banks

Romanian Bks Want Insolvency Rules Amending

19:46, 29 Apr. 2009
Romanian banks want the amending of the insolvency legislation in order to limit the cases in which a creditor could ask for the insolvency of a company for debt non-payment, as the lenders are forced to book provisions or even start the debtor's foreclosure.

Romanian Ctrl Bk Draws RON524M From Interbank Market In Reverse Repos

13:06, 01 Apr. 2009
Romania’s central bank drained Wednesday the excess liquidity on the inter-bank market, by attracting 524 million lei (EUR1=RON4.2348) in 5-day reverse repo operations, at an interest rate of 10% on the year, banking dealers said.

Fitch: Romanian Banks Face Pressure On Exchange Rate

19:54, 30 Mart. 2009
The ongoing global financial crisis has exposed Romanian banks to increased risks, through mounting pressure on the exchange rate in an operating environment dominated by foreign banks, Fitch Ratings said in a special report Monday.

Foreign Bks To Continue Financing Romanian Branches – IMF

10:16, 27 Mart. 2009
The International Monetary Fund obtained the written agreement of all the nine parent-banks of the main Romanian lenders present at discussions in Vienna Thursday, who committed not to withdraw their capital and to continue to finance Romanian economy.

IMF To Ask Main Bks Operating In Romania To Keep Funds In The Country

11:42, 25 Mart. 2009
The International Monetary Fund mission to Bucharest will meet Thursday in Vienna the main foreign banks operating in Romania, to ask them to keep funds in the country and for a capital "buffer."

Austrian Bks To Continue Financing Romanian Units – Austrian President

14:57, 23 Mart. 2009
Austrian President Heinz Fischer stated Monday, after meeting Romanian President Traian Basescu, that the credit lines for the Romanian units of Austrian banks will continue, adding that "there would be certain problems that need to be discussed."

Bucharest Bks Fined Over Improper Security Services

13:59, 19 Mart. 2009
Bucharest police announced Thursday they have fined 22 bank offices and headquarters for failure to ensure proper security services against potential break-ins.

Two Arrested In Internet Fraud Case In W Romania

10:33, 12 Mart. 2009
Two of the IT crime suspects heard Wednesday in Timisoara, western Romania, were placed under preventive arrest late Wednesday for allegedly having cloned websites of banks causing damages of EUR350,000.

Romania’s Banks Should Be More Flexible With Cos’ Installments

14:59, 17 Feb. 2009
Romania’s banks should be more indulgent with companies on the payment of their loan installments, Constantin Nita, the Minister of SMEs, Commerce and Business Environment, adding that the local banking system is not flexible with the current market.

Romanian Govt Wants Parent Bks To Continue Funding – PM

13:24, 16 Feb. 2009
The Romanian Government wants the foreign banks operating in Romania to continue to get financing lines from parent companies and does not plan to take over stakes in exchange for support measures, following certain EU states model, Prime Minister Emil Boc said Monday.

Romania, And Others, Could Bankrupt Austria

21:01, 15 Feb. 2009
Eastern European states, including Romania, could bankrupt Austria, since Austrian banks cannot support the losses registered by branches in the region on their own, and the state will be forced to intervene, according to Austrian magazine Profil.

Romania Targets Leu Exchange Rate Stability – Ctrl Bker

13:41, 09 Feb. 2009
A stable exchange rate of the Romanian leu and its correlation with macroeconomic indicators would be in the Romanian Government, economy and banks' best interest, central bank governor Mugur Isarescu said Monday.

Romanian Bks’ Parent Cos Are Required To Support The Economy – Pres

18:32, 03 Feb. 2009
Romanian President Traian Basescu said Tuesday that parent banks of Romanian lenders are required to ensure the needed funds for financing Romanian economy.

Romanian Bks To Have New Lending Rules In Less Than A Week – Bks Assoc Head

18:16, 15 Ian. 2009
Romanian banks will have new lending rules in less than a week and will ask for a minimum advance paid of 20%-25% at mortgage lending, the president of the Romanian Banks Association, Radu Ghetea, said Thursday.

