16 oct 2012

The market of financial leasing returned to a decline in the first six months of this year because of lower financing for equipment and real estate transactions. more

12 oct 2012

The merger of Greek-held Bancpost and Banca Romaneasca as part of an international transaction will create the 7th largest bank in Romania after the shareholders of the two banks, National Bank of more

11 oct 2012

Lending to individuals remains frozen despite the promotional offers, so now banks are betting on loans in lei to companies. more

5 oct 2012

The exposure of the European banks to Romanian government paper dropped by EUR190 million in the first half, because of the pressure created by the need for capital and Romanian political scene more

4 oct 2012

The Romanian insurance market is getting overcrowded because 40 companies are vying over less and less money. Under the circumstances, consolidation by mergers and acquisitions becomes an irreversible more

1 oct 2012

The top ten insurers on the market ceded 730 million lei (EUR161 million) in premiums to reinsurers in January-June, up 30% on the year-ago period, according to the data published by the insurers’ more

26 sep 2012

Official debt collectors are shifting focus from consumer loans and bills to the market of troubled mortgage loans, which are a bigger business and come with a much higher recovery. They are willing more

25 sep 2012

Demand for loans from individual customers has shrunk this year as customers only sought mortgage loans and credit cards, while consumer loans remained in negative territory. more

24 sep 2012

Large insurance companies in Romania have changed their strategies during the crisis to slow down the decline in turnover and the new economic context has forced eight of the top ten insurers to more

20 sep 2012

The Bucharest Court of Appeals has suspended, at the request of Astra, the enforcement of an order issued in August by the Insurance Supervisory Commission (CSA) forcing home owners to buy a mandatory more

19 sep 2012

Major insurer Astra has recruited the head of Euroins, Alin Bucsa, as the company’s general manager to replace Alexander Adamescu, who had run the company in the past nine months. more

18 sep 2012

Tensions calmed down on the Bucharest forex market in August, with the trading volume falling to a four-month low, at EUR33.7 billion, 15% lower than the monthly average for May-July. more

16 sep 2012

Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structure of more

13 sep 2012

Bankers have lost their patience with the customers falling behind with their payments and are trying to speed up recovery of the losses by putting thousands of houses and apartments foreclosed across more

11 sep 2012

About 72,000 Romanians have borrowed more than EUR2.8 billion to buy a home through the “First Home” scheme in the last three years, but the money was mostly spent on old apartments, according to more

7 sep 2012

BCR and BRD, Romania’s leading banks, got an additional EUR105 million to their guarantee cap for the sale of mortgage loans via the government-backed “First Home” scheme. more

30 aug 2012

The decline of credit sales and implicitly of interest rate income are forcing banks to identify new sources of income, which led to the emergence of fees that are difficult to justify, such as more

29 aug 2012

Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branches and more

22 aug 2012

Insurance sales stabilized in the first half of this year, but some major insurers continue to feel the effects of the crisis and to lose ground to smaller companies or to those who promoted mandatory more

21 aug 2012

Romanians paid 10.4 billion lei (almost EUR2.4 billion) worth of shopping by card in the first half, up 22% year-on-year. One fifth of this amount was spent in shops abroad, according to Romania’s more

2 aug 2012

The difficult time the leu has had over the last few weeks is not over yet despite expectations of stabilization after the vote on the referendum to impeach the president. more

19 iul 2012

How much would Mark Zuckerberg have paid, had he taken out a loan in Romania? Twice as much as he is due to pay for his loan in the US. more

11 iul 2012

Insurance giant Eureko plans to leave Romania early next year after having invested tens of millions of euros in its local subsidiary to offset its losses year after year, sources in the industry say. more

10 iul 2012

Credit Agricole, the second largest French banking group by assets, will replace the Emporiki logo on all the 29 branches of Emporiki Bank Romania by the end of this week. This is part of the process more

9 iul 2012

Large insurers have fully felt the impact on the crisis over the last few years and many of them posted two-digit decline of revenue and lost market share to smaller players or to those that more