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Products made in Romania start to lose their customers
Germany and Italy have officially stated that they have entered in economic crisis. The shock wave has touched also the Romanian economy, through the collapse in demand on the main two export markets, and also on other European markets, where our country still had profitable businesses.The group of the European Union member states that meet the criteria of an economy in recession, respective two consecutive quarters of decrease in the gross domestic product, is more and more numerous. According to the data published by the Statistical European Office, Germany that was considered not long ago the locomotive of the economy in the euro zone, has reported for the second and third quarter a decrease of GDP with -0,4%, respective -0,5%. Italy joins it with an identical evolution of the same index, Estonia (-0,8% for Q2, -1,0% for Q3), Denmark (-0,2% for Q1, -0,6% for Q2), Ireland (-0,3% for Q2, -0,5% for Q3) and Latvia (-0,5% for Q2, -0,5% for Q3). Great Britain, that has... citeste mai mult
13 banks can grant loans without considering BNR's restrictions
There are only four days till the new loaning norms will enter in force. More harsh conditions, higher costs for loans and fewer customers, these would be on short the effects of the new regulation imposed by the central bank. While the bankers complain that BNR let them without “the object of work” and the analysts forecast the end of “taking credit with the ID”, a third of the banks that activate on the Romanian market continue their activity without taking into account the restrictions of the national bank. These are the subsidiaries of the foreign banks from the EU member states that activate according to the rules of the mother – banks. Starting next Monday, the commercial banks from Romania will grant credits according to the new harsher rules. It’s the data since which the new BNR regulation “concerning the limitation of the risk credit for the credits directed to natural persons” will enter in force. A “black”... citeste mai mult
Decreasing rates diminish the cost of credit up to 30%
When the customers access a credit, they pay a special attention to the interest rates, commissions, reimbursement period, eventual promotional offers, but especially they pay attention to the ways through which they can contract a higher credit. Some information are placed at the disposal of customers, other are just partially presented to them and in most of the times put the banks in a favorable light. There’s for sure that there are ways through which the cost of a credit can be significantly reduced, but these are usually hidden because aren’t profitable for banks. One of the ways through which the cost of a credit can be significantly reduced is the pay back of the credit, respective in flat rates or decreasing rates. The experts say that each of those two options has advantages and disadvantages, but confronted each with another the second one has a net advantage. In these terms, the question of the bank officer: credit with flat rates or credit with... citeste mai mult
The top customers, reserved in taking risks
Although the investments in the real estate domain still remain a serious competitor for the private banking services, thanks to the very attractive returns, the Romanian market has though at present a potential of at least 50.000 VIP customers. Even if many of the top customers come from real estate investors, by only alienating of a studio flat doesn’t transform the seller into a beneficiary of these services. Prerequisite, but not enough for accessing this management packet of wealth, is the owning of a minim amount of 40.000 euro. The true test of private banking is represented by the capacity of maintaining a portfolio of financial assets or of supplying periodically the accounts with amounts of at least four figures in euro. The offers are multiplying The private banking system appeared in the Romanian banking scenery since the half of 2003, at one of the entities that now forms Unicredit Tiriac Bank. After exactly four... citeste mai mult
