Banks in Romania to outsource NPL portfolios of EUR 1.6 bn


Domestic banks intend outsourcing some of the bad loans portfolios of EUR1.6 billion for 2017-2018, according to Top Factoring, one of the largest companies of the debt collection market in Romania. Top Factoring specialists say that most of the 12 ...

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Foreign exchange reserves slightly up to EUR 34.3bn


On November 30st 2016, the National Bank of Romania’s foreign exchange reserves stood at EUR 34,387 million, compared to EUR 34,347 million on October 31st 2016, the central bank informs. During the month, the following flows have taken place: EUR ...

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National Bank approves the merger between Banca Comerciala Carpatica and Patria Bank

banca carpatica

The National Bank of Romania (BNR) has issued a preliminary approval on the merger between Banca Comerciala Carpatica and Patria Bank, allowing the start of completing the final formalities of beginning the registration of the new bank and the commencement ...

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Romania to pay EUR 1.26 bn to EU and WB in 2017


Romania has to pay over EUR 1.26 billion in 2017 to the European Union (EU) and the World Bank (WB) as part of the stand-by loan contracted in 2009, according to Ministry of Public Finance (MFP) data sent to agerpres.ro. ...

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Household deposits in domestic currency, up by 10.8 pc at end-October


At end-October 2016, RON-denominated household deposits increased by 0.6 percent to RON 97,654.9 million. At end-October 2016, household deposits in domestic currency rose by 10.8 percent (11.3 percent in real terms) year-on-year, National Bank of Romania (BNR) shows on Thursday. ...

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CEC Bank, RON 14 bn absorption of EU funds in 10 years


In ten years since Romania is an EU member, CEC Bank has contributed to draw RON 14 billion from European funds available to the country, Radu Ghetea, President CEC Bank, said on Wednesday, agerpres.ro informs. In this context, the financial ...

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ANAF has chosen the winners of the contract for online taxes payment


The National Agency for Fiscal Administration (ANAF) has assigned to three banks – Banca Transilvania, BCR and Garanti Bank – the contract on acquisition of accepting online payments of taxes, fees, contributions and other amounts to the general consolidated budget. ...

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