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Financial & Banking
Moody's Ratings upgrades Banca Transilvania's issuer and deposit ratings
Monday, November 10, 2025
Moody's Ratings has upgraded both Banca Transilvania (BT)'s long-term deposit rating and its short-term and long-term issuer ratings, BT informs in a press release sent on Friday.The agency raised the bank's long-term deposit rating to Baa1 from Baa2, the maximum rating, in the context of the country rating. Moody's changed the outlook to negative, similar to that of Romania.At the same time, BT's issuer ratings were updated ...
BCR, first partner of Investment and Development Bank of Romania in supporting SMEs
Monday, November 10, 2025
Banca Comerciala Romana (BCR) becomes the first financial institution to sign a guarantee agreement with the Investment and Development Bank (IDB), within the portfolio guarantee program intended for financing small and medium-sized enterprises (SMEs), the bank announced on Friday.The partnership aims to increase entrepreneurs' access to sustainable financing, through modern guarantee mechanisms that reduce risks and simplify collateral ...
Banks anticipate continued tightening of lending standards for Q3 2025
Monday, November 10, 2025
Banks anticipate, for the third quarter of this year, a continued tightening of lending standards for consumer loans and a quasi-stagnation of those for the acquisition of land and housing, as well as those intended for non-financial companies, according to the "Survey on lending to non-financial companies and the population - Q2 2025", published on Thursday by the National Bank of Romania (BNR)."In Q2 2025, Romanian banks reported tightening of lending ...
Gov't could decide in coming weeks how it wants to pass package two
Monday, November 10, 2025
The government could decide in the coming weeks how it wants to adopt package 2, through separate ordinances or in the form of a package 2.2.0, through Parliament, with the intention being to preserve the fiscal measures taken in the summer, Alex Milcev, partner, head of the Tax and Legal Assistance department at EY Romania, said on Thursday."The fiscal packages and what is happening now. From market, from our discussions with the authorities, we know ...
BVB: BET index shows 35% return since beginning of year
Monday, November 10, 2025
The capital market is recording a very good evolution, and if we look at the BET index, it has displayed a 35% return since the beginning of the year, a performance that is also very good, said Alexandru Stefan, director of Indices and Market Data at the Bucharest Stock Exchange (BVB)."I would say that, currently, there is a very good evolution of the market. If we look at the BET index, it has shown a return of 35% since the beginning of the year, ...
Instant Factory draws financing structure of 30 million euros
Monday, November 10, 2025
A Romanian fintech, specialized in digital financing solutions for SMEs, has attracted 30 million euros in financing that will allow it to support over 2,000 small and medium-sized businesses in Romania and Spain."The transaction involved the establishment of a securitization fund for Instant Factoring's receivables portfolios - "Instant Factoring 2025-I, Securitization Fund" in Spain, under the supervision of the CNMV, the Spanish financial ...
Study: A third of Romanians have suffered financial losses after following unverified advice online
Monday, November 3, 2025
A third of Romanians have suffered financial losses after following unverified advice online, and 7 out of 10 Romanians feel confident in their ability to distinguish credible financial information online, according to a study conducted for Revolut.On the occasion of World Savings Day, on October 31, global digital bank Revolut conducted a study together with research company Dynata, on the extent to which Romanians rely on online advice and consultants to ...
Raiffeisen Bank announces net profit after tax of 1.36 billion RON in first 9 months, up 8%
Monday, November 3, 2025
Raiffeisen Bank reported a net profit after tax of 1.36 billion RON in the first nine months, 8% above the level recorded in the same period of the previous year, while total assets reached 81.5 billion RON, up 10%, according to the bank's financial results, released to the public on last Thursday."In the first nine months of 2025, Raiffeisen Bank Romania continued its development in all segments of activity. The bank's total assets reached 81.5 billion RON, ...
BNR's Stoienescu (NBR): I never see AI being able to replace areas related to human interaction
Monday, November 3, 2025
Artificial intelligence will never be able to replace areas related to human interaction, such as emotional intelligence, Adelina Stoienescu, an expert at the Supervision of Payments and Payment Instruments Division at the National Bank of Romania (BNR), said on Thursday at a specialist conference."It is interesting to see, from our perspective, everything that the market means and how the market thinks and those who develop artificial intelligence. I ...
BNR's Badea: Sustainable development can be achieved by efficient capital allocation
Monday, November 3, 2025
A sustainable development that involves increased productivity and competitiveness can be achieved, first of all, by efficiently allocating capital in the economy, according to First Deputy Governor of the National Bank of Romania (BNR) Leonardo Badea."Economic convergence does not only imply an advance of incomes, but also inherent price increases, especially in the case of non-tradable goods (especially services, which, in the Romanian economy, as ...
