04.25.2012

Greek banks were unable to retain their customers worried about the potential spillover of the crisis abroad and lost more than EUR900 million in deposits last year, while banks with large networks more

04.12.2012

Romanians’ appetite for long-term savings has increased spectacularly lately thanks to the more generous offers from banks attempting to balance their portfolios. more

03.07.2012

Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits have more

02.22.2012

Deposits in Swiss francs generated gains of almost 70% for the customers who bet on this currency in 2008, when a franc was traded for an all-time low of 2.2 lei, but bankers say few customers bet on more

02.07.2012

Romanian central bank governor Mugur Isarescu Tuesday warned commercial lenders that their policy to increase interest rates on deposit facilities in a move to reduce their dependency on foreign more

01.24.2012

Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis. more

01.24.2012

Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, the bank more

12.17.2011

Bankers are having a tough time digesting the economic crisis, which is now entering its fourth year, and this is clearly shown in the results. After record profits in 2008, the peak year, of more more

12.07.2011

In a bid to compensate for the loss of support from parent banks, local bankers try to attract as many resources as possible from companies, paying interest of up to 4% on euro deposits. more

12.01.2011

The local subsidiaries of Greek financial groups lost deposits with a cumulated value of EUR300 million in the third quarter, despite the fact that they pay the most generous interests on the market. more

11.25.2011

The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstruction and more

11.23.2011

Romanians’ euro savings have become more important than ever for bankers who fear they will lose support from their parent banks, so they have raised interests towards 5% a year. Ailing banks pay on more

11.18.2011

A higher appetite for saving money rather than borrowing it, more inquiries about leu loans, the lack of prospects for cheaper loans in general and the decline of the consumer lending market because more

11.08.2011

Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are forced to more

10.26.2011

Private lending was up in September, solely driven by corporate loans, because consumers were again afraid to take on debt. more

10.25.2011

Turmoil on the international financial market has caught local banks off-guard, after they grew too reliant on funding from parent banks and as such let the imbalance between loans granted and more

10.20.2011

Companies increased their deposits in foreign currency held in foreign bank branches by the equivalent of 2.8 billion lei (some EUR660 million) in the third quarter, while the institutions operating more

10.05.2011

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 getting more

09.21.2011

The slow pace of lending and a higher interest in saving money turned Romanians into net creditors of banks, a position they have kept since last December. The gap between deposits and debts to the more

09.11.2011

The average value of bank deposits held by Romanians is only EUR1,193, 60% lower than that of Bulgarians, more than twice lower than those of Hungarians or Poles; in Germany, the average value of a more

08.26.2011

Raiffeisen Bank, the fourth largest bank by assets in mid-2011, has granted loans worth around EUR600 million over the past year, managing to expand its portfolio by 23% from mid-2010, to EUR3.3 more

08.17.2011

The OTP Garantis closed-end fund, managed by OTP Asset Management, the first investment fund in Romania to have guaranteed the initially placed equity, has protected investors against plummeting more

07.11.2011

The thirst for liquidity of small and mid-sized banks has led to the re-emergence on the market of offers of leu-denominated deposits with interests of 7.5% to 7.75% a year, even though the major more

07.07.2011

Bankers placed an average of 2 billion lei (equivalent to half a billion euros) in each working day in June in the overnight deposit facility of the central bank (BNR), for which they get an interest more

06.27.2011

Companies increased their foreign currency-denominated deposits with foreign banks’ branches by 1.6 billion lei (EUR0.38 billion) in the first quarter, while most lenders operating with Romanian more