Number of debtors to banks and NBFIs is increasing


There are increasingly more debtors to banks and NBFIs lately. Thus, according to National Bank of Romania (BNR) data, the number of individuals registered to the Credit Bureau, with arrears exceeding 30 days at banks and NFIs increased to 713,921 ...

Read More »

BNR Governor Isarescu: The banks’ strength has not been put in doubt lately


“The totally unfortunate gesture to throw money, national currency coins, on the central bank’s steps last week equates to defiling the national flag or whistling when the national anthem is sung. I do not know what the organizers were thinking ...

Read More »

ING Romania gross profit, up by 22 pc last year

ING Romania

ING Romania ended 2015 with a gross profit of RON 392 million, up 22 percent compared to the same period last year, and a net profit of RON 333 million, according to the latest financial data released on Wednesday. Total ...

Read More »

Romania’s foreign exchange reserves, still on a downward slope


At end-February 2016, the National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 30,825 million, compared to EUR 31,679 million on January 31st 2016. Foreign exchange reserves in the first month of the current year recorded also a decline, compared ...

Read More »

Senate OKs draft law on debt discharge


Senators adopted Monday by unanimity the draft law on debt discharge with the amendment which includes the ‘First House’ program. As adopted, the law is only applicable to borrowers with loans of up to EUR 150,000, intended for dwelling. The ...

Read More »

Cristian Popa, appointed as new EIB Vice-President

cristian popa

Cristian Popa has been appointed Vice-President and member of the Management Committee of the European Investment Bank (EIB) by the Bank’s Board of Governors, consisting of the 28 European Union Finance Ministers, a bank release informs. A Romanian citizen and ...

Read More »

From huge losses to a sustained performance: Romania’s largest bank returns on profit in 2015


Banca Comerciala Romana (BCR) ended 2015 with net profit of RON 918.9 million (EUR 206.8 million), supported by good operating performance and risk provision release due to higher recoveries on the basis of improved workout capabilities and macroeconomic environment, a ...

Read More »

Increasing consumption leads Romania’s central bank to tighten monetary policy


Surging consumer demand has propelled economic growth to among the European Union’s fastest and may completely offset the deflationary effect of the government’s latest round of tax cuts. In this context, BNR’s Governor Mugur Isarescu sees monetary policy being tightened ...

Read More »