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Tag Archives: banking

BCR net profit fell by 36 pct to EUR 146 mln in 2017

Banking February 28, 2018 17:05 0 comments

The net profit of BCR, the biggest lender in Romania controlled by Austrian Erste, fell by 36 percent to RON 668.1 million (EUR 146 million) in 2017, mainly due to base effect. In 2016, the…more »

bogdan belciu

Bogdan Belciu, PWC Romania: The banking sector generated RON 20.6 bln to the state budget in 2012-2016

Banking January 17, 2018 10:45 0 comments

According to Bogdan Belciu, Management Consulting partner at PWC Romania, the banking sector generated a total of RON 20.676 billion towards the state budget between 2012 and 2016 in the form of taxes and contributions,…more »

bcr cashless branch

 BCR turns 28 more branches across the country into cashless units

Banking January 04, 2018 11:48 0 comments

The upgrade process of the BCR network is entering a new phase in January 2018, with 28 of the bank’s branches in Romania having become cashless from the first working day of the new year.…more »

Raiffeisen Bank

Raiffeisen Bank to drop trading intermediation of shares, bonds on local stock exchange starting 2018

Finance December 12, 2017 16:46 0 comments

Starting 2018, Raiffeisen Bank will stop offering trading services for shares, bonds and other financial instruments intermediated on the stock exchange for itself or its customers, according to a company statement. The accounts of customers…more »

contactless transactions

Contactless payments by Visa cards doubled in less than one year in Romania

News December 14, 2016 15:07 0 comments

Contactless payments by Visa cards doubled in less than one year in Romania, from 10 percent at the beginning of the year to 20 percent in the third quarter. Over half of Visa payments made…more »

mobile banking usage

BCR study: 57 pct of Romanian teenagers are clients of a bank and 40 pct make online payments

Banking October 06, 2016 14:13 0 comments

The BCR study "Young people’s perception about the banking system from Romania” shows that 57 percent of teenagers are clients of a bank, with this figure going up to 92 percent for the 20-25 years…more »

"ing bank"

ING revises Romania’s 2016-17 inflation forecasts to -0.8pct/+2.1pct

News July 04, 2016 11:52 0 comments

ING has revised its inflation forecasts for Romania from 0.0pct/+2.7pct to -0.8pct/+2.1pct. The factors the analysts took into account are ING's downward revision of the oil forecast for end-2017 from US$65/bbl to US$45/bbl, the regulated…more »

"bnr palace"

Debt discharge law could trigger increase of non-performing loans rate, BNR official argues

Banking June 15, 2016 14:48 0 comments

The debt discharge law compels banks to calculate additional capital and can lead to the increase of the non-performing loans (NPL) rate, First Deputy of the National Bank of Romania (BNR) Florin Georgescu argues. According…more »

M&A activities

M&A in global financial services will intensify, says EY

News June 29, 2015 13:15 0 comments

Trading activity is expected to intensify in global financial services, as 46 percent of the executives of these companies intend to carry out mergers and acquisitions (M&A) over the next 12 months, shows the Ernst…more »

The Year in Review: Banking, Finance and Insurance

Banking December 23, 2014 10:44 0 comments

Announcements of two acquisitions are reshaping the local banking sector, while the EBRD’s acquisition of an equity stake in the Bucharest Stock Exchange is giving new impetus to the development of the local capital markets.…more »