Reporter
Ciprian Botea
- Fields
- Banks-Insurance, Capital Market, Real Estate
- Writing for ZF since
- 2011
- Articles
- 114
EximBank To Open Two New Units In 2013
Romanian state-run lender EximBank Wednesday announced plans to open two new units by the end of 2013, taking advantage of a favorable climate in the local market.
Capital Increases Of EUR380M For Banks, Insurers In First Four Months Of 2012
Foreign banks and insurers have contributed more than EUR380 million to the capital of their local subsidiaries since the beginning of this year to offset the losses caused by the sales decl...
Greek Banks Manage To Draw In New Deposits Of EUR37M In 1Q
The calming of tensions over the Greek debt crisis in the first quarter of the year allowed Greek banks to retain their stocks of deposits.
First Banking Merger Since Start Of Crisis: Intesa Absorbs CR Firenze
The current managers of Intesa Sanpaolo will run the new bank, and the terms of the managers and of the members of the supervisory board of CR Firenze will end after the merger becomes effec...
VIG Lays Off A Fifth Of Romanian Employees In Two Years
Austrian insurer Vienna Insurance Group (VIG), which controls a quarter of the Romanian insurance market, cut by 22% its number of employees on the local market in the past two years, and th...
Deposit Withdrawn From Greek-Held Banks Go To Major Local Banks
Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large n...
Leumi Turns Profitable In 1Q After Two-Year Restructuring Process
Israeli bank Leumi has completed its two-year restructuring process, which cut 10% of its personnel and almost halved its territorial network; the bank said it wants to stay in Romania and f...
Higher Profits From Margins As Banks Hike Price Of Consumer Loans Despite Borrowing Cheaper
Leu-denominated loans for individuals became more expensive in February after three months of decline in a row, because of bankers seeking to boost revenue even though they are paying less t...
EUR84M Worth Of Life Insurance Contracts Cancelled By Policyholders Last Year
Life insurance companies lost several tens of thousands of accounts last year, as they were closed by customers who needed the money after seeing their income shrink because of the difficult...
Leasing Market Rebounded To EUR1.3B In 2011
The Romanian leasing market rose 15% last year, when new financing hit EUR1.3 billion, but it was still significantly down from the almost EUR5 billion peak registered in 2007-2008, accordin...
Mortgage Loans In Lei Twice As Expensive As Those In Czech Crowns Or Polish Zloty
Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank in...
MetLife Secures EUR50M Assets, 250,000 Clients In Aviva Deal
The approximately EUR50 million in assets and the 250,000 customer portfolio were the numbers that convinced US-based MetLife to buy the local business of British insurer Aviva, for which se...