Banking - Business Review



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 »

Banca Comerciala Carpatica

Merger of Banca Carpatica, Patria Bank, postponed until 1 February 2017

Banking December 26, 2016 13:04 0 comments

The merger of Banca Carpatica and Patria Bank was postponed for one month, until 1 February 2017. The two entities will function as one entity starting February, provided that the court, due to issue a…more »


Romanian currency falls to 6-month low against the Euro

Banking December 23, 2016 15:33 0 comments

The National Bank of Romania has announced on Friday an exchange rate of RON/EUR 4.53, sending the Romanian currency to the lowest level against the Euro in the last six months, taking into account the…more »


BCR names Ryszard Druzynski as vice president responsible for operations & IT

Banking December 22, 2016 16:27 0 comments

Ryszard Druzynski will has been named vice president responsible for operations & IT at BCR starting March 1 2017. He is replacing Paul Ursaciuc, previously member of the board in charge with operations & IT,…more »

romanian money

BNR: Banks ease mortgage loan conditions in Q3

Banking December 22, 2016 11:59 0 comments

Banks have eased significantly the standards for mortgage loans in the third quarter of this year, after two quarters in row of tightening conditions and this trend is set to continue in the last quarter,…more »

epa02773679 An exterior view of the European Investment Bank (EIB) Headquarters in Luxembourg, where Tajikistan's President Emomali Rahmon and Philippe Maystadt, the President of the European Investment Bank, withe their delegations met for talks, on 10 June 2011.  EPA/NICOLAS BOUVY

EIB lends EUR 15.3 mln energy efficiency of residential buildings in Bucharest’s District 6

Banking December 21, 2016 16:14 0 comments

The European Investment Bank (EIB) is lending EUR 15.3 million (the first installment of an approved EIB loan for a total amount of EUR 40 million) to finance the second phase of the refurbishment program…more »


Number of Romanians with back payments at banks and IFNs down to 611,613 in October

Banking December 09, 2016 13:13 0 comments

The number of individuals with back payments at banks and non-financial institutions (IFN) went down to 611,613 in October, compared with the level from September, according to the National Bank of Romania (BNR). Compared with…more »

ghetea radu gratian

CEC Bank’s NPL rate exceeds the banking system’s average, the profit reaches RON 33 mln on 11 months

Banking December 09, 2016 13:08 0 comments

The rate of non-performing loans at state-owned CEC Bank is currently 11.5-12 percent, above the average of the banking system, said Radu Ghetea, the president of the bank in a conference. „We talk about non-performing…more »

"ufuk tandogan"

Garanti Bank expects Romania’s GDP growth rate to slow down next year to 3.7 pct

Banking December 06, 2016 16:48 0 comments

Garanti Bank estimates that Romania's GDP growth rate could slow down to 3.7 percent next year, as consumption dynamic is expected to decrease due to pre-stimulus (food VAT cut in June 2015, general VAT cut…more »