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Romania Ranks 5th In EU Based On Retail Banking Price Discrepancy -Report

Romania ranks fifth in the EU-27 bloc based on differences between national banks’ prices, according to the 2008 World Retail Banking Report released by the World Bank, Capgemini, ING and the European Financial Management and Marketing Association (EFMA) on Monday.
Romania Ranks 5th In EU Based On Retail Banking Price Discrepancy -Report
07 apr. 2008, 16:38, English
Price discrepancy on the Romanian retail banking segment was computed at 46%, placing Romania fifth among EU countries, after Denmark (154%), Ireland (51%), Spain (50%) and Slovakia (47%).
 
“Retail banking is still mainly a national business, and we examined price discrepancy first at the country level. Large discrepancies are usually associated with fast-changing markets, such as Spain and Ireland in Europe eurozone; Denmark, Romania, and Slovakia in Europe noneurozone; or China and India in Asia-Pacific,” the report noted.
 
According to the report, 40% of the revenues for core banking services in Romania comes from account management, 32% – payments, 27% – cash utilization fees and 1% from other operations conducted by bank personnel, such as payment halting or data searching.
 
The fee structure in Europe non-eurozone countries indicate that 20% of the overall revenues for core banking services comes from account management, 16% – cash utilization fees and 9% from exceptions handling. The bulk of the revenues, 55%, is represented by payments.