4 iul 2011

Credit cards, aggressively promoted by banks over the past two years, have been moved to the sidelines by bankers, who now are now relying on clients’ appetite for consumer loans or refinancing. more

30 iun 2011

Romanians who have not insured their homes by now have until July 15 to buy a home insurance policy or may be fined 100 lei (about EUR24) to RON500 lei. more

29 iun 2011

May brought the fastest monthly advance of private lending in the past year, 1.5%, showing that bankers are successful in finding more clients to sell loans to. more

28 iun 2011

Around 750,000 car owners are preparing to renew next month the auto liability insurance policies (RCA) they signed for a six-month period during the winter campaign, so that many insurers are further more

27 iun 2011

Cristian Constantinescu, one of the most respected insurance experts, endorsed by the ruling Democratic Liberal Party for the position of chairman of insurance regulator CSA this autumn, is more

27 iun 2011

Major insurers say the local industry is not quite appealing to foreigners at this moment given the negative figures it has recorded over recent years, even though insurance regulator CSA has recently more

23 iun 2011

Bank deposits of mandatory private pension funds (Pillar II) went up 61% in the last two months, to 367 million lei (EUR86 million) at the end of May, with fund managers preferring to place money at more

21 iun 2011

Greek-controlled banks have returned with generous offers for deposits, paying interests of over 8% a year on leu-denominated deposits and of 4% a year on euro deposits. This is the first visible sign more

21 iun 2011

The Parliament has a session scheduled for 4 pm today during which it will hear the future management of the Insurance Supervisory Commission (CSA), the institution regulating a EUR2 billion market. more

20 iun 2011

Clients with high incomes, wooed by bankers during the boom years with high foreign currency loans and installments as high as three quarters of their salaries at times, are now giving bankers the more

16 iun 2011

Banks are toughening the fight over loan refinancing, the only segment that seems to have a growth potential amid lingering market uncertainty. Back in the spring, however, they said this more

15 iun 2011

Romanian life insurance companies’ share could go up to 22% of the total insurance market in 2011. This is still lower than in neighboring countries. more

15 iun 2011

Competition on the retail segment is tightening as consumer sentiment improves and banks need to better divide their clients into segments and slash costs to be able to gain new business, believes more

14 iun 2011

“First Home” state-guaranteed mortgage loans remain an option only for clients who cannot afford to pay a 10% or 15% down-payment on the value of the purchase, since there is almost no price more

13 iun 2011

Individual clients could borrow more easily from banks this summer because lenders are set to ease access to both consumer and real estate loans, according to a survey conducted by the National Bank more

13 iun 2011

General insurers’ turnover is likely to slide by 5-10% this year, as April and May did not bring a sales rebound either, companies say. more

10 iun 2011

Bankers left 1.8 billion lei (EUR440 million) at the central bank BNR on each working day of May using the overnight deposit facility, to get rid of excess liquidity, as they did not manage to sell more

8 iun 2011

With insurance policies starting from just EUR12 per year, Alico needs half a million clients so its portfolio will generate sufficiently high revenues. more

7 iun 2011

The value of redeemed life insurance policies slid by only 2% in the first quarter compared with the same period of 2010, but they are still two to three-times higher than before the crisis. more

2 iun 2011

The ten biggest general insurers transferred premiums worth 358 million lei (around EUR85 million) to reinsurers in the first quarter of 2011, up 56% from a year ago. more

2 iun 2011

Holders of euro-denominated loans should prepare to pay higher installments because this month most banks will reset interests on loans whose cost is tied to the Euribor indicator, which has doubled more

24 mai 2011

The wave of promotional offers for consumer loans that bankers brought to the market this spring has failed to persuade clients to borrow more, with sales continuing to be below the volume of loan more