Reporter
Ciprian Botea
- Fields
- Banks-Insurance, Capital Market, Real Estate
- Writing for ZF since
- 2011
- Articles
- 114
Loan Demand Slows Down In September
Bankers waiting for clients to buy loans started the autumn on the wrong foot as demand fell unexpectedly in September after it stabilized in the last six months.
Owners Who Insured Their Homes Fearing Fines Do Not Extend Contracts
Many homeowners who bought mandatory home insurance policies last year fearing fines did not renew their policies when contracts expired, so that the total number of insured people dropped b...
Overdue Loans In Bistrita And Suceava Head Toward 20% Of Total
Almost one fifth of loans taken out by consumers and companies in counties such as Bistrita, Suceava or Galati (northern and eastern Romania) are overdue, double compared to the national ave...
BCR Tempts Customers With 14% Interest For Two-Year Deposits
BCR is trying to persuade customers to keep their savings in lei in the bank for two years in exchange for a fixed 14% interest, instead of renewing their deposits every three months and get...
Bankers Keep Pressure On Old Clients With 6% Interest Margins
Bankers are keeping up pressure on clients holding loans as these are the main income source given the low sales of new loans.
Banks Refinanced Household Loans Worth Of EUR850 Million In One Year
About 160,000 Romanians took out loans to refinance or consolidate debt with a cumulated value of more than EUR850 million (3.6 billion lei) from June last year through May 2011. The number...
Romanians Took EUR2B Mortgage Loans Since Crisis Debut
Mortgage lending recorded another month of growth in August, with the overall volume of loans climbing at the equivalent of EUR7.3 billion, helped by funding available through the state-guar...
Policeman, Former Mayor, Leasing Company Manager And Electronics Engineer To Watch Over Insurance Market
The insurance market will be regulated by people who have barely had anything to do with this industry so far, which means politicians had the final say in the appointment of the new managem...
Dramatic Fall For Consumer Loans: 1.3 Million Contracts Erased In Crisis
Nearly 1.3 million consumer loans were removed from banks’ balance sheets without being replaced by new ones since the end of 2008, when the crisis crept in and until August this year, accor...
Banca Carpatica Prepares Return To Profit This Year
Banca Carpatica (BCC.RO) could turn a profit this year after the growth rate of provisions slowed down significantly and loan sales rose, but the bank’s management is also thinking about con...
Omniasig On Merger With BCR Asigurari: Our Strategy Is “No Winners And No Losers”
The employees of insurers Omniasig and BCR Asigurari, which are in the process of merging to create the largest insurance company on the Romanian market, with over EUR300 million in revenue,...
Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...