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McKinsey: Banks Become Leading Industry In Romania
Banks-Insurance

McKinsey: Banks Become Leading Industry In Romania

Banks have seen the highest growth in customer satisfaction scores this year and have become the leader in terms of customer satisfaction and experience in Romania, outranking grocery retail...

Ecaterina Craciun · 29.09.2022 · 20:36 · 2 min
Isarescu Says Banks Crossed The Line And Took ROBOR Index Way Above The Key Rate
Macroeconomics

Isarescu Says Banks Crossed The Line And Took ROBOR Index Way Above The Key Rate

Banks have crossed the line and taken the ROBOR index way above the central bank’s policy interest rate, Romania’s central bank governor Mugur Isarescu said Tuesday at a press briefing on th...

Ecaterina Craciun · 09.08.2022 · 17:08 · 2 min
Romania Banking System Hits Record Profit Of RON8B In 2021 Despite Pandemic
Banks-Insurance

Romania Banking System Hits Record Profit Of RON8B In 2021 Despite Pandemic

Romanian banking system profit for the entire 2021 may climb to a record high of around RON8 billion or even more, despite the pandemic, given that gains topped RON7.5 billion after the firs...

Claudia Medrega · 04.02.2022 · 09:53 · 1 min
Most Profitable Large Banks in Romania in Jan-Sept 2021: Top 3 Banks Hit RON3.5B Cumulated Profit
Banks-Insurance

Most Profitable Large Banks in Romania in Jan-Sept 2021: Top 3 Banks Hit RON3.5B Cumulated Profit

Most large banks reported rising profits in the first nine months of 2021 compared with the same period of 2020 amid the waning fallout of the coronavirus crisis and the declining risk charg...

Claudia Medrega · 01.12.2021 · 10:19 · 1 min
Banks In Romania Granted RON388B New Loans To Households And Companies In Last Five Years
Banks-Insurance

Banks In Romania Granted RON388B New Loans To Households And Companies In Last Five Years

Banks in Romania granted new loans to households and companies in the amount of RON388 billion between 2016 and 2020, higher by 37.5% than RON282 billion at the end of 2020, per an analysis...

Ecaterina Craciun · 29.07.2021 · 18:05 · 1 min
Kearney: Retail Banks Seen Returning to Pre-Covid Performance in 3-5 Years
Banks-Insurance

Kearney: Retail Banks Seen Returning to Pre-Covid Performance in 3-5 Years

European retail banks will return to their pre-COVID performance within three to five years and profitability will remain under pressure for the next two years, global consultancy company Ke...

Oana Gavrila · 10.05.2021 · 17:49 · 2 min
Romania Banking System Posts Some RON4.5B Net Profit In Jan-Sept 2020, Down Over 10% Vs 2019
Banks-Insurance

Romania Banking System Posts Some RON4.5B Net Profit In Jan-Sept 2020, Down Over 10% Vs 2019

Romania’s banking system, 34 lenders in all, registered a net profit of nearly RON4.5 billion in January-September 2020, down over 10% compared with 2019, central bank preliminary data show.

Ecaterina Craciun · 31.12.2020 · 10:13 · 2 min
Banks In Romania Grant New Loans Worth Over RON23.1B In March-June 2020
Banks-Insurance

Banks In Romania Grant New Loans Worth Over RON23.1B In March-June 2020

Banks in Romania granted new loans to households and companies worth over RON23.1 billion in March-June 2020, the first four months since the coronavirus outbreak, with the volume of new loa...

Ecaterina Craciun · 05.08.2020 · 12:30 · 1 min
Central Bank, Financial Watchdog May Request Listed Banks To Put Off Dividend Distribution or Share Buyback Until Jan 1, 2021
Banks-Insurance

Central Bank, Financial Watchdog May Request Listed Banks To Put Off Dividend Distribution or Share Buyback Until Jan 1, 2021

Romania’s National Committee for Macroprudential Oversight (CNSM) recommends the country’s central bank BNR and the Financial Supervisory Authority (ASF) to request financial institutions un...

Ecaterina Craciun · 20.07.2020 · 10:35 · 2 min