BANKS
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Three Quarters Of Banks In Romania Ended First Half Of 2016 In The Black
Most banks in Romania, namely, three quarters of the total number of credit institutions, reported profit in the first half of 2016.
CEC Bank And BT Selected As Partners In Implementing Program For SMEs And Startup Firms
Romanian lenders CEC Bank and Banca Transilvania were selected by the Economy Ministry as partners in implementing the program aimed at stimulating the setting up and development of micro-en...
BNR: Bank Payment Refusals Reach Nine-Year Low
Romanian lenders refused to pay promissory notes, checks and notes of exchange worth 234 million lei (EUR53 million) in June 2016, which is lower by more than 50% compared with May, accordin...
NPL Ratio In Romanian Banking System May Soon Fall Below 10%
Non-performing loans (NPLs) totaled EUR1 trillion in the eurozone, or 9,2% of the gross domestic product, while in Romania, NPLs totaled EUR10 billion, or 6,7% of the GDP, in 2014.
Local Currency Lending Grew 50% on Year in January-May
Banks gave local currency loans totaling RON12 billion to individuals in January-May, 50% higher than in the same period last year, due to lower interests on loans in lei.
Central Bank Asks Lenders To Cut NPL Ratio Below 10% In 2016
The National Bank of Romania asked each local lender to cut the non-performing loan ratio to less than 10% this year, Horia Manda, managing partner Axxess Capital, told ZF Bankers Summit’16,...
Banks Granted 5,000 Mortgage Loans Of RON1.3B In May 2016
Banks sold Romanian currency-denominated mortgage loans of RON1.3 billion in May 2016, compared with RON0.8 billion in the year-earlier period, which translates into 5,000 loans at an averag...
Banks Should Quickly Adopt Modern Technology To Cope With Financial Startups
Banks should take quick steps to adopt modern technology as a new wave of small players, combining technology with financial services, is starting to attack the business of traditional finan...
Fitch: Law On Debt Discharge Threatens Romanian Banks Recovery
The proposed law on debt discharge, allowing retail mortgage borrowers to return real estate collateral to banks in exchange for writing off their loans, could disrupt the Romanian banking s...