Reporter
Ciprian Botea
- Fields
- Banks-Insurance, Capital Market, Real Estate
- Writing for ZF since
- 2011
- Articles
- 114
One Fifth Of Loans In Bistrita And Galati Are Overdue
Almost one fifth of loans taken out by individuals and by companies in counties such as Bistrita, Galati and Ialomita are overdue, double the national average.
Raiffeisen Plans To Grant EUR115m Worth Of First Home 4 Loans
Austrian-held Raiffeisen on Monday resumed sales of mortgage loans through the “First Home” scheme. It has a EUR115 million allotted cap for the scheme.
BCR Notes Signs Of A Lending Demand Thaw
The number of clients coming to the bank to apply for refinancing or a new loan has increased visibly in recent months, considering property prices have stabilized and interest rates have fa...
BCR Ends Mortgage Promotion, Signals Time For More Expensive Loans
Banca Comerciala Romana (BCR), Romania’s largest bank by assets, has raised mortgage loan interest rates after a promotional campaign that lasted for one month and a half expired at the end...
Austrian Banks Have Highest Exposure To Romania
Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market.
Volksbank Head: We Won’t Resume Loan Sales Aggressively
Austrian-owned Volksbank, which ranks eighth by assets in Romania, wants to gradually resume retail lending, frozen over the past two years, but its officials say it will focus more on trans...
Coman, ING: Life Insurance Back To Two-Digit Growth Next Year
Life insurance will not grow by more than 5% this year, but will revert to two-digit increases starting 2012, as the economy is expected to rebound and individuals’ incomes to go up, estimat...
VIG Plans Omniasig-BCR Asigurari Merger To Create Romania's Largest Insurer
After making acquisition after acquisition in recent years, so that it came to own four major Romanian brands it was feeling comfortable with, Austria’s Vienna Insurance Group (VIG) made the...
Aviva Thinking Of Leaving Romania
British group Aviva is looking for a buyer for its Romanian operations, after the country was left out of the list of strategic markets the insurer intends to focus on, market sources say.
Alico Aims To Become Life Insurance Market Leader In Five Years
Alico (formerly AIG Life), the third leading life insurance company in Romania, set out to become number one on this market in five years at most.
Almost 6 Million Homeowners Risk Fines Unless They Insure Homes By July 15
Romanians who have not insured their homes by now have until July 15 to buy a home insurance policy or may be fined 100 lei (about EUR24) to RON500 lei.
Good News For Bankers: Private Lending Is Thawing
May brought the fastest monthly advance of private lending in the past year, 1.5%, showing that bankers are successful in finding more clients to sell loans to.