Banking - Business Review


EximBank finances the hemp seeds producer Canah International with RON 1 mln

Banking July 24, 2017 16:27 0 comments

State bank EximBank finances the hemp seeds producer Canah International with RON 1 million to support the company’s investments, said the bank this Monday. “We want to continue to grow, to diversify our products range…more »

Key move. Intesa Sanpaolo Bank Romania appoints new president and vice president of the Administration Council

Banking July 24, 2017 13:37 0 comments

Intesa Sanpaolo Bank Romania appoints Ezio Salvai as new president and Giampiero Trevisan as vice president of its Administration Council. Salvai will replace Giovanni Battista Ravasio. Salvai (photo) was general director and member of the…more »

otp bank

Reuters: OTP to acquire Banca Romaneasca from National Bank of Greece

Banking July 21, 2017 15:27 0 comments

Hungarian banking group OTP reached a deal to acquire the Romanian subsidiary of National Bank of Greece (NBG), Banca Romaneasca, reported Reuters, citing sources close to the deal. This month, Leonidas Fragiadakis, the general director…more »

Online payments up by 61 pct in PayU system during April 2016-March 2017

Banking July 18, 2017 16:27 0 comments

PayU Romania, the online player operator, processed during April 2016-March 2017 period online transactions of over RON 1.9 billion, compared with the same period of the former fiscal year. „The former financial year the online…more »

Christos Megalou (Piraeus Bank): We are selling the subsidiaries from Romania, Bulgaria and Serbia

Banking July 17, 2017 16:20 0 comments

 The new general director Piraeus Bank, Christos Megalou, said in an interview to Bloomberg that the lender will be selling its subsidiaries in Romania, Bulgaria and Serbia. Piraeus Bank presented recently the strategic plan "Agenda…more »

UniCredit Bank aims to get at least RON 500 mln in fresh bond sale

Banking July 17, 2017 15:53 0 comments

UniCredit Bank launches this Monday its first bonds issue from 2017 at Bucharest Stock Exchange (BVB), aiming to raise at least RON 500 million. The bonds have a maturity of 3.5 and 7 years and…more »

Mastercard Study – Comfort, the biggest advantage of digital banking solutions

Banking July 13, 2017 15:11 0 comments

Six in ten consumers think the digitalisation of banking industry makes their lives easier and safer, pointing to comfort as the best advantage of digital banking solutions, followed by time saving (70 percent) and the…more »

BNR: Corrective fiscal measures might be adopted to maintain budget deficit target to 3 pct of GDP

Banking July 11, 2017 11:13 0 comments

The set of the measures that will probably bring the implementation of unitary salary law will reduce its expansionist effects and it will be possible the adoption of corrective fiscal measures in order to maintain…more »

Patria Bank increases its social capital by 71 pct due to merger with Carpatica

Banking July 06, 2017 16:51 0 comments

Former commercial bank Carpatica, Patria Bank, increased its social capital by 71 percent due to the merger with Carpatica to RON 376.2 million, but it will reduce its capital close to the initial level, according…more »

Bancpost inks RON 20 mln loan guarantee deal with EximBank

Banking July 05, 2017 09:28 0 comments

Bancpost and EximBank have concluded a new partnership to support local entrepreneurship, allowing companies an easier access to financing instruments for their current activity, as well as the achievement of investment projects. By signing the…more »