banks

In a first move, banks in Romania have launched today an awareness-raising campaign #DreptulLaBanking (RightToBanking), aiming to improve the dialogue with the general public about the banks’ role as facilitators of growth and prosperity…

The Government will revise part of the GEO 114 provisions, which caused significant shocks in a few sectors, such as the private pensions or banking system. Finance minister Florin Citu said on Friday that the capital requirements…

International Investment Bank (IIB) recently attracted a new round of financing on the Romanian capital market, for the fifth consecutive year. The bonds, with a 3yrs maturity and a fixed interest rate of 3.98% p.a. payable annually,…

Romanian Visa cardholders will be the first in Europe to benefit from a new solution piloted by Visa for financial institutions and merchants, which allows their customers to pay their purchases in installments, in stores or online, with a…

According to a survey conducted by Deloitte Legal in Romania, Bulgaria, Croatia, the Czech Republic, Hungary, Lithuania, Poland and Slovakia, the largest number of controls and fines for possible violations of the GDPR provisions has been…

The new ROBOR index, based on transactions, could also be applied to ongoing contracts, as the Senate Economic, Industries and Services Committee voted on Tuesday an amendment to GEO 19/2019 amending GEO 114/2018 on the establishment of…

Neticle media monitoring company checked what internet users say about the banking services on online platforms. Based on the online mentions of the top 5 Romanian banks, there are areas which need improvement. What service items banking…

After Finance minister had said four days ago that the Government will the Emergency Ordinance 114 through a new emergency ordinance and one of the main changes will be the setting of ROBOR according to interbank and daily transactions in…

Darius Valcov, economic adviser to Prime Minister Viorica Dancila, claims the banks do not intend to give up their operations in Romania, although their profit will not be three times the EU average, but it will still be by 20-30% higher,…

Romania’s central bank has a vital role to play in using its independence to protect the domestic economy from uncertainty created by the government’s unorthodox new bank tax, says Scope Ratings. The Social Democrat government’s new levy…