Of Millions

17:08, 28 Oct. 2010
Romanian lenders are likely to lose hundreds of millions in euros unless the current version of the consumer credit law is amended so it doesn’t affect older loans, an official of the International Monetary Fund said Thursday.

Romanian Banks Should Rethink Business Strategies – Ctrl Bker

16:24, 12 Oct. 2010
Romanian banks should reconsider loan reimbursement risks and change their business strategy to prompt lending and economic revival, an official of the central bank said in a presentation.

EXCLUSIVE: EC Asks Romanian Authorities To Explain Ordinance On Consumer Loans, After Complaints

19:54, 06 Oct. 2010
The European Commission is asking Romanian authorities for an explanation, after it received complaints regarding the transposition of Directive 84/2008 into Romanian legislation through Emergency Ordinance 50/2010, which requires banks to ensure transparency for current loan contracts.

EXCLUSIVE: IMF: Parent Banks May Want To Increase Exposure To Romania Voluntarily

14:41, 06 Oct. 2010
Romania’s agreement with the parent banks of the largest local lenders is temporary and the country won’t probably need it any more in a year and a half, as the banks will want to increase their exposure voluntarily, an official of the International Monetary Fund said Wednesday.

Romanian Banks Gloomy About Lending Revival In 2010 – Survey

21:42, 20 Aug. 2010
Romanian banks are pessimistic about lending revival in 2010, following tightening credit terms on the local market in the second quarter of the year, a central bank survey showed Friday.

Romanian Ctrl Bk, IMF To Analyze Foreign Bks’ Local Exposure On July 22

20:14, 06 Iul. 2010
The parent banks of Romania’s top nine lenders will meet on July 22 in Brussels with representatives of the International Monetary Fund, the European Commission and the country’s central bank for the fourth evaluation of the agreement sealed in March 2009, official sources told MEDIAFAX.

Romanian Banks See Foreclosure As Loss, Seek Dialogue

11:56, 06 Iul. 2010
Romanian banks cannot sell assets seized in foreclosures because there is no demand, the banks' association ARB president Radu Ghetea said Tuesday.

1/5 Of Romanian Household Loans Provided To State Employees

15:27, 20 Mai 2010
Romanian banks provided loans to employees in the public sector worth approximately 20 billion lei (EUR1=RON4.1998), amounting to one fifth of the total household lending, central bank data showed Thursday.

Romanian Banks’ Contributions In Deposits Guarantee Fund To Hike As Of 2011

00:53, 11 Mai 2010
Romania’s deposits guarantee fund FGD will consolidate its funds through raising, as of 2011, the contributions of the participating banks and will progressively give up the stand-by credit lines, according to additional documents to the agreement sealed with the International Monetary Fund.

Romania’s Competition Council Might Fine Another Bank For Inexact Data

14:38, 22 Apr. 2010
Romania’s Competition Council is investigating another lender for providing inexact data, after it fined Raiffeisen Bank for the same reason, the watchdog’s president Bogdan Chiritoiu said Thursday.

Romania’s Govt Pleads For Eliminating Early Loan Repayment Fees – PM

12:04, 22 Apr. 2010
Romania’s government will endorse the normative act proposed by the national authority for consumers’ protection ANPC to eliminate the fee for early repayment of bank loans, including on mortgage loans, Prime Minister Emil Boc said Thursday.

Romanian Banks Most Worried About Credit Risk – PwC

14:47, 21 Apr. 2010
Credit risk is what Romanian lenders fear the most and banks don’t expect an improvement any time soon, a survey from the Center for the Study of Financial Innovation (CSFI) and consultancy firm PricewaterhouseCoopers (PwC) showed Wednesday.

Queues, High Interest Rates Cause Romanian Bks To Lose Mkt Share – Poll

19:15, 13 Apr. 2010
Romanian banks BCR, CEC Bank and several others are losing market share because of the long waiting lines and high interest rates, among other issues, according to a poll conducted by research company Synovate.

Romanian Banking System Posts RON261M Net Profit In February

11:38, 31 Mart. 2010
Romanian banking system reported net profit of 261 million lei (EUR1=RON4.0729) in February, a central bank official said Wednesday.

Romania’s Personal Insolvency Law To Affect Good Payers, Banks To Up Interest Rates

13:01, 25 Mart. 2010
Romania’s personal insolvency law will work in favor of people who have overdue debts and to the detriment of good payers, as banks will set harsher loan conditions and increase interest rates, Association of Commercial Debt Management (AMCC) representatives said Thursday.

Romania Ctrl Bk: Banks Will Seek Additional Guarantees After Personal Insolvency Law Adoption

19:13, 23 Mart. 2010
The adoption of the personal bankruptcy law might force banks to require additional guarantees, which would restrict people's access to loans, Adrian Vasilescu, an adviser for the central bank governor, said Tuesday.

Banks Say Personal Insolvency Law Will Raise Lending Costs

15:46, 23 Mart. 2010
Romania's adoption of the personal bankruptcy law is an additional risk for banks and will raise costs for household lending, especially for mortgage loans, according to Steven van Groningen, vice-president of the Romanian Banking Association ARB.

Co-Financing, Romania’s Main Problem In Attracting EU Funds – State Secretary

14:21, 17 Mart. 2010
Romanian Tourism and Regional Development Ministry secretary of state Barna Tanczos said Wednesday that co-financing has become the country's main problem in absorbing European funds.

Romanian Banks Have Enough Funds, Must Co-Finance EU Projs – Fin Min

12:53, 05 Mart. 2010
Romania’s banking sector has plenty of funds and lenders will have to aim at giving loans to support European funds drawing, as the state won't sell as many treasuries as in 2009, Finance Minister Sebastian Vladescu said Friday.

Romanian Banks See Easier Conditions For Mortgage Loans, First Time In 2 Yrs – Survey

19:55, 18 Feb. 2010
Romanian banks expect, for the first time in the past two years, a relaxation of lending standards for mortgage loans, on the real estate market, by lowering housing prices, according to a central bank survey.

Fitch Revises Outlook On 4 Romanian Banks Following Sovereign Action

16:43, 04 Feb. 2010
Fitch Ratings on Thursday revised four Romanian banks' outlooks to stable from negative following the similar action on Romania's sovereign rating earlier this week.

Romania’s Ctrl Bk OKs Raiffeissen Banca pentru Locuinte, HVB Banca pentru Locuinte Merger

13:25, 15 Dec. 2009
Romania’s central bank BNR approved the merger between lenders Raiffeissen Banca pentru Locuinte (RBL) and HVB Banca pentru Locuinte (HVB BpL) that was registered at the Bucharest Trade Register Office on December 1.

Worst May Be Still To Come For Romanian Banks – Ctrl Bker

15:03, 09 Dec. 2009
Romanian lenders must wait at least another year to breathe easily, as the worst part of the crisis is yet to come, according to central bank’s head of supervision division Nicolae Cinteza.

Romanian Banks Could Book Lower Provisions For Rescheduled Loans

12:32, 09 Dec. 2009
Romanian lenders might be motivated to refinance or reschedule loans for which they could book lower provisions, if the central bank approves a proposition of the local banking association ARB to change the classification of loans and provisioning regulations.