Banca Transilvania has a new brand identity more related to Romania


Banca Transilvania (BT) has a new brand identity, pointing to authentic local features, as a press release informs. This is the second rebranding process in BT’s history, after the one in 2003: the logo has been redesigned, and the color ...

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Government decision: Banks in Romania may not increase commissions, introduce new ones or increase interests


The government has adopted a law under which banks are not allowed to increase commissions, to introduce new fees, levy fees for cash deposits (payment rates) or for withdrawal of amounts, to set new commission for the rescheduling or restructuring ...

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Garanti Leasing Romania got EBRD loan of EUR 10 M for SMEs financing


The European Bank for Reconstruction and Development (EBRD) is supporting Garanti Leasing Romania with a EUR10 million loan to broaden access to finance for local SMEs. According to a press release, Garanti Leasing will use the loan to finance new ...

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Bank relevance degree in Romania is declining, EY study shows


EY’s Bank Relevance Index (BRI) calculated for Romania is 73.4 percent, by almost 2 percent less than the global average of 75.1 percent, a press release informs on Wednesday. “The global banking industry faces new challenges from disruptive bank alternatives, ...

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Romania continues to be an attractive location to invest: FDI, up by almost 19 pc after seven months


Non-residents’ direct investment (FDI) in Romania totalled EUR 2,339 million after the first seven months of the year, of which equity (including estimated net reinvestment of earnings) amounted to EUR 2,060 million and intercompany lending recorded a net value of ...

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Annual incomes of BNR governor almost have doubled in 2010 – 2015

BNR Governor

Following the meeting on August 27, the National Bank of Romania (BNR) Board decided to disclose the salaries of senior executives (governor, first deputy governor, deputy governors). Thus, according to central bank’s press release, the annual net income of BNR ...

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BNR: Debt discharge law makes banks to tighten mortgage lending standards

debt discharge law

Banks have significantly tightened the lending standards for the population in the second quarter of this year for mortgage loans due to debt discharge law. According to a recent survey on lending of non-financial companies and households conducted by the ...

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EBRD gives a boost of EUR 25 M to Romanian aerospace industry

Romanian aerospace industry

The European Bank for Reconstruction and Development (EBRD) is providing a EUR 25 million loan to Universal Alloy Corporation Europe (UACE), which manufactures aluminium parts for aircraft to help Romania’s aerospace industry, a press release informs on Monday. “UACE’s success ...

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Moody’s upgrades BCR’s ratings to ‘positive’ outlook


Moody’s has today changed the outlook to positive from stable on Banca Comerciala Romana (BCR) Ba1 long-term local and foreign-currency deposit ratings. According to a press release, concurrently, the rating agency has affirmed the bank’s long-term Ba1 deposit ratings and ...

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