Reporter
Ciprian Botea
- Fields
- Banks-Insurance, Capital Market, Real Estate
- Writing for ZF since
- 2011
- Articles
- 114
Consumer Finance Company Cetelem Sales Up 25% In Nine Months
Cetelem, the largest consumer finance company on the market, controlled by French group BNP Paribas, sold 25% more new loans in the first nine months of 2011 compared with the corresponding...
Romanian Firm Buys Most Expensive Insurance Policy Sold Locally To Cover Damages Of EUR5B
The most expensive insurance policy brokered by Marsh, one of the major players on the Romanian insurance brokerage market, covers damages of EUR5 billion. Data show this is the most expensi...
US Insurer Metlife Looks At Aviva’s Romanian Subsidiary
American giant MetLife, which owns Alico (formerly AIG Life) on the Romanian market, wants to buy several companies in Central and Eastern Europe in order to strengthen its regional position...
Life Insurance Policies Worth A Record RON233M Canceled In 1H
Tens of thousands of clients have continued to cancel life insurance policies this year, with the value of policies redeemed early climbing 20% in the first six months, to 233 million lei (E...
Banks Tighten Fight Over Clients’ Euro Savings
Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are for...
Banks’ Return To Losses Brings Solvency Down To 13.4%
The fact that the banking sector reported losses again in the third quarter, added with the record-high 23% ratio of non-performing loans recorded in September, puts pressure on bank capital...
BCR: Loans Restructured Three Or Four Times Triggered 3Q Loss
BCR, the largest bank on the Romanian market by assets, wrote off as losses several big-value loans granted to companies with financial problems, which were restructured several times during...
Bank-Owned Firms Dominate Leasing Market
The ranking of the largest financial leasing companies did not radically change in the first half of this year, as the same companies dominated a market that is only now showing the first si...
Insurers Pay Hundreds Of Thousands Of Euros In Damages To Car Accident Victims
The cases in which insurers pay damages of several hundred thousand euros to victims of car accidents are increasingly frequent as Romanians become aware of the fact that a simple auto liabi...
Retail Lending Frozen Again As Most Money Goes To Companies
Private lending was up in September, solely driven by corporate loans, because consumers were again afraid to take on debt.
About 40,000 Debtors Refinanced Loans With A Different Bank In January-May
Almost 40,000 debtors refinanced their loans with a different bank than the one that sold them the loan in the first five months of 2011, triple compared with the similar interval a year ago...
Banks Caught Off-Guard By International Turmoil As Loans Exceed Deposits
Turmoil on the international financial market has caught local banks off-guard, after they grew too reliant on funding from parent banks and as such let the imbalance between loans granted a...