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Start of real competition among banks: clients will be able to easily move their account from one bank to another
Individuals will be able to transfer a RON-denominated current account more easily from one bank to another, as well as the money in the account and the contracted payment instructions, only by lodging an application with the new bank, without needing to go to...
Top 4 insurance players account for 60% of market's profit
The insurance market recorded a total net profit of 32.9 million euros in the first half of the year, while losses amounted to 37.2 million euros. Four insurance companies - Allianz-Tiriac,...
Imports account for 70% of ceramic tiles market
The local market of ceramic tiles will be dominated this year by imports from Italy, Spain and China, which will account for 70% of total sales, compared with 60-65% last year, amid a lack o...
Dairy imports account for only 5% overall consumption
Nonetheless, the weight of imports on the overall market is not higher than 5%, despite importers' expectations to go beyond this mark. "Finished dairy products boomed in 2007 in the wake of...
BCR and BRD account for 65% of overall banking system's profit
The net profit of the overall banking system amounted to around 265 million euros in the first quarter of the year, as market leaders BCR, and BRD accounted for 65% of this figure, despite t...
BCR hopes to double current account sales
Banca Commerciala Romana (Romanian Commercial Bank - BCR) estimates it will soon sell 2,000 current account packages per day, i.e. double the current level, according to Martin Skopek, retai...
Banks account for less than 10% of mandatory pensions
The 7 banks which have had a direct involvement in the management of mandatory private pensions (pillar II) together have a less than 10% market share, after the first 3 months of selling su...
7 banks account for only 9% of mandatory pension market
Two months after the start of the campaign to sell pensions, the seven mandatory private pension fund management companies (pillar II) established by banks total just 9.2% of the number of c...
Current account deficit doubles in April
The current account deficit, which measures net foreign currency outflows, doubled in April to 1.39 billion euros, according to data published on Friday by the National Bank. Overall, in the...