6 sep 2011

Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acquisitions. more

5 sep 2011

The financial leasing market accelerated its growth in the second quarter of the year, when EUR379 million in funding was granted, 33% less than in the first quarter of 2011, according to data of ALB more

31 aug 2011

Bad loans are still pounding the domestic subsidiaries of Greek groups Alpha Bank and EFF Eurobank, with the two setting up loan loss provisions of above EUR80 million in the first six months. more

30 aug 2011

Sales of state secured loans sped up mortgage loan growth in July, with the volume of funding for buying a home climbing by the equivalent of EUR100 million last month. more

29 aug 2011

Only two of the top ten insurers generated rising turnovers in the first half of the year, while the revenue of another three insurers posted two-digit declines. more

25 aug 2011

After two years of decline, private lending has been on the rise for the last four months, with companies borrowing most new money. more

25 aug 2011

A faster recovery of lending is not possible on the short term, analysts believe, given the recent weeks’ international market turmoil, likely to lead to rising borrowing costs. more

24 aug 2011

Clients who want to withdraw more than EUR5,000 from their current accounts need to notify the bank at least one day ahead and in some cases they even need to go to the bank to file a written more

23 aug 2011

Private pension funds and insurers’ unit-linked schemes have felt the full blow of capital markets’ decline in the past month, as millions of euros vanished from clients’ accounts. more

5 aug 2011

Groupama, the fourth largest insurer, in the first six months underwrote gross premiums worth EUR84 million, down 12% from a year ago, on weak car policy sales. more

4 aug 2011

The increase in the cost of euro funding and the decline in interests on the Bucharest monetary market have not persuaded Romanians to borrow in lei instead of euros, so bankers have managed to sell more

3 aug 2011

Past due amounts on Swiss franc-denominated loans are making loan holders nervous, with the Swiss franc expected to reach parity with the euro this autumn. more

3 aug 2011

Bankers raised consumer loan interest rates in June, after having displayed one-digit nominal interest rates in spring, even though they are still complaining about a lack of clients. The explanation: more

28 iul 2011

Almost 2,200 homes and plots of land, as well as retail space and factories, are currently for sale on the websites of the largest local banks. The number of ads is more than double compared with the more

28 iul 2011

Companies affiliated to banks and to leasing companies control the insurance brokerage market, as access to an extensive territorial network and exclusivity over hundreds of thousands of leasing more

27 iul 2011

Almost one fifth of loans taken out by individuals and by companies in counties such as Bistrita, Galati and Ialomita are overdue, double the national average. more

26 iul 2011

Austrian-held Raiffeisen on Monday resumed sales of mortgage loans through the “First Home” scheme. It has a EUR115 million allotted cap for the scheme. more

21 iul 2011

The number of clients coming to the bank to apply for refinancing or a new loan has increased visibly in recent months, considering property prices have stabilized and interest rates have fallen more

20 iul 2011

Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market. more

20 iul 2011

Banca Comerciala Romana (BCR), Romania’s largest bank by assets, has raised mortgage loan interest rates after a promotional campaign that lasted for one month and a half expired at the end of last more

19 iul 2011

Austrian-owned Volksbank, which ranks eighth by assets in Romania, wants to gradually resume retail lending, frozen over the past two years, but its officials say it will focus more on transactional more

13 iul 2011

After making acquisition after acquisition in recent years, so that it came to own four major Romanian brands it was feeling comfortable with, Austria’s Vienna Insurance Group (VIG) made the more

13 iul 2011

Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimates more

7 iul 2011

British group Aviva is looking for a buyer for its Romanian operations, after the country was left out of the list of strategic markets the insurer intends to focus on, market sources say. more

5 iul 2011

Alico (formerly AIG Life), the third leading life insurance company in Romania, set out to become number one on this market in five years at most. more