• 18 Mar 2014

  Insurance market stagnated in 2013 while GDP chare dropped to 1.3%

  The insurance market reached 8.29 billion lei in 2013, 0.4% more than the previous year, while its share in GDP dropped to 1.31%, from 1.4% in 2012, according to provisional data of the Financial Supervision Authority.

• 25 Feb 2014

  The Romanian Leasing Market as of December 31, 2013

  As of December 31, 2013, the Romanian financial leasing market registered a new financed volume amounting at 1 243 million Euros, i.e. a decrease of 9% compared with the same period of 2012.

• 04 Feb 2014

  Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts

  Millennium Bank Romania's financial results at the end of 2013 show significant improvement in net income, due to the strong increase of banking income and good control over costs.

• 20 Jan 2014

  BCR cheapens First Home loans and lowers interest loans for loans in lei

  Romanian Commercial Bank (BCR) reduces, starting Monday January 20, interest on loans in lei. Interest rates for mortgages and unsecured loans were cut by more than 1%.

• 08 Jan 2014

  Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment

  Millennium Bank's new individual clients who bring their salary to the bank the equivalent value of their monthly utility bills. The bonus of up to 600 lei is paid at account opening and its amount depends on the income level. In addition, all the individuals who open a salary account during the campaign period automatically enter the draws that will decide the 12 winners who will receive the equivalent value of their monthly utility bills in maximum amount of 1,000 lei each.

• 23 Oct 2013

  GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution

  As of today, the mobile payment solution SEQR is active and available for use on the local market. The application is developed by Seamless, one of the world's leading providers of mobile phone payment solutions, and is launched together with GarantiBank, one of the most innovative banks on the market. SEQR is an application that enables customers to pay with their smartphone in stores, restaurants and online. Currently, it is the easiest, safest and most convenient payment solution in Romania.

• 23 Oct 2013

  Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania

  Romtelecom will provide, for the following 2 years, fiber optic based VPN MPLS data and integrated IP telephony services, but also mobile and data services supplied by its partner, COSMOTE Romania, for Bancpost. The current integrated telecom services contract is a continuation of the long term and solid partnership between the companies.

• 23 Oct 2013

  Millennium Bank cards offer discounts in Domo stores

  Millennium Bank cardholders now benefit from 3% discount when paying with their debit or credit cards in Domo stores. The partnership between the home appliances and IT&C retailer and Millennium Bank is part of the Discount Programme launched by the bank and includes 21 stores located in Bucharest, Cluj, Brasov, Iasi, Oradea, Timisoara and Constanta.

• 02 Oct 2013

  BCR Supervisory Board reshuffles Management Board

  The Supervisory Board of Banca Comerciala Romana (BCR) took several decisions regarding the structure and composition of BCR's Management Board (Executive Committee) in order to align responsibilities with the readjusted organizational structures of the Bank.

• 30 Sep 2013

  NBR decide to lower the monetary policy rate to 4.25 percent per annum

  In its meeting of 30 September 2013, The Board of the National Bank of Romania decided the following:

• 25 Sep 2013

  Common appointments in Romtelecom and COSMOTE Romania

  Romtelecom and COSMOTE Romania announce the following common appointments, starting 1st of October, 2013, in line with the two companies' effort to improve their collaboration and areas of synergies:

• 23 Sep 2013

  Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit

  Millennium Bank clients can now benefit from a promotional three-month lei deposit, which offers one of the most advantageous interest rates on the market, of up to 5.5% per year, depending on the saved amount and on the client's option to renew the deposit. The recently launched Wise Interest Deposit is available in lei for new funds, for both new and existing clients.

• 18 Sep 2013

  Eurozone in recovery mode but gap between North and South still widening

  A nascent recovery is taking hold across the Eurozone but despite positive signs of an uptick in the economy growth is expected to be slow. The easing of austerity measures and a pickup in world trade will strengthen the recovery towards the end of the year but it will be hampered by unemployment still increasing and widening divergence across the continent, according to the autumn EY Eurozone Forecast (EEF).

• 18 Sep 2013

  UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration

  UniCredit Tiriac Bank and RBS Romania announce the successful completion of the transfer of the retail and Royal Preferred banking business of RBS to UniCredit Tiriac Bank S.A. and UniCredit Consumer Financing IFN S.A., following the public announcement on 30 April 2013.

• 18 Sep 2013

  Millennium Bank grants First House loans in lei

  Millennium Bank started granting First House loans in lei within the latest edition of the governmental scheme, with a variable interest rate calculated as three-month Robor plus 2.5% margin. The maximum loan amount is the equivalent in lei of EUR 57,000 for finalised homes or the lei equivalent of EUR 66,500 for homes whose building permit was released after 2010.

• 12 Sep 2013

  Clean water for Romania's Bihor county EURO5m EBRD loan to complement EU funds

  The EU Cohesion Fund and the EBRD are joining forces to modernise and upgrade the water and wastewater services in Bihor, a county in the north west of Romania.

