Romanian banking sector: Deposit rate rankings and BRD legal challenge

The Romanian banking sector is facing significant developments regarding both consumer interest rates and regulatory legal battles.

In terms of savings, ProCredit Bank offers the highest standard one-year leu deposit rate at 6.70%. Other competitive offers include TechVentures Bank and Intesa Sanpaolo, both providing 6.25% through digital channels. Salt Bank follows with 5.90%, and Nexent Bank offers 5.75% via its mobile application.

Separately, BRD has announced its intention to challenge a decision by the Romanian Competition Council. The bank is contesting a sanction of 412.47 million Lei related to an investigation into the coordinated fixing of ROBOR and ROBID rates. BRD has rejected the allegations, and the fine represents a significant portion of its 696.9 million Lei subscribed capital.