ARB
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CEC Bank CEO Bogdan Neacsu Gets New Term At The Helm Of Romanian Association Of Banks
Bogdan Neacsu, the chief executive officer of CEC Bank, the third largest lender in Romania by assets, has got his second term as chairman of the Romanian Association of Banks (ARB), after having been elected to the position in May 2021.
ARB: Banks Granted Over RON410B New Loans Between Jan 2020 And Aug 2023 Or 29% of 2022 GDP
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Ro...
New Loans To Consumers And Companies Up Almost 8% To RON30.5B In Q1
New loans granted by banks in Romania to consumers and companies stood at RON30.5 billion in the first quarter of 2023, an increase of more than 7.77% on the RON28.3 billion in the year-ago...
New Loans Grow 32% in Romania in January-April
New loans granted by banks in Romania grew 32% in annual terms in the first four months of the year, to RON34 billion, data from the Romanian banking Association showed Tuesday.
ARB: Banks In Romania Donated Over RON23.5M To Hospitals Since Start Of COVID-19 Pandemic
Banks on the local market have donated over RON23.5 million for purchases of medical equipment and devices for over 220 hospitals from the start of the COVID-19 pandemic until present, accor...
ARB: Value Of Credit Card Transactions In Romania Doubles In Last Four Years, Reaching RON4B In 2019
The value of credit card payment transactions in Romania has doubled over the last four years, reaching RON4 billion in 2019, and the number of transactions followed the same trend, reaching...
ARB: Mortgage Lending Seen Up, Consumer Lending Down In 2017
This year, mortgage lending will increase, consumer lending will fall, and the banks will focus on granting loans to companies, according to the representatives of the Romanian Banking Assoc...
ARB: New Regulations To Excessively Boost Lenders’ Costs
The new bills related to the banking system, such as the individual insolvency bill, the debt discharge law or the loan conversion bill, are driving lenders’ costs “beyond affordability leve...
ARB: Banks In Romania Operate At Lowest Profit Margins In The Region, On Mortgage Lending Segment
Banks in Romania operate, on the mortgage lending segment, at a net profit margin of 2.26%, the lowest level in the region, said Sergiu Oprescu, president of Romanian Banking Association (AR...