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Georgescu, BNR: Digital Transformations Can Boost Banks’ Revenue By Up To 30%
Digital transformations can boost the revenues of a traditional bank by up to 30% and cut costs by 20-25%, central bank deputy governor Florin Georgescu told a conference on digitalization i...
National Bank Of Romania Is Resolution Authority For The Banking Sector
The National Bank of Romania will be the resolution authority for the banking sector and will intervene for banks in difficult situations via tools like the bridge-institution, the sale of t...
Romania’s Central Bank Stays In The Black
Romania’s central bank (BNR) posted 500 million lei (about EUR110 million) net income last year, according to the estimates based on the amount of money it transferred to the budget, while c...
Bank Of Beirut Tries To Persuade BNR To Approve Takeover Of Marfin Bank Romania
Bank of Beirut, the sixth leading bank in Lebanon, is trying to persuade Romania’s central bank (BNR) to approve its takeover of Marfin Bank Romania, banking sources say.
Isarescu: Romania Faces Internal Risks, Due To Electoral Year, But They Are Unlikely To Materialize
Central bank governor Mugur Isarescu on Friday said Romania is marred by internal uncertainties regarding the fiscal and salary policy, as well as structural reforms, considering that 2016 i...
Most Analysts Expect Romania’s Central Bank To Keep Key Rate Unchanged In 2016
Most analysts expect Romania’s central bank (BNR) to keep the key rate at the all-time low of 1.75% this year, but signs of economy overheating and inflation returning to positive territory...
Romania Private Lending Up 1.9% In November, To RON218.5B
Romanian private lending rose 1.9% in November compared with October, to RON218.5 billion, central bank data showed Monday.
Olteanu, BNR: Banks Should Find Solutions Together With Clients To Avoid Law On Giving In Payment
Banks should find solutions together with their clients who face loan payment issues, not only on a declarative level, as their rigidity triggered a legislative intervention through the draf...
Erste: BNR May Cut Mandatory Reserves On RON Liabilities In 2016 Due To Higher Govt Funding Needs
Romania’s central bank may choose to lower the mandatory reserves on RON liabilities in 2016 because the liquidity in the money market might dry up in early next year due to higher governmen...