23 iun 2017

CEC Bank, the sixth largest bank in Romania by assets, sold a set of non-performing consumer and credit card loans worth 541.4 million lei (EUR120 million) in gross amount, for RON94 million in 2016, more

3 mai 2017

Ergo Asigurari de Viata, a company held by Germany’s Ergo group, last year posted the highest growth of the entire life insurance industry, as its gross written premiums went up from 46 million lei more

21 apr 2017

Local banks sold non-performing corporate loans at an average price of 9% of the nominal value of the loan, while the average price of retail loans was 12%, first deputy governor of Romania’s more

19 apr 2017

Banks granted 3.7 billion lei (EUR822 million) new leu and euro retail loans in the first two months of this year, about 7% less than in the year-ago period, Romania’s central bank data show. more

11 apr 2017

Private health insurance niche was the star of the local insurance market last year, as gross written premiums increase by about 64% to 173 million (EUR38.4 million), Financial Supervisory Authority more

21 mar 2017

The local subsidiary of French insurer Groupama set out to achieve 10% growth of gross written premiums this year, which means its revenue should go beyond one billion lei (EUR219 million). This more

21 feb 2017

APS Romania, the local division of the Czech debt collection group by the same name, says it has budgeted investments of at least EUR25 million in buying non-performing loans this year. more

13 feb 2017

Last year was a good year for banks, despite legislative turmoil and gloomy forecasts by bankers, so new retail and corporate leu and euro-denominated loans stood at more than 67 billion lei (EUR15 more

10 feb 2017

The strengthening of the leu against the main currencies is unlikely if not impossible any time soon, Romania’s central bank governor Mugur Isarescu said during the presentation of the inflation more

17 ian 2017

The first set of non-performing loans that BRD, the second largest lender in Romania, auctioned met with a lot of interest, all debt collectors active in this country submitting a bid, market sources more

21 dec 2016

Almost every member of the board of the former Insurance Supervisory Commission (CSA) in 2011-2012, among which Angela Toncescu and Constantin Buzoianu, even former commission chairpersons, were more

20 dec 2016

The capping of the auto liability insurance (RCA) rates shattered insurers’ optimism about the market and turned 2016 into a disastrous year. more

24 nov 2016

The single-digit non-performing loan ratios that seemed like a fantasy right after the crisis are becoming a reality for Romanian banks as more and more lenders showed NPL ratios of less than 10% in more

22 nov 2016

The increasingly frequent legislative changes that are farther and farther away from the model of a competitive framework as used in the West only serve to hinder the development of the local more

3 nov 2016

New leu loans banks granted to consumers reached a new peak in January-September, 22.7 billion lei (EUR5.03 billion), Romania’s central bank data show. more

25 oct 2016

As the end of the year is near, the local banks are rushing to clean up their balance sheets, which shows on the non-performing loan deal market, where three or four deals to sell about EUR1 billion more

17 oct 2016

New deposits in domestic currency made by individual customers of banks in Romania stood at 136 billion lei (EUR30 billion) in January-August, down 7.4% on the year-ago period, according to the more

5 oct 2016

New leu and foreign currency-denominated loans granted by banks to companies fell sharply by about 18% in August, compared with the year-ago month and reached 2.66 billion lei (EUR599 million), more

8 sep 2016

The top five general insurance companies, which account for about half of the Romanian market, sold 2.5 billion lei (EUR562 million) worth of policies in the first half, an increase of more than 17% more

30 aug 2016

Three mandatory pension funds of NN (Netherlands), Allianz-Tiriac (Germany) and Metropolitan Life (US) manage the pension money of about 4.3 million Romanians or 64% of the people who have a pension more

26 iul 2016

The annual growth rate of the stock of bank loans to companies and consumers slowed down significantly, following the enforcement of the debt discharge law, as lending only increased by 1.2% to 217.6 more

19 iul 2016

The interest margins on leu-denominated mortgage loans is around 3%, while the margin of the euro loans is close to 6%, as Romania is considered much riskier than the euro zone if looking at its more

13 iul 2016

NN Asigurari, the largest life insurance company in Romania, seeks growth of up to 5% in gross written premiums this year, which means revenue should reach 660 million lei (EUR148 million) at most. NN more

11 iul 2016

New loans for consumers beat new corporate loans in Romania for the first time ever. After having had to deal with corporate insolvencies in the range of billions of euros, banks prefer to work with more

30 iun 2016

Local banks need to speed up restructuring as the lack of efficiency is causing an unbelievably high waste of money, bankers and consultants attending ZF Bankers Summit’16 on Wednesday said. more