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Bogza, Bancpost: Credits could cheapen in a month or two

Banks have room to cut interests on RON deposits, and credits should become cheaper a month or two from the Romanian central bank's decision to relax the monetary policy, according to Mihai Bogza, chief executive of Bancpost.

Ziarul Financiar · 11.05.2009 · 16:57 · 1 min
ZF English

Credits granted by non-bank financial institutions climb to 9.2bn euros

The over 200 non-bank financial institutions (NBFI) in Romania - consumer credit companies, mortgage firms, leasing and factoring firms reached over 36.68 billion RON (9.2 billion euros) in...

Ziarul Financiar · 22.04.2009 · 22:24 · 1 min
ZF English

Broker Assess Finance seeks 800 sales staff

Assess Finance Group, set up a year ago by seven former managers in the BCR group, and which brokers insurance policies, credits, leasing services and private pensions, intends to hire 800 s...

Ziarul Financiar · 09.03.2009 · 16:31 · 1 min
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Creditcoop: We have not increased interest rate on credits

Cooperative bank Creditcoop, which grants consumer loans to the population via a 900-branch network, is one of the few lending institutions which says it has not operated interest rate incre...

Ziarul Financiar · 26.02.2009 · 18:32 · 1 min
ZF English

Euro rate cut not passed onto local customers, bankers say

The interests on euro have fallen on the international markets, but bankers say that we cannot yet expect credits to become cheaper on the domestic market, given that refinancing costs are h...

Liviu Chiru · 08.12.2008 · 19:20 · 2 min
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Savings exceed credits in just 4 Romanian counties

The inhabitants of four Romanian counties saved more than they borrowed, whilst in the rest of the country banks provided financing from external sources for contracted credits, indicates da...

Ziarul Financiar · 20.11.2008 · 16:36 · 1 min
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Autumn rekindles appetite for real estate credits

Mortgage credit continued to see a fast rise in September, after the leap made in August, especially amid a high demand for financing in foreign currencies.

Ziarul Financiar · 10.11.2008 · 19:19 · 1 min
ZF English

One Romanian, delinquent on loans from 14 banks

The popularity of credits over the last few years has seen 1.9 million clients take out loans with at least two banks in parallel, but 6% of them have fallen behind with their payments.

Ziarul Financiar · 30.10.2008 · 18:28 · 1 min
ZF English

Generali: We could see new life insurance sales down in winter

The number of Romanians who buy life insurance policies could go down in a few months' time, in the wake of more expensive credits, utilities and food, leaving people with less money to spar...

Ziarul Financiar · 15.10.2008 · 18:41 · 1 min