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Banking

Analysis. Raiffeisen Bank kicks off massive digitalization strategy

Banking November 13, 2017 10:37 0 comments BR Exclusive

Raiffeisen Bank is accelerating its digital transformation and will launch a new version of its banking platform next year, as part of a strategy that runs through to 2020. Bringing people from all departments and…more »

Banca Transilvania aims to invest in Moldovan bank Victoriabank

Banking November 08, 2017 11:31 0 comments

Banca Transilvania aims to invest in Moldovan bank Victoriabank, obtaining an initial stake of over 39 percent in its social capital. It’s the first time in the last years when a bank outside Moldova shows…more »

BNR maintains monetary policy rate at 1.75 pct per annum

Banking November 07, 2017 15:53 0 comments

The Administration Council of National Bank of Romania (BNR) decided this Tuesday the maintenance of monetary policy rate at 1.75 pct per annum, according to a release of the institution. „Starting  November 8, the deposit…more »

BCR net profit falls in half to EUR 123 mln on nine months

Banking November 03, 2017 14:34 0 comments

The net profit of BCR, the biggest lender in Romania controlled by Austrian Erste, fell by 51 percent to RON 559.8 million (EUR 123 million) in the first nine months of the year compared to…more »

BRD net profit gains 76 pct to RON 1 bln in the first 9 months of 2017

Banking November 03, 2017 12:30 0 comments

BRD Groupe Societe Generale Romania recorded a net profit of RON 1.066 billion in the first nine months of this years, growing by 76 percent year-on-year. “The growth of 6.8 percent of the interest revenues…more »

BNR’s foreign reserves up by 1.8 pct to EUR 33.9 bln in October

Banking November 01, 2017 16:24 0 comments

The foreign reserves of National Bank of Romania (BNR) climbed by 1.8 percent in October to EUR 33.9 billion, compared with the previous month, according to a release of the institution. During this month were…more »

non-government loans

Romania’s non-governmental loans balance up by 1.4 pct in September

Banking October 25, 2017 12:31 0 comments

According to the National Bank of Romania (BNR), the non-governmental loans balance grew by 1.4 percent in September compared to the previous month, reaching RON 232.7 billion. The RON loans increased by 1.9 percent while…more »

ANPC fines 15 banks with over RON 500,000 for incorrect commercial practices in advertising

Banking October 23, 2017 13:09 0 comments

Authority for Consumer’ Protection (ANPC) fined 15 banks with over RON 500,000 for incorrect commercial practices in advertising activities, requesting them at the same time to stop the practices, to correct the already closed contracts,…more »

SMEs technology

Romania’s top five banks to test instant payments systems from 2018

Banking October 20, 2017 10:47 0 comments

The five major banks in Romania will start testing the instant payments system from February 2018, Bogdan Nastase, project manager Transfond announced. Moreover, by the end of 2018  other six banks could offer the service…more »

"bank"

Key move. BNR appoints Arion Negrila as vice-president of risk at BCR Banca pentru Locuinte

Banking October 18, 2017 10:13 0 comments

The National Bank of Romania (BNR) approves the appointment of Arion Negrila as vice-president of risk at BCR Banca pentru Locuinte, said this Wednesday Banca Comerciala Romana (BCR). Previously, Negrila served as senior executive director…more »