Reporter
Ciprian Botea
- Fields
- Banks-Insurance, Capital Market, Real Estate
- Writing for ZF since
- 2011
- Articles
- 114
Piraeus Complains About Placing Excess Liquidity Last Year
Piraeus Bank, the local subsidiary of the Greek bank by the same name, managed a higher volume of liquidity last year thanks to the monetary policy relaxation measures adopted by the Nationa...
Leader On Mandatory Car Insurance Misses First Five Spots On CASCO Segment
Insurer Astra, controlled by businessman Dan Adamescu, is Romanian market's leader on revenue from underwritten premiums on the home insurance and mandatory car insurance RCA segments, but i...
Banks Have To Be Consultants, Not Just Sales Channel For Insurance
Sales of life insurance through banks can help develop the bancassurance segment only if banks become more than mere distribution channels and prepare their employees as consultants for clie...
Euroins, Carpatica And Astra Got Highest Number Of Complaints In First Nine Months
Euroins, Carpatica Asigurari and Astra had the highest number of dissatisfied customers, with complaints sent to the Insurance Supervisory Commission (CSA) exceeding 3,000 in the first nine...
Companies Move Money To Foreign Bank Branches
Companies increased their deposits in foreign currency held in foreign bank branches by the equivalent of 2.8 billion lei (some EUR660 million) in the third quarter, while the institutions o...
Bank Debtor Profile: Bucharest Male, 30-34, Holder Of A Leu Loan
A typical debtor to a bank is male, aged 30 to 34 years, lives in Bucharest and holds a loan in lei, according to data from the Credit Bureau, the institution that collections information on...
Bad Debts Provisions Surge; Bankers Put Aside RON740M In July
Romanian banks booked provisions worth 739 million lei (EUR175 million) in July, up 16% from a month earlier, a sign that downside pressure on loan portfolio remains high and economic recove...
Business Vs BNR: Lower Rates Needed To Boost Consumption
Lower interest rates would allow the government to borrow cheaper and implicitly help the economy, but the Romanian central bank (BNR) is more preoccupied with protecting the leu rather than...
Introduction Of Mandatory Home Policies Causes Surge Of Voluntary Insurance
Around 3 million Romanians have their homes insured through a voluntary policy, 58% more than in mid-last year, when the mandatory home insurance scheme kicked off, while mandatory policies...
10,000 Romanians Skipped Loan Payments In August To Go On Vacation
Over 10,000 Romanians joined the ranks of those with overdue bank loans in August, after the number of people falling behind with their payments had gradually gone down over three months.
Debt Collector Kruk: Smaller Banks Sell Troubled Loans To Focus On New Loan Sales
Second tier banks, which used to deal with non-performing loans on their own, are now selling their receivables to specialized debt collectors so as to be able to move employees handling col...
International Turmoil Drives Forex Transactions To Over EUR38B In September
The volumes traded on the Bucharest forex market exceeded EUR38 billion in September, the highest level since January 2009, because of the high volatility of the leu caused by the turmoil on...