24 ian 2012

Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis. more

24 ian 2012

Bankers did not rush to adjust their offers in line with the lending rules enacted by the central bank last fall and tried to make the most of the ninety-day time they had been given to draft new more

18 ian 2012

The largest merger on the Romanian insurance market is only halfway to completion, but the outlines of the new company resulting from the consolidation of Omniasig and BCR Asigurari’s business are more

17 ian 2012

Banks expanded their payment terminal (POS) networks deployed in stores last year, a market segment dominated by a small number of players, which generates EUR40 million a year in fee revenue, as more more

13 ian 2012

Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sales of car more

12 ian 2012

BCR, the largest bank on the market, raised its interest rate margin by over one percent on euro-denominated mortgage loans, to 5.95% above six-month Euribor, and by half a percent for leu-denominated more

11 ian 2012

Bankers sold almost EUR540 million worth of loans through the “First Home 4” scheme, one third of the value of the loans granted in the previous three iterations. Only 150 customers of a total of more

10 ian 2012

Clients of private pension funds would have earned twice as much if they had they placed their money in banks. more

9 ian 2012

German insurer Gothaer, an about EUR4 billion business, is in talks to buy Platinum, a small company owned by former Omniasig chairman Constantin Toma, insurance market sources say. Constantin Toma more

23 dec 2011

Threatened with the loss of foreign funding, bankers have decided to launch more aggressive offers for loans in lei to persuade customers to borrow in local currency after the central bank (BNR) more

21 dec 2011

Marfin Bank, controlled by the Cypriot group of the same name, reported a net profit of EUR4.3 million in the first nine months, under international financial reporting standards (IFRS). Third-quarter more

20 dec 2011

Although Bucharest officials are preparing to eliminate subsidies granted for the construction of mortgage homes, countries in the region continue to conduct similar programs, seeking to revive the more

18 dec 2011

Astra, Allianz-Tiriac, Omniasig and Groupama – the top four insurers on the Romanian market – are worth about EUR630 million together, according to the "Top 100 most valuable companies in more

16 dec 2011

The relaxed lending terms in the past and the decline in the customers’ incomes during the crisis are now putting pressure on the banks’ portfolios, and bankers are seeing fewer and fewer more

14 dec 2011

Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator CSA data. more

10 dec 2011

Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past months, while more

9 dec 2011

Libra Bank, a small bank specializing in services for professionals, was put at 120 million lei (EUR27.6 million) in a deal through which U.S. investment fund Broadhurst Investments bought 7% in it more

9 dec 2011

Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower deposits more

7 dec 2011

Loan demand rebounded spectacularly in October, with the number of credit reports issued by the Central Credit Register (CRB) of the BNR almost tripling against preceding months, to 305,000 queries. more

7 dec 2011

In a bid to compensate for the loss of support from parent banks, local bankers try to attract as many resources as possible from companies, paying interest of up to 4% on euro deposits. more

5 dec 2011

Loans have become more expensive in the last few months after Romanian banks had steadily cut interest rates in the first half of the year, both for loans and for deposits. more

1 dec 2011

The local subsidiaries of Greek financial groups lost deposits with a cumulated value of EUR300 million in the third quarter, despite the fact that they pay the most generous interests on the market. more

28 nov 2011

Top insurers in Romania continued to feel the effects of the crisis, and many have lost market share to second-ranking players and companies that have promoted their products more aggressively, more

23 nov 2011

Romanians’ euro savings have become more important than ever for bankers who fear they will lose support from their parent banks, so they have raised interests towards 5% a year. Ailing banks pay on more

22 nov 2011

Cetelem, the largest consumer finance company on the market, controlled by French group BNP Paribas, sold 25% more new loans in the first nine months of 2011 compared with the corresponding period of more