7 oct 2011

Bankers waiting for clients to buy loans started the autumn on the wrong foot as demand fell unexpectedly in September after it stabilized in the last six months. more

6 oct 2011

Many homeowners who bought mandatory home insurance policies last year fearing fines did not renew their policies when contracts expired, so that the total number of insured people dropped by around more

5 oct 2011

BCR is trying to persuade customers to keep their savings in lei in the bank for two years in exchange for a fixed 14% interest, instead of renewing their deposits every three months and getting more

5 oct 2011

Almost one fifth of loans taken out by consumers and companies in counties such as Bistrita, Suceava or Galati (northern and eastern Romania) are overdue, double compared to the national average. more

4 oct 2011

About 160,000 Romanians took out loans to refinance or consolidate debt with a cumulated value of more than EUR850 million (3.6 billion lei) from June last year through May 2011. The number of such more

4 oct 2011

Bankers are keeping up pressure on clients holding loans as these are the main income source given the low sales of new loans. more

30 sep 2011

Mortgage lending recorded another month of growth in August, with the overall volume of loans climbing at the equivalent of EUR7.3 billion, helped by funding available through the state-guaranteed more

29 sep 2011

The insurance market will be regulated by people who have barely had anything to do with this industry so far, which means politicians had the final say in the appointment of the new management of the more

28 sep 2011

Nearly 1.3 million consumer loans were removed from banks’ balance sheets without being replaced by new ones since the end of 2008, when the crisis crept in and until August this year, according to more

27 sep 2011

Banca Carpatica (BCC.RO) could turn a profit this year after the growth rate of provisions slowed down significantly and loan sales rose, but the bank’s management is also thinking about continuing more

27 sep 2011

The employees of insurers Omniasig and BCR Asigurari, which are in the process of merging to create the largest insurance company on the Romanian market, with over EUR300 million in revenue, will more

26 sep 2011

Banks had a harder time finding clients to whom to lend money in the last summer month, so that the volume of loans to individuals and companies rose by just EUR140 million in August, four times less more

26 sep 2011

More than 71% of unsecured consumer loans granted to young people aged between 18 and 25 had gone sour by late June; this is the client category causing bankers the biggest headache, central bank more

22 sep 2011

The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money has more

20 sep 2011

The company resulting from the merger of Omniasig and BCR Asigurari, which will become the largest insurer on the Romanian market, will take the Omniasig name because the majority shareholder decided more

16 sep 2011

A year after entering the Romanian market via a EUR5 million acquisition, French insurance giant AXA announces the first details of its expansion plans. more

15 sep 2011

Hundreds of thousands of euros in claims settled for car accidents tend to become the norm, as Romanians become aware that a simple RCA policy (auto liability insurance) does not cover only damage more

14 sep 2011

Leasing companies and the other Non-bank Financial Institutions (NBFIs) have lost several tens of thousands of clients since the beginning of the crisis, with loan portfolios cut by a third. more

13 sep 2011

Romanian MPs were to appoint a new head for insurance regulator CSA by June, when the current president’s mandate ended, but the decision could not be reached, for lack of quorum. more

12 sep 2011

Exports continued to slow down in July and, although Romania is for now keeping its economic growth forecast of 1.5%, signals have appeared that problems will worsen next year, given the international more

12 sep 2011

Five insurance companies feature among the top 50 insurers in Central and Eastern Europe by gross premiums underwritten last year, with the cumulated value of the five companies’ business exceeding more

9 sep 2011

For a loan of EUR40,000 or the equivalent in lei, the difference between the monthly installment on a leu-denominated and a euro-denominated loan is of around EUR85. In 30 years, clients pay an more

8 sep 2011

The Romanian central bank (BNR) is looking for the first time to encourage lending in lei instead of foreign currency for mortgage loans, but interest rates are double as high. more

7 sep 2011

The Swiss central bank made an unexpected gift to the 50,000 of holders of Swiss franc loans in Romania, after its announcement that it will do everything in its power to depreciate the franc caused a more

7 sep 2011

Each certified insurance agent will have a card including information about attended courses and qualification. Agents must go through a certification test every three years. more