National Bank of Romania

Adopting the euro currency by January 1 2019 means that we need to switch to the exchange rate mechanism (EMR II) first, by January 1, 2016, to be more precise, for which we are still unprepared, the governor of the National Bank of Romania (BNR), Mugur Isarescu, explained on Monday.

Photo credit: (c) Angelo BREZOIANU / AGERPRES PHOTO

The National Bank of Romania (BNR) will put into circulation today, for numismatic purposes, a silver coin dedicated to its 135th anniversary, according to a BNR press release.

Photo credit: (c) Lucian TUDOSE / AGERPRES ARCHIVE

The National Integrity Agency (ANI) is checking the personal fortune of the Governor of the National Bank of Romania (BNR) Mugur Isarescu, BNR Spokesman Dan Suciu reports.

Photo credit: (c) Simion MECHNO / AGERPRES ARCHIVE

The commercial banks operating in Romania are currently implementing the new disclosure and data release requirements of the third pillar of the Basel Agreements; the process began throughout Europe last year, says Cristian Stefan, head of the Regulation and Licensing Department of the National Bank of Romania (BNR, the central bank).

The governor of the Romanian national bank, BNR, Mugur Isarescu, on Friday warned against trying to convert loans in Swiss francs into loans in the national currency.

"Such conversion would cause a loss of 5.7 billion lei (some 1.3 billion euro) to banks with CHF loans on their balance sheet, which represent around 0.8 per cent of Romania's GDP," Isarescu told a press conference.

The situation in Greece is a great danger and it should be considered by Romania too, yet the National Bank of Romania (BNR) has the necessary tools to manage eventual risks, on Wednesday said the central banks' governor, Mugur Isarescu in a press conference.

Photo credit: (c) Sorin LUPSA / AGERPRES ARCHIVE

The banking system in Romania registered a 1.6 billion lei loss after the first nine months of this year and overall in 2014 the loss will easily exceed two billion lei, National Bank of Romania (BNR) Supervision Department Director Nicolae Cinteza said on Saturday in the seminar EU-COFILE, organised by BNR, the Romanian Banking Association (ARB) and Alpha Bank.

The influence of the exchange rate on the prices has significantly curbed in the last years and the national leu currency has, for at least six months 'been lounging in the range of 4.40 - 4.44 lei to the euro' and has become 'completely unconcerned about the political statements', even in an electoral year, after several years ago the leu depreciation was having a double impact o

The capital adequacy ratios of the subsidiaries of the banking groups operating on the Romanian market, included in the assessments conducted in Europe, are higher than the regulated thresholds, the National Bank of Romania (BNR) announced on Monday in a press release.