Banking - Business Review



BNR: Banks forecast a tightening of the consumption loans standards and unchanged mortgages in Q1 2017

Banking February 20, 2017 12:01 0 comments

Banks forecast a tightening of the consume loans standards after a similar evolution at the end of last year, while the mortgage loans will be unchanged in the first quarter of 2017, after two easing…more »

Emre Unal

Garanti Bank’s total volume of tax payment transactions with Bonus Card up by 16 pct in 2016

Banking February 15, 2017 12:53 0 comments

Garanti Bank recorded a total volume increase of 16 percent for taxes and contributions and payment transactions made using Bonus Card, to RON 2.52 million in 2016, as compared to RON 2.15 million. According to…more »


Banca Transilvania’s net profit at RON 1.23 billion in 2016, becomes second lender in Romania by assets

Banking February 15, 2017 11:26 0 comments

Banca Transilvania said that last year its operating income reached RON 2.8 billion and the net profit RON 1.23 billion, half of the result from 2015, including deferred tax income, compared to the previous year.…more »

garanti bank

Fitch upgrades Garanti Bank Romania rating outlook

Banking February 14, 2017 11:13 0 comments

International rating agency Fitch Ratings upgraded Garanti Bank Romania’s outlook to stable, and confirmed its ratings. As such, the bank’s Long Term IDR was confirmed to ‘BBB- (Investment grade)‘, its Short Term IDR, to ‘F3’,…more »

Mugur Isarescu BNR Prima Casa

BNR: Downward revision of inflation estimate to 1.7 pct at end-2017

Banking February 09, 2017 16:05 0 comments

The National Bank of Romania (BNR) has made a downward revision to 1.7 percent of the inflation forecast at the end of 2017, with 0.4 percentage points, said on Thursday the governor of the central…more »


IPO of private companies not enough to upgrade Romania’s capital market to emerging status, says BNR chief economist

Banking February 02, 2017 15:02 0 comments

The initial public offerings of private companies cannot ensure the liquidity for upgrading Romania's capital market to emerging status, as state companies are also needed on the stock exchange, said Valentin Lazea, chief economist at…more »


BCR inks EUR 25 mln financing deal with TMK-ARTROM Slatina

Banking January 31, 2017 14:00 0 comments

BCR has inked a EUR 25 million financing deal with TMK-ARTROM Slatina, the steel pipes maker. The loan, which has a 7-year maturty, will be used for the acquisition of a thermal treatment line, scheduled…more »

CEC Bank

CEC Bank cuts interest on real estate credits in RON for purchase, sale properties

Banking January 19, 2017 16:59 0 comments

CEC Bank cuts interest on real estate credits in local currency to purchase and building new properties in Bucharest, Ilfov county, county capitals, as well as other localities. For credits destined to the purchase and…more »


ING lowers down payment for mortgage loans to 15 pct

Banking January 10, 2017 15:15 0 comments

Starting January 21, the level of the minimum down payment asked by ING for mortgage loans will be reduced to 15 percent compared with 25 percent at present. The interest on the mortgage loan for…more »


Ymens Romania wins BNR contract for communication infrastructure

Banking January 03, 2017 11:40 0 comments

The National Bank of Romania selected Ymens Romania, part of TeamNet Group, through a tender to deliver equipments and services necessary for a communication infrastructure development delivery and the intrabanking communication network, in a contract…more »