Ctrl Bk To Also Approve Romanian Bks 2nd Tier Management

18:44, 02 Dec. 2008
Banks' second tier managers, such as treasury and arbitrage heads or risk managers, will also be approved by the National Bank of Romania, or BNR, like the executive management and administrators of the credit institutions.

Banks Refuse To Give Credits On Lack Of Long-Term Funds – Romanian Ctrl Bker

13:32, 28 Nov. 2008
Romanian banks have lots of requests, but they don’t want to grant loans, due to lack of long-term financing, although they argue the new household lending rules limit their activity, the central bank's Supervision Department director Nicolae Cinteza said Friday.

Ctrl Bker: Effects Of New Lending Rules To Be Analyzed Three Mos After Adoption

17:22, 18 Nov. 2008
The National Bank of Romania told the commercial banks that the effects of the new household lending regulations will be analyzed three months after their adoption, Adrian Vasilescu, adviser of the central bank's governor, said Tuesday.

Ctrl Bker: Some Romanian Bks Pay 10% For Deposits, But Ask 35% For Loans

13:59, 18 Nov. 2008
The Romanian national authority for consumers’ protection, or ANPC, should take notice on banks that pay interest rates of about 10% of the deposits, but increased the loan interest rates to near 35%, Adrian Vasilescu, adviser of the central bank's governor, said Tuesday.

Romanian Bks Want Softer Lending Rules To Unblock Mortgage Loans

12:45, 18 Nov. 2008
Romanian lenders will request the National Bank of Romania to amend the regulation regarding household lending, as the new rules have blocked mortgage lending, the president of Romanian Banks’ Association, Radu Gratian Ghetea, said Tuesday.

Fitch Says Global Econ Slump To Hit Romanian Banks

19:33, 14 Nov. 2008
Fitch Ratings agency said Friday in a report that the global financial turmoil has increased the risks for Romanian banks, as banks’ funding will shrink, the cost of funding will rise, which would result in slower economic activities, higher impaired lending and lower profitability.

Banks In Romania Either Revive Lending Or Shut Dn – Fincl Analyst

16:32, 13 Nov. 2008
Banks in Romania will have to revive their lending activity in the next period, otherwise they will be forced to sack part of personnel or even shut down, former banker Dragos Cabat, currently a financial adviser in Financial View company, said Thursday.

Fitch Downgrades Five Romanian Banks, Affirms Banca Transilvania

20:12, 10 Nov. 2008
Fitch Ratings has downgraded on Monday five Romanian banks, namely BCR, BRD-GSG, Bancpost, UniCredit Tiriac Bank and Banca Romaneasca and affirmed Banca Transilvania’s rating, following Romania’s sovereign rating downgrade earlier the day, the rating agency announced.

Romanian Bks Should Simplify Lending Procedure For EU Co-funded Projects

16:47, 01 Nov. 2008
Banks in Romania should simplify the lending procedure for the projects co-funded by the European Union, on the backdrop of the economic crisis, as their beneficiaries will encounter problems due to the increase of costs, state secretary with the Economy Ministry Eugen Teodorovici said Saturday.

Romanian Bks To Resume Corporate Lending In 2-3 Weeks – Fiscal Agency Official

13:48, 30 Oct. 2008
Romanian companies face a certain financial blockage, as banks halted lending, Daniel Chitoiu, head of the Romanian fiscal authority ANAF, said Thursday, adding the situation will improve in the following two or three weeks.

Romanian Money Mkt Rates At 17.81%, In Line With Ctrl Bk Norms

13:42, 30 Oct. 2008
Romanian banks have published on Thursday money market rates of 17.8% on the year for all maturities, in line with the central bank’s maximum accepted level for ROBOR rates set on October 23, dealers said.

Romanian Ctrl Bk Warns Won’t Publish Money Mkt Indices, On Bks Misconduct

18:57, 23 Oct. 2008
The National Bank of Romania has requested seven banks to return to normal inter-bank interest rates and said it might temporarily suspend the publication of the inter-bank bid/offer indices ROBID/ROBOR, if ROBOR exceeds by more than 25% the Lombard rate, the central bank said in a statement.

