Reporter
Ciprian Botea
- Fields
- Banks-Insurance, Capital Market, Real Estate
- Writing for ZF since
- 2011
- Articles
- 114
Banks Have Several Days Left To Come Up With Offers To Comply With New Lending Rules
Bankers did not rush to adjust their offers in line with the lending rules enacted by the central bank last fall and tried to make the most of the ninety-day time they had been given to draf...
Private Pension Fund Yields Lower Than Bank Deposit Rates
Clients of private pension funds would have earned twice as much if they had they placed their money in banks.
Banks Promote Loans In Lei For Lack Of A Better Option
Threatened with the loss of foreign funding, bankers have decided to launch more aggressive offers for loans in lei to persuade customers to borrow in local currency after the central bank (...
Marfin Bank Romania Posts EUR4.3M Net Profit In First Nine Months
Marfin Bank, controlled by the Cypriot group of the same name, reported a net profit of EUR4.3 million in the first nine months, under international financial reporting standards (IFRS). Thi...
Home Construction In Europe: A Priority For Czech, Hungarian Authorities, Mere Promises In Romania
Although Bucharest officials are preparing to eliminate subsidies granted for the construction of mortgage homes, countries in the region continue to conduct similar programs, seeking to rev...
Only Half Of The EUR50B Loans Taken From Banks Are Paid On Time
The relaxed lending terms in the past and the decline in the customers’ incomes during the crisis are now putting pressure on the banks’ portfolios, and bankers are seeing fewer and fewer cu...
Over EUR65M Worth Of Life Insurance Policies Cancelled In Nine Months
Life insurance policyholders redeemed 287 million lei (EUR65.9 million) worth of policies in the first nine months of the year, down 5% from the same time of 2010, show insurance regulator C...
Voluntary Home Insurance Market Surged In 3Q, Mandatory Segment Lags Behind
Insurance companies in Romania issued about two million home insurance policies in the third quarter of the year. The mandatory home insurance segment shrank progressively over the past mont...
Alpha And Bancpost Prepare For Merger
Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower...
Greek Banks Lost EUR300M From Deposits In Third Quarter
The local subsidiaries of Greek financial groups lost deposits with a cumulated value of EUR300 million in the third quarter, despite the fact that they pay the most generous interests on th...
Many Top Local Insurers Lost Market Share To Second-Ranking Players In First 9 Months
Top insurers in Romania continued to feel the effects of the crisis, and many have lost market share to second-ranking players and companies that have promoted their products more aggressive...
Foreign Bank Subsidiaries Fight Over Romanians’ Euro Savings
Romanians’ euro savings have become more important than ever for bankers who fear they will lose support from their parent banks, so they have raised interests towards 5% a year. Ailing bank...