Reporter
Ciprian Botea
- Fields
- Banks-Insurance, Capital Market, Real Estate
- Writing for ZF since
- 2011
- Articles
- 114
Major Merger On Insurance Market: Omniasig’s Name Prevails Over BCR Asigurari
The company resulting from the merger of Omniasig and BCR Asigurari, which will become the largest insurer on the Romanian market, will take the Omniasig name because the majority shareholde...
AXA Announces Ambitious Plans For Romanian Market: 100 Offices And 2,000 Consultants
A year after entering the Romanian market via a EUR5 million acquisition, French insurance giant AXA announces the first details of its expansion plans.
Insurers Pay Hundreds Of Thousands Of Euros To Victims Of Road Accidents
Hundreds of thousands of euros in claims settled for car accidents tend to become the norm, as Romanians become aware that a simple RCA policy (auto liability insurance) does not cover only...
Nearly EUR3 Billion Erased From Portfolios Of NBFIs Since The Crisis Started
Leasing companies and the other Non-bank Financial Institutions (NBFIs) have lost several tens of thousands of clients since the beginning of the crisis, with loan portfolios cut by a third.
MPs Discuss On Tuesday Appointment Of New Insurance Market Supervisor
Romanian MPs were to appoint a new head for insurance regulator CSA by June, when the current president’s mandate ended, but the decision could not be reached, for lack of quorum.
Five Romanian Companies Among Top 50 Insurers In Eastern Europe
Five insurance companies feature among the top 50 insurers in Central and Eastern Europe by gross premiums underwritten last year, with the cumulated value of the five companies’ business ex...
Will Bankers Cut Leu Loan Costs To Counter Restrictions On Forex Loans?
For a loan of EUR40,000 or the equivalent in lei, the difference between the monthly installment on a leu-denominated and a euro-denominated loan is of around EUR85. In 30 years, clients pay...
Swiss National Bank Makes EUR200M Gift To Franc Loan Holders
The Swiss central bank made an unexpected gift to the 50,000 of holders of Swiss franc loans in Romania, after its announcement that it will do everything in its power to depreciate the fran...
Revolution In Insurance: The Impact Of Agent Certification Norms On The Market
Each certified insurance agent will have a card including information about attended courses and qualification. Agents must go through a certification test every three years.
Generali Wants 10% Of Romanian Insurance Market
Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acqu...
Bankers Are Still Clinging On To Margins
Bankers are still fattening revenue from interest margins, the spread between interest rates charged for loans and those paid for deposits, despite recent messages of a fiercer battle for cl...
Bad Loans Hurt Alpha And Bancpost Portfolios
Bad loans are still pounding the domestic subsidiaries of Greek groups Alpha Bank and EFF Eurobank, with the two setting up loan loss provisions of above EUR80 million in the first six month...