5 iul 2012

Four in one million bank bills are forged in Romania, half as many as in Europe, where the likelihood of coming across a fake bill is 8-9 out of one million bills in circulation. more

4 iul 2012

Romanians did not rush to borrow money from banks in the first half of the year despite promotional offers. Those who will seek to a get a loan soon might pay high interests and find it more difficult more

25 iun 2012

Foreign banks and insurers have contributed more than EUR380 million to the capital of their local subsidiaries since the beginning of this year to offset the losses caused by the sales decline and more

22 iun 2012

Tensions and volatility on the banking market will persist for a while longer considering the exit from the crisis will not occur yet and lenders will have to change strategies, cut costs and rely on more

21 iun 2012

Bankers in Romania say that even though they have funds, they will wait for the economy and lending demand to rebound first before promoting loan sales more aggressively. more

19 iun 2012

Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year in the red more

5 iun 2012

Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below Astra’s in more

4 iun 2012

The calming of tensions over the Greek debt crisis in the first quarter of the year allowed Greek banks to retain their stocks of deposits. more

1 iun 2012

The leu’s depreciation by 10%-15% against the euro and the doubling of interest rates for lei on the interbank market would be the direct and fast effects on the Romanian market of the prospective more

28 mai 2012

Romanian banks sell as few leu-denominated loans that they will not even cover the repayments made by customers, therefore the volume of loans in local currency has gone down by RON1 billion since the more

25 mai 2012

The depreciation of the leu and the rise in money market interests add extra charges to the bill of the four million Romanians who took out loans from banks. more

24 mai 2012

The insurance market's balance and revenue stabilized at half a billion euros three months into the year, after three years of decline, the market's players will not say that the worst is behind them more

22 mai 2012

The current managers of Intesa Sanpaolo will run the new bank, and the terms of the managers and of the members of the supervisory board of CR Firenze will end after the merger becomes effective. more

21 mai 2012

Almost 1,000 companies with bank deposits above 100,000 liquidated their deposits, while the number of depositors holding less than that amount fell by 7,800, according to the bank deposit guarantee more

18 mai 2012

Withdrawals from cash points exceeded 100 billion lei (almost EUR23 billion) between April 2011 and March 2012, five times the payments by card to merchants during the same amount of time, central more

11 mai 2012

The nine mandatory private pension funds (Pillar II) were managing 7.5 billion lei (EUR1.7 billion) at the end of April after RON260 million entered the accounts of the 5.6 million contributors, more

10 mai 2012

Euronet Worldwide paid $18.3 million to some Greek investors to buy card-processing provider Smart PayNetwork (PayNet) at the end of last year, the company’s annual report reads. more

8 mai 2012

The average interest rate displayed by banks for household deposits in lei has diminished by a quarter of a percent in March to 6.24% a year, with the plentiful liquidity on the market putting more

7 mai 2012

Austrian insurer Vienna Insurance Group (VIG), which controls a quarter of the Romanian insurance market, cut by 22% its number of employees on the local market in the past two years, and the four more

30 apr 2012

Generali, one of the world’s largest insurers, which owns a top ten company on the Romanian market, says the local insurance sector is not in a very comfortable situation right now because of the more

25 apr 2012

Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large networks more

24 apr 2012

Five of the top ten companies on the insurance market cut the number of employees by 8% last year, as the industry as a whole continued to restructure because of the significant business decline. more

23 apr 2012

The slimmer balance sheets, the decline of loan sales and implicitly of banks’ revenues forced Greek banks to close down tens of units and fire several hundred employees. more

23 apr 2012

Italo Romena bank, which operates as a subsidiary of Italian group Veneto Banca, has set as a target for this year to hold on to its volume of financing of around EUR950 million, believing the more

19 apr 2012

Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks sought to more