Banca Transilvania will distribute additional dividends and initiate new bonds issuances
Monday, November 3, 2025
Banca Transilvania will distribute additional dividends totalling RON 700 million to its shareholders, sourced from net profit reserves accumulated over previous years. Concurrently, the bank will initiate new bonds issuances of up to EUR 2 billion to support its future growth strategy. These initiatives, proposed by the Board of Directors, received the shareholders’ approval during the General ...
Report:Romania and Bulgaria have the cheapest mortgage loans in the region
Monday, November 3, 2025
Romania and Bulgaria have the cheapest mortgage loans in the region, considering the average wages and the costs of buying a one-bedroom apartment through a 25-year mortgage loan, according to a market report issued by online broker Ipotecare.ro. The average monthly instalment of a mortgage loan required to purchase a one-bedroom mass market apartment in Bucharest, completed for at least 30 years and outside semi-central ...
RoPay Alias exceeds 7.8 million users; ING customers among top adopters
Monday, November 3, 2025
RoPay Alias, a service integrated into the RoPay national payment scheme that allows instant and free transfers between individuals using only their phone number, has reached over 7.8 million users in Romania – that is, almost half of the banked population. Customers of seven banks can benefit from these transfers: ING Bank, Salt, CEC, Libra Bank, BCR, Banca Transilvania and Raiffeisen Bank. ING contributes significantly to this figure, with 1.4 million customers ...
Agroserv Mariuta launches guaranteed bond issue worth up to 3 million euros
Monday, November 3, 2025
Agroserv Mariuta SA, a Romanian company in the agricultural sector, is launching a private placement for a new issue of corporate bonds, worth up to 3 million euros, the company announced in a press release.The funds raised will be used primarily to refinance existing MILK25E bonds, worth EUR 3 million, issued in 2020, as well as to support the company's financial flexibility and long-term growth strategy.According to the cited source, the bonds ...
Ministry of Finance, mandated to purchase shares held by Post-Privatization Foundation in Romanian Counterguarantee Fund
Monday, November 3, 2025
The Government approved, by decision, mandating the Ministry of Finance to purchase a number of 1,280,000 shares held by the Post-Privatization Foundation at the Romanian Counter-Guarantee Fund (FRC)."The Ministry of Finance is mandated to purchase a number of 1,280,000 shares held by the Post-Privatization Foundation at the Romanian Counter-Guarantee Fund S.A., an acquisition intended to capitalize on an opportunity that can support both the ...
Mastercard launches Mastercard Threat Intelligence,solution for analyzing cyber threats applied to payments sector
Monday, November 3, 2025
Mastercard launches Mastercard Threat Intelligence, the first solution for analyzing cyber threats applied on a large scale in the payments sector, according to a company press release.The solution combines Mastercard's fraud prevention expertise and global network visibility with selected cyber threat intelligence from the Recorded Future platform to help anti-fraud and compliance teams at issuing and acquiring banks proactively detect, prevent and respond ...
Cosmin Marinescu, NBR Deputy Governor: Opening speech, CEE Annual Payments Forum, 2025 edition
Monday, October 27, 2025
Ladies and Gentlemen, Distinguished Guests, Good morning and welcome to the Fourth Central and Eastern European Annual Payments Forum, hosted by the National Bank of Romania. It is a privilege to gather at our premises once again, alongside policymakers, innovators, and partners from across our region and beyond. It is already becoming a tradition for us, here, at the central bank to host this event and I would ...
Monetary indicators - September 2025
Monday, October 27, 2025
At end-September 2025, broad money (M3) amounted to RON 753,293.5 million, up 0.3 percent month on month. In year-on-year comparison, broad money rose by 7.9 percent (-1.8 percent in real terms). At end-September 2025, loans to non-government sector granted by credit institutions increased 0.8 percent (0.4 percent in real ...
Benchmark index for consumer loans increase affects borrowing capacity and limits access to financing
Monday, October 27, 2025
The Benchmark Index for Consumer Loans (IRCC) rose to 6.06% as of 1 October, its highest level since its introduction in 2019, increase which directly affects Romanians' borrowing capacity and limits access to financing, even for those with stable incomes, according to a specialist analysis released on Thursday.Thus, for a mortgage loan of 500,000 lei, the minimum required income has risen by almost 450 lei compared with the previous quarter, simply to maintain the same ...
BRD SG Study: Costs, Motivation, and Main Barrier for Romanian Entrepreneurs
Monday, October 27, 2025
* 51% of Romanian entrepreneurs see sustainability as a way to reduce costs, but the same percentage considers implementation too expensive. BRD Groupe Société Générale, founding partner of the Climate Change Summit, launches the first study that analyzes the perceptions of Romanian entrepreneurs on the opportunities and challenges of the transition to sustainable business models. The study is launched in the ...