BANKS
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Banks Reluctant To Make Loans Cheaper
The average interest on corporate loans in lei rose slightly in August to 8.7%, while the average deposit interest fell by almost 0.7% to 3.4% a year, reveal central bank data. The corporate...
National Bank of Greece To Exit Romania, Other SEE Markets - Press
National Bank of Greece has agreed with the European Union's competition authorities to exit the Southeastern European markets where it currently operates, including Romania, Greek newspaper...
Foreign Banks Cut EUR8B From Lines Of Credit Since Pre-Crisis Peak
The foreign funding of banks in Romania dropped to nearly EUR19 billion in August, which translates into a EUR2.6 billion decline in the past year and a EUR4.6 billion decline in the past tw...
Basescu: Banks In Romania Repatriate “Enough” Money To Parent Banks
Banks in Romania repatriate “enough” money to parent banks and the Ponta Cabinet may have made some mistakes in this respect, President Traian Basescu said Sunday.
Romanians Can Take Banks To Court Over Abusive Clauses As Of October 1
Romanian consumers will be able to denounce in court potentially abusive clauses introduced by service providers, including banks, as of October 1, Prime Minister Victor Ponta said Wednesday...
A&D Pharma Gets EUR190M Syndicated Loan From UniCredit, BCR And BRD
Sensiblu, part of pharmaceutical group A&D Pharma, has attracted a factoring facility from lenders BCR and UniCredit Tiriac Bank for the lei equivalent of EUR100 million.
Vasilescu, BNR: Decision Of Most Banks To Halt Lending Is Wrong
The decision made by most banks to halt lending citing various reasons is “wrong,” but the central bank is no ministry and therefore cannot tell banks whom they can or cannot finance, Adrian...
Decline In Consumer Loan Stock Is Bad For The Economy
Consumer loan stock fell by the equivalent of 21 billion lei (EUR4.6 billion) in July, from the record high reached in February 2009, when the financial crisis hit Romania.
BNR At A Loss To Allow Banks To Write Off Bad Loans
Romania’s central bank still has its reservations when it comes to allowing banks to write off bad loans (completely erase the value of non-performing loans), because it doesn’t consider it...