Banks | Romania Feed

Bogdan Neacsu, the chief executive officer of CEC Bank, the third largest lender in Romania by assets, has got his second term as chairman of the Romanian Association of Banks (ARB), after having been elected to the position in May 2021.

Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s invasion of Ukraine, supply chain disruptions, inflation rise, tightening monetary policy across the world and potential recession or stagflation in certain economies, but is expected to improve until 2026 and reach the current levels of return on assets, as per Deloitte Banking and Capital Markets Outlook for 2023.

Banks in Romania granted new loans to households and companies in the amount of RON388 billion between 2016 and 2020, higher by 37.5% than RON282 billion at the end of 2020, per an analysis drafted within the #Dreptullabanking (the right to banking) campaign.

Banks still dominate the financial sector, but things will change very soon as fintech is the future, said the representatives of the banking and fintech industry in Romania and the region during the NEXT FinTech – The Bridge to Inclusive Finance, the finale of the most important acceleration program for fintech startups in Romania.   […]

Banks in Romania could register an estimated loss in banking revenues after risk of around RON 58 billion by 2025, due to risk costs and decreased volumes, compared to the revenues that were expected before the pandemic – according to the latest research by McKinsey&Company Romania.   Banks are likely to face a two-stage challenge in […]

Shareholders of Alro Slatina (ALR.RO), the largest aluminum producer in Romania, have decided at their general meeting of Nov 10 to name Banca Export-Import a Romaniei (Eximbank) as leader of a Syndicate of Banks for a USD235 million credit facility contracted in December 2015 and coordinated at that time by Raiffeisen Bank International.

Alro Slatina (ALR.RO), the largest aluminum producer in Romania, has summoned its shareholders on November 10, 2020 to approve the concluding of an addendum to the credit facility agreement worth USD$235 million, concluded on December 14, 2015 by the company, as borrower, and a Syndicate of Banks coordinated by Raiffeisen Bank International, per a stock market report.