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Small-sized banks most attractive

Big banks take care of their deponents, providing them attractive interest rates, but they tend to sell loans more expensive. In turn, the medium-sized or small banks equally treat deponents and loan borrowers.

Transilvania bank, Credit Europe, Alpha Bank, CEC, OPT, ING and Millenium Bank are in the category of banks which offer high yields at deposits, having however, low costs for the offered loans. In these cases, the institutions managed to balance the interest of deponents with the interest of loan borrowers, daily weekly Saptamana financiara reports. On the other hand, banks such as ABN AMRO Bank tend to focus more on loan extension activities to the detriment of the saving activities. In this case, the total cost of the loan stands at about 17 percent, whereas the interest rate paid for the deposits in lei stand at 3.5 percent at ABN AMRO. For comparison, other banks pay yields twice higher than for deposits. At the other side are the banks that take care of their deponents, but impose high costs for loan borrowers. In this category are Bancpost, Carpatica, Romexterra and CR Firenze, according to weekly Saptamana Financiara. The big two universal banks BCR (Romanian Commercial Bank) and BRD are also in this segment. The most unattractive banks for customers are, of course, those banks which perceive high interest rates for loans and provide low yields at deposits. Based on the criteria taken into account by the aforementioned weekly, two banks are included in this category: Raiffeisen Bank and Volksbank. A consequence of these strategies is the fact that big universal banks do not excel when it comes to extension of loans, the growth engine of the banking activity over the past years. Therefore, the first banks, BCR, BRD and Raiffeisen lost 5 percentage points from the cumulated market share depending on assets in 2007, with customers preferring competitive banks. Sursa: http://www.rompress.ro

Tags: banks interest brd bcr cec ing