banks

The vast majority of banks worldwide should survive in almost all COVID-19 scenarios as the global banking system entered the crisis well-capitalized and is far more resilient than it was 12 years ago, indicates McKinsey & Company…

The Ministry of Public Finance (MFP) attracted RON 1.3bn and EUR 289mn (in a total amount of RON 2.7bn – EUR 555mn), through the second IPO for the sale of government bonds for the population (FIDELIS) carried out this year through the…

Banks in Central and Eastern Europe expect new loan disbursements to rebound in 2021, supported by regulatory measures aiming to sustain the lending activity, after a significant year-on-year decrease in 2020, according to COVID-19 CEE…

Over 30% of Romanian consumers increased their usage of contactless payments, at the expense of cash, according to the findings from the latest “Financial Pulse Survey” conducted by McKinsey & Company. This trend is likely to continue,…

CIX Markets, a UK-based provider of online dealing services to private investors, institutions, banks, and brokerage houses, enters the Romanian market through the establishment of a branch in Bucharest. CIX Markets is a trading name of…

The volume of the new loans granted to the Romanian population and companies based in Romania during the first four moths of 2020, so during the coronavirus pandemic, represents 8.5% of the balance of the non-governmental credit related to…

A new EIB report published today, the CESEE Bank Lending Survey, provides insights into banking group activities and business expectations in Central, Eastern and Southeastern Europe (CESEE). The report analyses portfolios, demand and…

Banks in Romania have donated RON 23.5 million so far in the fight against COVID-19, with contributions being directed to buy medical equipment and devices to support the local healthcare system and the affected patients, according to…

Opinion article by Burcin Atakan, Partner, and Ioana Ungureanu, Manager, Financial Advisory, Deloitte Romania As the new coronavirus continues to spread across the globe, top-down measures are imposed to slow down its effects…

IMM Invest platform, where companies can access guaranteed loans, has been inaugurated on Friday morning by the Finance minister. However, the platform is not working. The general manager of the National Loan Guarantee Fund for SMEs,…