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BNR has sanctioned two banks in the first eight months: Patria Bank – written warning and Bancpost – fined

Non-government loans increased by 3 pc last year, BNR data show

The National Bank of Romania (BNR) sanctioned two banks in the first eight months: Patria Bank (by written warning) and Bancpost (fined RON 25,000), after having applied 55 sanctions last year and 14 other sanctions in 2015. Patria Bank is ...

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BNR’s forex reserves, up by almost 1 pc in August

BNR’s forex reserves, up by almost 1 pc in August

The National Bank of Romania (BNR)’s foreign exchange reserves stood at EUR 34,955 million at end-August, up by 0.92 percent compared to EUR 34,636 million month-on-month, as a press release informs. During the month, EUR 1,569 million inflows have taken ...

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PM Tudose denies new tax for banks is in store. Surprise visit at Tarom

PM Tudose denies new tax for banks is in store. Surprise visit at Tarom

Prime Minister Mihai Tudose denied on Thursday that a new tax is in store for the bank operating in Romania. “Not at all!” Tudose replied when asked by Bloomberg about this option. One day earlier PNL Senator Florin Citu said ...

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BNP Paribas to open branch in Romania next year

BNP Paribas to open branch in Romania next year

The largest bank in France and the second in the European Union, after HSBC, BNP Paribas will open a branch in Romania by the end of the first quarter next year. The steps have already begun, according to Economica.net. The ...

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NPL ratio fell to 8.32 pc in June

NPL ratio fell to 8.32 pc in June

The rate of non-performing loans (NPL) declined by 0.72 percentage points to 8.32 percent in June compared to the previous month, according to data published by the National Bank of Romania (BNR). Compared to May 2016, it fell by 2.98 ...

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’The Landmark’ office project, under Colliers International management

’The Landmark’ office project, under Colliers International management

The real estate consultancy company Colliers International was assigned by Piraeus Bank to offer property management services for ’The Landmark’ office project, located in Bucharest central area. According to a press release, with this new project, the Colliers International team ...

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Garanti Bank, increasing Bonus Card transactions volumes in the past 10 years

Garanti Bank, increasing Bonus Card transactions volumes in the past 10 years

Garanti Bank has registered increasing volumes of Bonus Card transactions, year on year, since the launch of Bonus Card in Romania 10 years ago, a press release informs. As such, the transactions volume with Bonus Card exceeded RON 440 million ...

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