BANCI | ENGLISH

Premiere for the Romanian banking market: Millennium Bank offers the first current account that requires no visits to the branch

Autor:

2011-05-10 11:51

For the first time on the Romanian market, Millennium Bank provides a current account that does not require any visit to the bank. e-Account package is free of charge and consists of a current account in RON, Visa Electron debit card, Internet Banking and Call Center services, said the bank in a press release.rnrnThe e-Account opening process only requires filling in an online application form. All the necessary communication between the bank and the clients is made by phone and by courier. rnrnClients receive, at an address of their choice, the contract they need to sign, together with all the necessary information on the package. After signing the documents, clients give them back to the courier to be delivered to the bank. All these steps do not imply any costs for the customers.rnrn“Millennium Bank has been an innovative player on the local market, in line with Millennium bcp group’s strategy across all its geographies. Following our strategy, we launched a fully integrated direct banking channel that fits perfectly dynamic customers’ needs. We will thus explore a niche market with great potential and a distribution channel that is virtually limitless”, Nuno Alves, Executive Director with Millennium Bank, stated. “e-Account is a first step in this direction and we are also preparing some additional features that meet this client segment needs, to be launched soon”, Nuno Alves added.rnrnBesides being convenient and flexible, e-Account opening is free. The account’s benefits also include zero administration fee for the RON current account and for cash withdrawals at Millennium Bank ATMs, zero administration fee for the card in the first year of usage, free access and administration for Internet Banking and Call Center services. rnrnAlso, the bank does not charge any commission for interbank RON payments via Internet Banking or Call Center, customers only having to pay the fee charged by TransFond.

Taguri:

Comentarii

Nu există comentarii pentru această știre.

Adauga un comentariu

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii