Banks-Insurance
Romanian Banks Have Foreclosure Difficulties - Association Head
Romanian banks are having an increasingly hard time unloading properties at foreclosure auctions and they need to come up with a plan to avoid further defaults from their clients, the head o...
Isarescu Says Long Maturities On Consumer Loans Pointless
Romanian central bank governor Mugur Isarescu Wednesday said the bank’s new regulations to limit the maturity of consumer loans should be interpreted as a “return to normalcy,” because matur...
Leu Ends Higher Vs Euro, In Line With Neighbors
Romania’s leu gained 0.3% versus the euro Wednesday, amid a positive sentiment in the region after the EU finance ministers agreed on a coordinated response to protect the banking system aga...
Isarescu: I’m Not Against Lower Social Security Taxes
Romanian labor market is too burdened and cutting the social security taxes, while a risky measure, would be a most welcome solution to stimulate economic growth, central bank governor Mugur...
Isarescu: Inflation Within Central Bank's Target Range In September
Romanian inflation has eased to below 4% in September, falling within the central bank’s target of 2%-4%, governor Mugur Isarescu said Wednesday.
Banks Should Focus More On Corporate Lending - BNR Deputy Gov
Romanian banks might have to shift focus from retail to corporate in order to balance out lending slowdown and grow their business, central bank’s deputy governor Cristian Popa said Wednesda...
Popa, BNR: New Forex Loan Regulations To Outdo Old Ones
Romanian central bank’s (BNR) new lending regulations are bound to be more effective than the previous measures aimed to limit foreign currency loans, because now they are part of a larger,...
Leu In Ranges Vs Euro, Exchange Rate At 4.3144
Romania’s leu traded in narrow ranges against the euro by midday Wednesday and the central bank’s reference strengthened for the third day to 4.3144 units, from 4.3159 units Tuesday.
Romanian Banks To Stay Resilient, Says Central Banker
The Romanian banking system will continue to be resilient in the face of new challenges, even with the materialization of the worst-case scenarios the central bank considers for its periodic...