4 iul 2019

The turmoil on the local banking market has lessened, and bankers are optimistic about its future trend and expect growth in business, lower interests and inflation and a stability of the leu against more

3 iul 2019

The bank of the future will probably be a mix of traditional and digital, the face-to-face interaction of bankers with customers will go hand in hand with artificial intelligence. Competition with more

25 iun 2019

BRD, Banca Transilvania and BCR are the top profit makers among banks in Romania in 2018. The ten most profitable banks also include two that are not among the top ten by assets: Eximbank and more

21 iun 2019

Sky Tower Building, the company that manages the Sky Tower office building near the Promenada Mall in Bucharest, posted profit in 2018 for the first time since opening. The revenue rose 8% to almost more

20 iun 2019

City Insurance gained even more ground in the first quarter of 2019, ending it with 21% market share. The company held by businessman Dan Odobescu increased its revenue by 42% to 448 million lei more

31 mai 2019

Allianz-Tiriac, the second largest insurer in Romania, announced a 2% increase in the gross written premiums in the first quarter of 2019, below the 7% growth rate of the market in the same quarter. more

24 mai 2019

Germany’s Allianz group, one of the largest insurers and money managers in Europe, with EUR900 billion assets (four times Romania’s GDP) is ready to invest more in Romania even in infrastructure more

12 apr 2019

About 75% of the sales of comprehensive car insurance on the local market come from four major companies – Omniasig, Alllianz-Tiriac, Groupama and Generali. Total gross written premiums of the four more

25 mar 2019

The ranking of the companies selling mandatory auto liability insurance policies (RCA) has undergone significant changes in the past decade, with many of those with hefty market share in 2009 now a more

15 feb 2019

The foreign investors who own businesses on the Romanian financial market contributed about EUR274 million to their capital last year, almost double the 2017 level, ZF has found from Trade Register more

23 nov 2018

Romania ranks at the bottom of the European Union by share of loans granted by banks to consumers and companies in the GDP, considering the funding to the private sector stood at merely 51% of GDP more

4 oct 2018

Competition at the top of the insurance brokerage market became fiercer in the first half, with Safety Broker narrowing the gap to leader US-held Marsh, which took the top spot at the beginning of more

27 sep 2018

Watford Insurance, the latest actor to enter Romania’s auto liability insurance (RCA) market, set out to reach about 1% to 1.5% market share or about 40 million to 55 million lei (EUR8.6 million to more

23 aug 2018

Romanian consumers took out 10.8 billion lei (EUR2.32 billion) worth of leu loans in the first half, which is a 12-year high, Romania’s central bank data show. The new loans Romanians took out from more

21 aug 2018

Banca Transilvania beat its biggest rival, BCR, in the first half of the year, and became the largest and most profitable banking group in Romania, reaping the rewards of its organic and more

16 aug 2018

The big banks in Romania reaped the rewards of the rise in inflation and interbank interests in the first half, with most of them posting spectacular growth in net profit. As the risk costs shrank, more

12 iul 2018

The first quarter of 2018 witnessed surprising trends in terms of sales of insurers specializing in auto liability insurance (RCA), as companies like City Insurance and Euroins posted more than 20% more

10 iul 2018

Allianz-Tiriac regained the leading position on the local insurance market in the first quarter, a year after being dislodged by City Insurance, the largest provider of auto liability insurance in more

6 iul 2018

Local banks are not interested in buying other banks, which have market shares of about 1%. The chances of a big bank coming to Romania are slim, but private equity firms can come with a new more

5 iul 2018

Too complicated flows of operations, excessive red tape, superficial approach of potential customers, are the main weaknesses of the local banks, the participants to the first day of the ZF Bankers more

4 iul 2018

Loans from banks or non-bank financial institutions are the least likely sources of funding local companies consider, which prefer to either reinvest their profit, sell assets or turn to loans from more

27 iun 2018

A number of 1,156 Romanian companies, mostly corporations, have EUR8.5 billion worth of medium and long-term foreign loans, secured from banks and international institutions like the European more

25 iun 2018

Banks rejected 149 million lei (EUR32 million) worth of cheques and promissory notes in May, 30% more than in April, Romania’s central bank data show. more

15 iun 2018

UniCredit Leasing, the largest finance leasing company in Romania, posted 105.3 million lei (EUR23 million) net profit last year, about 80% higher than in 2016, Finance Ministry data show. more

8 iun 2018

The partnership Generali and UniCredit signed for the Central and Eastern Europe will allow the insurer to sell its policies via the bank’s branches and will make the greatest impact in Romania and more