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Bad Loans Bring Romanian Banking System Loss To RON2.1B
Banks-Insurance

Bad Loans Bring Romanian Banking System Loss To RON2.1B

In the past three years banks in Romania have piled up losses of 3.4 billion lei (EUR773 million) as one fifth of loans were not performing.

Neagu Bogdan Mircea · 11.02.2013 · 22:00 · 1 min
Why Romania’s Treasury Doesn’t Borrow From Households
Banks-Insurance

Why Romania’s Treasury Doesn’t Borrow From Households

After four years of crisis marked by several occasions when it was at the banks’ mercy, the Finance Ministry continues to say “no” to gathering funds from the population, which could be a so...

Neagu Bogdan Mircea · 30.01.2013 · 00:00 · 2 min
Euro Remains By Far Romania's Preferred Currency For Mortgage Loans
Banks-Insurance

Euro Remains By Far Romania's Preferred Currency For Mortgage Loans

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei.

Neagu Bogdan Mircea · 04.01.2013 · 00:00 · 2 min
Banks In Romania Must No Longer Require BNR’s Approval For Lending Rules
Banks-Insurance

Banks In Romania Must No Longer Require BNR’s Approval For Lending Rules

Banks in Romania must no longer await the central bank’s approval to apply lending rules, starting this month.

Ecaterina Craciun · 28.12.2012 · 17:45 · 1 min
Romania’s Central Bank Sets Stricter Foreign-Currency Lending Rules
Banks-Insurance

Romania’s Central Bank Sets Stricter Foreign-Currency Lending Rules

Romanian banks will provide corporate loans in foreign currency only after carrying out default risk simulations to take into account a severe depreciation of the leu against the main curren...

Ioana Tudor · 28.12.2012 · 16:06 · 1 min
Fitch: Romania Banks May Show Signs Of Improvement In 2013, Ampler Recovery Unlikely
Banks-Insurance

Fitch: Romania Banks May Show Signs Of Improvement In 2013, Ampler Recovery Unlikely

Romania’s banking system is expected to stabilize next year, after losses registered in 2010, 2011 and the first nine months of the year, but a broader recovery seems unlikely given expectat...

Ioana Tudor · 20.12.2012 · 17:07 · 2 min
Romanian Banks May Book Extra RON3B Provisions For Bad Loans
Banks-Insurance

Romanian Banks May Book Extra RON3B Provisions For Bad Loans

Romanian lenders may have to make additional loan-loss provisions of some 3 billion lei (over EUR600 million) following a reevaluation of their loan guarantees, according to market sources.

Florentina Dragu · 19.12.2012 · 15:14 · 1 min
Romania To Continue “First Home” Program In 2013, Supplements Ceiling By EUR200M
Banks-Insurance

Romania To Continue “First Home” Program In 2013, Supplements Ceiling By EUR200M

The Romanian Government will continue the “First Home” program in 2013, with additional guarantees of EUR200 million that should last by midyear, according to a decision draft published on F...

Manuela Panescu · 14.12.2012 · 16:52 · 1 min
Head Of RBS Romania: 4-5 Universal Banks Will Remain, The Rest Will Be Niche Players
Banks-Insurance

Head Of RBS Romania: 4-5 Universal Banks Will Remain, The Rest Will Be Niche Players

The most often used expression at the Meet the CEO event whose guest was Henk Paardekooper, head of RBS Romania, was “to be rebuilt” and various synonyms thereof – reinventing careers, trans...

Manuela Panescu · 14.12.2012 · 00:00 · 7 min