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Non-Residents Withdrew EUR800M Deposits From Romanian Banks In One Year
Banks-Insurance

Non-Residents Withdrew EUR800M Deposits From Romanian Banks In One Year

Non-residents, mostly financial groups, had EUR5.7 billion placed in medium and long-term deposits at Romanian banks at the end of January, about EUR800 million less than in the same period...

Loredana Frățilă-Cristescu · 18.03.2015 · 11:47 · 1 min
After Rate Cut, Isarescu Tells Again Bankers To Go Look For Customers
Banks-Insurance

After Rate Cut, Isarescu Tells Again Bankers To Go Look For Customers

Romania’s central bank on Tuesday cut the key rate again, to 2.75%, in another attempt to encourage lending. Governor Mugur Isarescu urges banks to get close to their customers and not expec...

Loredana Frățilă-Cristescu · 05.11.2014 · 00:00 · 2 min
Corporate Bank Deposits Up To RON84B Despite Low Interest
Banks-Insurance

Corporate Bank Deposits Up To RON84B Despite Low Interest

Companies keep 84 billion lei (EUR19 billion) in banks, having increased their deposits by 8% in the past year, even though interest rates are below 2%, which clearly shows how little appeti...

Loredana Frățilă-Cristescu · 09.10.2014 · 00:00 · 2 min
Deposits Almost Equal Loans In Romania’s Banking System
Banks-Insurance

Deposits Almost Equal Loans In Romania’s Banking System

The loan/deposit ratio in the banking system came close to a balance in November 2013, standing at 105% compared with 137% in November 2008.

Loredana Frățilă-Cristescu · 21.01.2014 · 00:00 · 1 min
Romanian Banks May Be Required To Specify Who Guarantees Savings Deposits
Banks-Insurance

Romanian Banks May Be Required To Specify Who Guarantees Savings Deposits

Romanian banks will be required to specify in their savings account offers the entity that guarantees the deposits to avoid any possible misunderstanding, central bank governor Mugur Isaresc...

Ioana Tudor · 28.03.2013 · 19:52 · 1 min
Bancpost: We Don’t Want To Pay Higher Interests On Deposits Than Non-Greek Banks
Banks-Insurance

Bancpost: We Don’t Want To Pay Higher Interests On Deposits Than Non-Greek Banks

Bancpost, the subsidiary of Greek bank Eurobank, will try to take advantage of the proven stability of deposits attracted and push interest rates offered by Greek-held banks down, says Antho...

Oana Gavrila · 01.02.2013 · 08:30 · 3 min
Gap Between Depositors Widens
Banks-Insurance

Gap Between Depositors Widens

The household deposits in Romanian banks increased by 27 billion lei (EUR6.04 billion) over the past three years to RON121 billion at the end of September.

Tudor Ioana Raluca · 19.12.2012 · 00:00 · 2 min
Major Insurers Switch To Negative Yields On Decline Of Deposit Interest Rates
Banks-Insurance

Major Insurers Switch To Negative Yields On Decline Of Deposit Interest Rates

The top ten insurers last year had negative yields for the first time after 2008, with problems at the top of the ranking indicating the difficult situation faced by this crisis-stricken ind...

Manuela Panescu · 21.09.2012 · 00:00 · 3 min
Banks-Insurance

Firms Liquidate Deposits Above EUR100,000 From Banks Because Of Lower Interest Rate

Almost 1,000 companies with bank deposits above 100,000 liquidated their deposits, while the number of depositors holding less than that amount fell by 7,800, according to the bank deposit g...

Radu Bostan · 21.05.2012 · 00:00 · 4 min