Banking - Business Review


alternative dispute resolution

How banks and their customers can resolve disputes quickly and avoid the courts through the Centre for Alternative Dispute Resolution in Banking

Banking April 23, 2018 14:47 0 comments

Banks or non-bank financial institutions and their customers often have disagreements or disputes over certain procedures, fees or other operations, and until recently, these types of issues were very difficult to resolve because it could…more »

The National Bank makes unprecedented move and proposes ceilings for loan interest rates

Banking April 20, 2018 19:52 0 comments

National Bank of Romania does not agree with the proposal of completing Government Ordinance 13/2011 with limiting the legal penalty interest rate and the interest rates on credits, but it has decide to give its…more »

otp bank

OTP withdrew the appeal filed against Romania’s central bank, terminates acquisition of Banca Romaneasca

Banking April 20, 2018 10:09 0 comments

The Hungarian financial group OTP announced on Thursday that it withdrew the appeal filed against Romania's central bank's decision to reject Banca Romaneasca’s takeover from Greek group NBG. OTP terminates the acquisition of Banca Romaneasca…more »

Telekom Banking launches new products: consumer and refinancing loans

Banking April 19, 2018 14:34 0 comments

Starting this month, Telekom Banking offer includes two new products dedicated to the Romanian market: consumer loan and refinancing loan, through which customers can borrow up to RON 100,000 for the maximum period of five…more »

Banking with blockchain technology: pilot transactions across borders in EU

Banking April 19, 2018 13:39 0 comments

Batavia, the blockchain-based global trade finance platform that has been developed by a consortium consisting of Bank of Montreal, CaixaBank, Commerzbank, Erste Group, IBM and UBS has successfully completed its first live pilot transaction with…more »

Experts: Digital is changing the banking industry, bank employees to become financial advisors

Banking April 17, 2018 18:05 0 comments

The future of financial services is digital and technology is changing the industry, bank employees being forced to become financial advisors, experts in both IT and financial sector pointed out at Emerging Fintech for the…more »

Revolut, the digital banking alternative, will set up operations in Romania in May

Banking April 17, 2018 13:47 0 comments

Romanian consumers will soon be able to open an app-based current account in three minutes, send free domestic and international money transfers and spend abroad with no fees as fintech giant Revolut announces the launch…more »

money laundering

Romanian banks to report money transfers from abroad over EUR 1,000

Banking April 16, 2018 12:52 0 comments

The Romanian banks will be compelled to report all transfers of funds from a foreign country to Romania if the amount exceeds EUR 1,000, according to a law project proposed by the National Office for…more »


BNP Paribas to buy Raiffeisen’s Polish core operations for EUR 775 mln

Banking April 10, 2018 16:08 0 comments

BNP Paribas SA has agreed to acquire the core banking operations of Polish subsidiary of Raiffeisen Bank International AG for EUR 775 million (USD 953 million), in order to strengthen its subsidiary Bank BGZ BNP…more »

Mugur Isarescu BNR Prima Casa

BNR keeps the policy rate at 2.25 percent. Expectations were divided

Banking April 04, 2018 13:11 0 comments

The Board of the National Bank of Romania decided today to keep the monetary policy rate at 2.25 percent per annum, after analysts expected a lift of the benchmark interest rate today to 2.5 percent.…more »