Alpha Bank Romania started trading its first 200-million-euro issue of covered bonds on the main floor of BVB, a first in the financial and banking sector of Romania. The 5-year bonds paying variable interest are said to be covered by excellent mortgages and rated Baa2 by Moody’s. Both local and…
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The Romanian banking system stability is threatened by the recent introduction of the “tax on greed,” which will significantly affect solvability and profitability of the banks and worsen things for the weaker ones, according to the country report for Romania issued by the European Commission (EC) on Wednesday. In the…
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Connections (http://connectionsconsult.ro/), a leader in the digital transformation market in Romania, Bulgaria and Serbia is developing a fintech open-banking platform to integrate the APIs provided by Romanian banks with the application of the Revised Payment Services Directive (PSD2), which obliges banks to give access to information about online payment accounts…
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PNL MPs notified the Constitutional Court (CCR) on the draft laws on the laws on loan contracts, leasing operations and financial relations in banking field. In a Thursday’s press release for AGERPRES, PNL argues that the three laws are “seen as unconstitutional as a whole, because they were adopted by…
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