• 11 Sep 2013

  Millennium Bank's new Salary account clients receive up to 600 lei bonus

  Millennium Bank's new individual clients who bring their salary to the bank until December 31st, 2013 receive a bonus of up to 600 lei. The bonus is paid at account opening and its amount depends on the income level.

• 09 Sep 2013

  BCR improves its credit offer for business owners

  The Romanian Commercial Bank (BCR) improves its credit offer for business owners, providing a credit solution to customers which cannot ensure sufficient material guarantees for contracting a credit.

• 04 Sep 2013

  Deloitte CE Top 500: Romania, 5th place in the region, by number of companies

  With 35 companies in this year's Deloitte Central Europe Top 500, Romania ranks 5th within the region. Combined revenues of local largest companies amounted to almost 39 billion Euro, at the end of last year, compared to 39.6 billion Euro in 2011.

• 27 Aug 2013

  OTP Bank lowers further interest rates for consumer loans through the new customized interest rate system

  Thus, as of now, customers opting for a consumer loan in RON from OTP Bank Romania will have access to multiple lending solutions and advantageous interest rates adapted to their specific profiles, starting at only 10.30% (ROBOR 3L + 6.46%) (EAI 10.80%)*.

• 19 Aug 2013

  New global competitors emerge in the consumer products sector

  Deal activity in the global consumer products sector declined significantly in Q2 2013 compared with the previous three-month period, recording the lowest quarterly total volume of the 12-quarter review period. Total disclosed deal value also dropped markedly, although there were three megadeals announced during the quarter.

• 05 Aug 2013

  UniCredit łiriac Bank and RBS Romania announce the legal completion of the transfer of the retail business

  UniCredit łiriac Bank and RBS Romania announce the legal completion of the transfer of the retail and Royal Preferred banking business of RBS (Bank) Romania S.A. to UniCredit łiriac Bank S.A. and UniCredit Consumer Financing IFN S.A., following the public announcement on 30 April 2013.

• 05 Aug 2013

  Prizes of almost 1 million euros, with the new promotional campaign from COSMOTE Romania

  In the verge of summer, COSMOTE Romania launches a new promotional campaign, which amounts total prizes up 982.000 euro and so make the holidays of its customers richer. The campaign will be carried on from August 6th until December 1st 2013, inclusively and aims to promote 'Group Options', the feature of 'RadarMe powered by Cosmote' socialization mobile application (which can now be purchased just by sending an SMS) thus encouraging customers to communicate more and be part of groups of friends.

• 05 Aug 2013

  NBR decide to lower the monetary policy rate to 4.5 percent per annum

  In its meeting of 5 August 2013, The Board of the National Bank of Romania decided the following:

• 05 Aug 2013

  Intesa Sanpaolo Bank achieves positive results in the first half of 2013

  Intesa Sanpaolo Bank achieves a positive net result for the second consecutive quarter, according to the consolidated results reported by Intesa Sanpaolo Group at the end of the first half of 2013. The Romanian Subsidiary of Intesa Sanpaolo Group registered a net profit of 0.5 million lei and the operating profit increased by almost 40% from 30 million lei in first half of 2012 to over 41 million lei in the first 6 months of 2013.

• 02 Aug 2013

  New silver coin dedicated to the centennial anniversary of the first official rugby match in Romania

  Pursuant to the provisions of Law No. 312/2004 on the Statute of the National Bank of Romania, on 5 August 2013, the National Bank of Romania will put into circulation, for numismatic purposes, a silver coin dedicated to the centennial anniversary of the first official rugby match in Romania.

• 30 Jul 2013

  CEOs in CEE put less emphasis on innovation than their peers in other regions

  Chief executives around the world are ramping up their efforts to innovate and find new ways to do business, in a move to stimulate growth in a challenging global business environment. However, the results of the survey indicate that the CEOs in Central and Eastern Europe put less emphasis on innovation than their peers in other regions.

• 30 Jul 2013

  BCR results for H1 2013

  Operating performance in H1 2013 reached RON 1,241.7 million (EUR 282.7 million), up by 3.0% in comparison to RON 1,205.5 million (EUR 274.6 million) in H1 2012.

• 30 Jul 2013

  European companies - more difficult to be persuaded to acquire other companies

  Private equity (PE) exit numbers dropped in Europe last year to 61 from 2011's total of 85 according to Myths and challenges - How do private equity investors create value?, EY's annual study of European PE exits. The report cites a volatile economic climate and low transactions activity as the primary challenges for PE.

• 26 Jul 2013

  Raiffeisen Bank Romania has successfully launched today a 3 years senior unsecured bond of RON 225 million with a coupon of 5.5%.

  Raiffeisen Bank Romania has successfully launched today a 3 years senior unsecured bond of RON 225 million with a coupon of 5.5%.