BANKS
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Romanian Banking Sector Shed 380 Units, 585 Employees in the Past Year
The Romanian banking system closed 380 units and agencies and 585 employees have left the system by the end of the first quarter of 2020 compared with the same period last year.
Mortgage Lending in Romania Declines 12% on Month in April
New mortgage loans in Romania reached RON1.1 billion in April, 12% lower compared with March, as the country was in lockdown due to the coronavirus pandemic and banking activities unfolded m...
Fitch Ratings Takes Rating Actions On Romanian Banks On Covid-19 Impact
International credit rating agency Fitch Ratings has taken rating actions on five Romanian banks in light of the coronavirus outbreak in Europe, including downgrading UniCredit Bank S.A. (UC...
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...
Antitrust Body Looks into BCR, BRD, Raiffeisen Split Ownership of CIT ONE
Romania's antitrust body said Tuesday it was analyzing the deal whereby BRD Groupe Societe Generale, Raiffeisen Bank Romania and BCR split the ownership of CIT ONE, one of the largest local...
Central Bank Recommends Banks Should Not Distribute Dividends in 2020
Romania's central bank recommends commercial banks operating in Romania not to distribute dividends this year from their 2019 earnings, central bank board member Cristian Popa said Wednesday...
Banks Say General Moratorium on Loan Repayments Hurt Economic Recovery
Romanian banking associations representing all banks active on the Romanian market said Monday allowing all customers to postpone bank loan repayments for up to nine months could lead to an...
Banks Call for Amended Regulations to Postpone Loan Payments
Commercial banks have asked the Romanian central bank to amend the regulation framework to allow postponing loan payments in various situation arising from the coronavirus crisis, such as is...
BCR, BRD, Raiffeisen Bank Take Over CIT ONE
Lenders Banca Comerciala Romana (BCR), BRD Groupe Société Générale and Raiffeisen Bank Romania have signed a deal to split ownership of CIT ONE, one of the largest local integrated services...