Romania’s Money Mkt Rates Up To More Than 45% On High Demand

13:16, 17 Oct. 2008
Romanian money-market interest rates soared Friday to more than 46% on foreign investors’ high demand for local currency as investors expect the Romanian currency to depreciate in the following period.

Romania To Firmly Oppose Creation Of EU Single Banking Watchdog – President

10:26, 15 Oct. 2008
Romanian President Traian Basescu said Wednesday, before leaving for Brussels to attend the European Council, that Romania will strongly oppose any attempt to create a single European banking watchdog, as the Romanian central bank is supervising the country’s banking system.

Romanian Bks To Keep Fees Unchanged Until Contract Termination – Draft Act

16:34, 13 Oct. 2008
The Romanian consumer protection authority ANPC on Monday said it drew up a draft emergency Ordinance aimed to protect bank clients by compelling lenders to keep fees unchanged for the entire period of the contracts.

Romanian Bks Unaffected By Intl Crisis, On Careful Supervision – Official

14:04, 09 Oct. 2008
All Romanian banks are carefully supervised, and they face no problems, Petru Rares, president and general manager of Romanian Banking Institute IBR, said Thursday in a press conference, speaking about the effects of the international financial crisis.

Romanian Banks Stop Interbank Lending On Market Rumors

19:08, 08 Oct. 2008
The Romanian banks have stopped interbank lending due to market rumors, but the liquidity was ensured from other sources, the head of the National Bank of Romania supervision department Nicolae Cinteza said Wednesday.

All But One Bank Sent New Loan Norms To Romanian Ctrl Bk

15:48, 07 Oct. 2008
All Romanian banks sent to the central bank the new lending norms for natural persons by the deadline on Monday, except for a small bank with a market share below 1%, the central bank representatives said Tuesday.

Romanian Consumers’ Auth Considers Draft Act To Protect Bank Clients

16:33, 01 Iul. 2008
The Romanian authority for consumers’ protection ANPC on Tuesday said it considers a draft law aimed to protect beneficiaries of financial and banking services, after several check-ups at banking institutions revealed irregularities concerning the client-bank relationship.

Banks Expect Higher Lending Restrictions For Cos, Population

14:20, 21 Mai 2008
The banks on the Romanian market expect a tightening of the lending conditions in the following period for companies and population, the head of financial stability department within the central bank Ion Dragulin said on Wednesday.

Romania’s Banking Risk Ctrl Office Registered 882,500 Debtors In 1Q, Up 68% On Yr

15:36, 14 Mai 2008
Romania’s Banking Risk Central Office within the central bank registered 882,582 debtors end-March, up 68.19% compared to March 2007, with total debts reaching 186.2 billion lei (EUR1=RON3.6678), up 63.69% on the year.

Romania 5th In CEE By Commercial Banking Business Environ Rating – Report

15:30, 25 Apr. 2008
Romania ranks fifth in Central and Eastern Europe by commercial banking business environment rating (CBBER), with 58.2 points out of a possible 100, according to a report by Ireland’s Research and Markets.

Most Romanian Banks Closed Apr 28, May 1

12:37, 25 Apr. 2008
Most Romanian banks will be closed on April 28 and May 1 for Easter and Labor Day, except for the units located in shopping centers and hypermarkets, the banks said.

Cut-off In Mother-Bank Funding Could Spell Trouble For Two Romanian Banks – Ctrl Bk Official

12:42, 17 Apr. 2008
A total cut-off in financing lines by mother-banks would spell trouble for two Romanian banks and would have a slight impact on the country’s economic growth, Romania’s central bank deputy governor Cristian Popa said Thursday.

Romania Ranks 5th In EU Based On Retail Banking Price Discrepancy -Report

16:38, 07 Apr. 2008
Romania ranks fifth in the EU-27 bloc based on differences between national banks’ prices, according to the 2008 World Retail Banking Report released by the World Bank, Capgemini, ING and the European Financial Management and Marketing Association (EFMA) on Monday.

Romanian Banks To Apply New Foreign Currency Loan Provisions

19:16, 01 Apr. 2008
All banks in Romania will apply, as of Tuesday, increased provisions for loans granted in foreign currency to clients with income in other currencies, according to the director of the Surveillance Department within the Romanian central bank, Nicolae Cinteza.