BANK
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Foreign Shareholders Operated Over RON740M Capital Inflows In Financial Sector In 2019
Foreign investors with operations in the financial industry in Romania contributed almost 744 milion lei (almost EUR160 million) to the capital of their subsidiaries in 2019, less than they...
Almost 400 Bank Branches Closed and 2,340 Employees Left by End of September 2019
The restructuring of the banking system’s territorial network and number of employees continued in the first nine months of this year. The number of branches fell by 397 and the number of em...
Romania Has 9 Systemically Important Banks
The nine systemically important banks in Romania are Banca Transilvania, BRD-SocGen, UniCredit Bank, Raiffeisen Bank, CEC Bank, Alpha Bank Romania, Garanti Bank Romania and OTP Bank Romania....
ZF Bankers Summit’19: What the Bank of The Future Will Look Like in Romania
The bank of the future will probably be a mix of traditional and digital, the face-to-face interaction of bankers with customers will go hand in hand with artificial intelligence. Competitio...
Romanian Households Remain Net Creditor of Banking System in Q1, 2019
Romanians remained net creditors of the banking system (in lei and foreign currency) in the first quarter of 2019, and the upward trend continues, as the total lending went up moderately and...
BRD-SocGen, Banca Transilvania and BCR Most Profitable Banks in Romania in 2018
The profit of the three most profitable banks – BRD, Banca Transilvania and BCR taken together, which are also the largest local banks by assets, accounted for almost 60% of the entire syste...
CEC Bank Official: Adjustment of Interest Spread to Boost Financial Intermediation
A middle ground must be found when it comes to the interest spreads of the banks on the local market, so as to pursue not only profit but also an increase in financial intermediation, says B...
Romania’s Banking System Profit Hits Record High of Over RON7B in 2018
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an outstanding profit last year, more than 7 billion lei (EUR1.5 bill...
Investors in Bank Stocks Gain 20% in Bucharest Stock Exchange’s Best Week Since 2010
Banca Transilvania, and BRD, the most traded stocks on the Bucharest Stock Exchange, gained up to 20% last week, as more and more investors expect the tax on bank assets to be dropped.