Banking - Business Review

Banking

Banca Transilvania confirms negotiations for Bancpost takeover

Banking September 15, 2017 13:04 0 comments

Banca Transilvania has announced that negotiations for the takeover of Bancpost continue, according to a statement submitted to the Bucharest Stock Exchange (BVB). “Further details regarding the transaction will be communicated after finalizing the necessary…more »

Garanti Leasing signs loan agreement for EUR 10 mln with the Black Sea Trade and Development Bank

Banking September 14, 2017 15:15 0 comments

Garanti Leasing, part of Garanti Romania, has signed a loan agreement of EUR 10 million with the Black Sea Trade and Development Bank (BSTDB). The facility will be used to support Garanti Leasing’s activities and…more »

Alpha Bank group profit in Romania up to EUR 20.3 mln in H1

Banking September 04, 2017 16:37 0 comments

Due to the reduction of provisions for bad loans, the profit of Greek group Alpha Bank in Romania went up by over three times in the first semester to EUR 20.3 million, compared with EUR…more »

BNR: No Romanian bank has solvency rate under legal minimum level

Banking August 22, 2017 15:35 0 comments

The National Bank of Romania (BNR) says that "no bank from Romania has the solvency under the legal minimum level” and that there is "no reason to worry on the individuals and firms’ deposits safety…more »

Romania’s tax agency starts fiscal inspections at three banks over losses

Banking August 16, 2017 09:31 0 comments

The tax administration agency ANAF has initiated fiscal controls at three banks as part of a wider investigation into the losses posted by the banking system. The news came days after PM Mihai Tudose said…more »

Banks in Romania react to PM Tudose’s allegations of profit externalization

Banking August 11, 2017 14:52 0 comments

The banking system reacted following statements by government officials in Romania regarding the losses incurred by dozens of lenders in the past five years. PM Mihai Tudose said that nobody can understand how a banking…more »

Isarescu Fiscal Code

Isarescu: A big part of the banks’ losses come from low lending activity

Banking August 09, 2017 14:47 0 comments

A big part of the banks’ losses come from not grating loans, said this Tuesday the governor of the National Bank of Romania’s (BNR), Mugur Isarescu. “Banks cannot survive only from payment commissions or from…more »

Mugur Isarescu BNR Prima Casa

BNR revises upwards to 1.9 pct inflation forecast for year-end

Banking August 08, 2017 16:10 0 comments

The National Bank of Romania (BNR) revised upwards to 1.9 percent the inflation forecast for year-end, said the BNR governor, Mugur Isarescu, taking into account that previously he estimated an inflation rate of 1.6 percent,…more »

BNR maintains the monetary policy interest at 1.75 pct

Banking August 04, 2017 15:54 0 comments

The Administration Council of the National Bank of Romania (BNR) decided this Friday to maintain the monetary policy interest at 1.75 pct/year and to maintain the current level of mandatory minimum reserves for the liabilities…more »

"sergiu manea"

BCR’s net profit shrinks in half to RON 305 mln in H1

Banking August 04, 2017 13:24 0 comments

BCR’s net profit reached RON 305 million in the first semester due to the operation results of RON 729.8 million which is higher by 3.6 percent compared with 2016, while the loan book expanded by…more »