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Key move. Parliament appoints Eugen Nicolaescu as BNR vice governor

Banking May 25, 2017 13:05 0 comments

The Parliament decided on Wednesday through vote to appoint Eugen Nicolaescu as vice governor of the National Bank of Romania (BNR) and as member of the Administration Council of BNR. For the appointment of Nicolaescu,…more »

Okan Yurtsever

IFC and Garanti Leasing support women entrepreneurs in Romania

Banking May 24, 2017 17:10 0 comments

IFC, member of the World Bank Group, has provided an EUR 5 million loan to Garanti Leasing, part of Garanti Romania, one of the most dynamic financial groups on the local market, for financing small…more »

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Assets of banks from Romania to RON 393.7 bln in March, spike by 6.3 pct in Q1

Banking May 23, 2017 11:08 0 comments

Assets of Romanian banks amounted to RON 393.7 billion in March, recording a 6.3 percent spike in the first quarter of this year, due to the reduction of non-performative loans and the maintenance of a…more »

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Grindeanu: It’s high time we had at least one ATM in every village besides churches, mayor offices and schools

Banking May 22, 2017 15:26 0 comments

PM Sorin Grindeanu said this Monday at the Financial Market Forum that the financial-banking education of the population is a field where "we need to do more, as it’s high time we had at least…more »

Mugur Isarescu BNR Prima Casa

Governor Isarescu, to banks: Drop litigations with customers, regain their trust

Banking May 22, 2017 15:09 0 comments

Banks from Romania need to regain their credibility in front of  their customers, after a period of several years when it dropped. In addition, lender should need to get closer to clients so as to…more »

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BCR grants EUR 23.4 mln loan to Romcarton for new factory in Popesti-Leordeni

Banking May 17, 2017 14:18 0 comments

BCR offers Romcarton SA, the company member of Rossmann group, one of the important companies of packages from wavy cardboard production, a loan of EUR 23.4 million to build a new factory in Popesti-Leordeni. The…more »

aiib romania

MFP: Romania is ready to join the Asian Infrastructure Investment Bank

Banking May 15, 2017 14:08 0 comments

The Ministry of Finance (MFP) says that Romania has to pass legislation in order to assume its role as a member of the Asian Infrastructure Investment Bank (AIIB), which is led by China. The AIIB…more »

Mugur Isarescu BNR

BNR revises Romania’s inflation rate down to 1.6 pct for the end of 2017

Banking May 15, 2017 13:40 0 comments

The National Bank of Romania (BNR) has revised the inflation rate in decrease to 1.6 percent for the end of 2017, said this Monday the BNR governor, Mugur Isarescu, when he previously forecasted a inflation…more »

Euro-Zahnrad

Juncker plan: EUR 177 mln for SMEs in Romania

Banking May 11, 2017 11:13 0 comments

Close to 2,000 SMEs in Romania will be able to get loans following the agreement signed between the European Investment Fund (EIF) and Raiffeisen Bank. Some EUR 177 million will be allotted to small and…more »

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Key move. World Bank names new country manager for Romania and Hungary

Banking May 10, 2017 13:16 0 comments

The World Bank has appointed Tatiana Proskuryakova as the new country manager for Romania and Hungary. She will replace Elisabetta Capannelli, who has been the World Bank country manager since May 2013, and will be…more »