clients
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13,000 Romanians hold 4bn euros' worth of deposits
Each of them with at least 300,000 euros on average in at least one bank, these are the clients bankers, as well as luxury industry companies, are fighting for.
Clients start suing banks to have their costs cut
Several hundred clients of Volksbank met on Tuesday evening to launch a class action against the bank, asking for the elimination of some contract fees and clauses. BCR clients are also prep...
Erste AM changes strategy and goes after institutional clients for mutual funds
The biggest fund manager, Erste Asset Management, handling assets worth over 2.2bn RON (518m euros), is tailoring its strategy to the new market conditions, increasingly shifting its focus t...
Banks keep clients captive with high interest loans, businesspeople say
The four million clients with outstanding loans are held captive with the high early repayment fees and thus forced to pay very high interests, which banks used to cover their own costs and...
Interest rate resetting for old loans triggers wars between banks and clients
Dozens of clients with ongoing loans are now in conflict with their banks, citing too high margins compared with the reference indexes on the monetary markets - Euribor for euros and Robor f...
UPC: Some clients can no longer afford cable TV even at 18 RON per month
Residents of smaller cities, which are experiencing a steep slide in purchasing power amid rising unemployment, have started slashing inclusively expenses related to services seen as indispe...
Drugstores make over 25m euros from baby food, but lost battle for new clients
Sales of baby food through drugstores top 25m euros a year, but in recent years this channel has started losing ground to large modern retail stores, reveals a ZF survey based on data from M...
Rouf leaves behind a rise in Aviva's insurance business and 370,000 private pension clients
Shah Rouf, the Indian-born Briton who for the last three years has been at the helm of Romanian operations of the Aviva group, is to leave next month for a CEO position in Sri Lanka. He leav...
Five-star hotels cancel some of their New Year's Eve parties for lack of clients
The biggest five-star hotel in Bucharest, JW Marriott, has decided at the last minute to cancel New Year's Eve parties in two restaurants out of a total of five announced locations amid a la...