19 nov 2011

The most expensive insurance policy brokered by Marsh, one of the major players on the Romanian insurance brokerage market, covers damages of EUR5 billion. Data show this is the most expensive more

15 nov 2011

American giant MetLife, which owns Alico (formerly AIG Life) on the Romanian market, wants to buy several companies in Central and Eastern Europe in order to strengthen its regional position, with more

9 nov 2011

Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (EUR53.5 more

8 nov 2011

Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are forced to more

8 nov 2011

The fact that the banking sector reported losses again in the third quarter, added with the record-high 23% ratio of non-performing loans recorded in September, puts pressure on bank capitals, with more

7 nov 2011

BRD-Societe Generale, the second-largest bank on the Romanian market, has not found enough clients to match the value of repaid amounts, so the volume of loans fell 3% in September against the similar more

4 nov 2011

BCR, the largest bank on the Romanian market by assets, wrote off as losses several big-value loans granted to companies with financial problems, which were restructured several times during the more

4 nov 2011

The ranking of the largest financial leasing companies did not radically change in the first half of this year, as the same companies dominated a market that is only now showing the first signs of more

1 nov 2011

The cases in which insurers pay damages of several hundred thousand euros to victims of car accidents are increasingly frequent as Romanians become aware of the fact that a simple auto liability (RCA) more

26 oct 2011

Private lending was up in September, solely driven by corporate loans, because consumers were again afraid to take on debt. more

25 oct 2011

Turmoil on the international financial market has caught local banks off-guard, after they grew too reliant on funding from parent banks and as such let the imbalance between loans granted and more

25 oct 2011

Almost 40,000 debtors refinanced their loans with a different bank than the one that sold them the loan in the first five months of 2011, triple compared with the similar interval a year ago, show more

25 oct 2011

Piraeus Bank, the local subsidiary of the Greek bank by the same name, managed a higher volume of liquidity last year thanks to the monetary policy relaxation measures adopted by the National Bank of more

24 oct 2011

Insurer Astra, controlled by businessman Dan Adamescu, is Romanian market's leader on revenue from underwritten premiums on the home insurance and mandatory car insurance RCA segments, but is not more

21 oct 2011

Sales of life insurance through banks can help develop the bancassurance segment only if banks become more than mere distribution channels and prepare their employees as consultants for clients, more

20 oct 2011

Euroins, Carpatica Asigurari and Astra had the highest number of dissatisfied customers, with complaints sent to the Insurance Supervisory Commission (CSA) exceeding 3,000 in the first nine months of more

20 oct 2011

Companies increased their deposits in foreign currency held in foreign bank branches by the equivalent of 2.8 billion lei (some EUR660 million) in the third quarter, while the institutions operating more

18 oct 2011

A typical debtor to a bank is male, aged 30 to 34 years, lives in Bucharest and holds a loan in lei, according to data from the Credit Bureau, the institution that collections information on loans to more

17 oct 2011

Foreign banks contributed 850 million lei (EUR200 million) to the local subsidiaries’ capital and announced up to EUR360 million capital injections, to be done in part by the end of 2011. This is to more

16 oct 2011

Romanian banks booked provisions worth 739 million lei (EUR175 million) in July, up 16% from a month earlier, a sign that downside pressure on loan portfolio remains high and economic recovery is more

13 oct 2011

Lower interest rates would allow the government to borrow cheaper and implicitly help the economy, but the Romanian central bank (BNR) is more preoccupied with protecting the leu rather than more

11 oct 2011

Around 3 million Romanians have their homes insured through a voluntary policy, 58% more than in mid-last year, when the mandatory home insurance scheme kicked off, while mandatory policies continue more

11 oct 2011

Over 10,000 Romanians joined the ranks of those with overdue bank loans in August, after the number of people falling behind with their payments had gradually gone down over three months. more

10 oct 2011

The volumes traded on the Bucharest forex market exceeded EUR38 billion in September, the highest level since January 2009, because of the high volatility of the leu caused by the turmoil on more

10 oct 2011

Second tier banks, which used to deal with non-performing loans on their own, are now selling their receivables to specialized debt collectors so as to be able to move employees handling collection to more