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Romanian private banking defies crisis with growth rates

Fearful of the falling yields in real estate investments, wealthy Romanians are turning to private banking to maximise their cash revenues. Report by Corina Ilie

July 2010 - From the Print Edition

3 Photos
Unlike many financial segments strongly hit by the economic crisis, Romania’s private banking segment has grown in customers and its volume of assets in the past 18 months.
The typical customers of the private investment division of banks are those with cash exceeding 50,000 Euro, an appetite for medium risk and a willingness to shift gradually to more complex and innovative banking products.
Concerned with the steep decline in yields on the market, especially in the case of real esta...

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