BANKS
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Loans In Lei Become More Expensive In January
Bankers made loans in lei more expensive at the beginning of the year, and cut interest rates on deposits attracted from clients, as they seek to boost their income from interest rate margin...
Top Bank Salaries In December 2011
Romanian bankers from Spanish group La Caixa continue to be the best-paid in the Romanian banking system, ending 2011 with an average net wage of 10844 lei (EUR2490) in December.
Banks Give Cheap Funding To State, Private Sector Clients Pay
Bankers pumped another 5 billion lei (EUR1.15 billion) into the state’s coffers in January by buying government securities, while private-sector loans in local currency fell by EUR1 billion....
How Much Bankers Get Back From A Loan In Default
Bankers manage to get back only 30% of unsecured consumer loans that default, with the rest amounting to losses, according to a study by the Romanian central bank BNR, conducted on a quarter...
Romanian Banks' External Debt Stood At EUR23B In 2011
Bank external debt at the end of 2011 was at a level comparable to that at the end of 2010. Long-term debt decreased by around EUR300 million, but short-term debt climbed significantly. This...
Romanian Banking System Takes A Tentative Step Forward In 2011
The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR1...
Bankers Sit On A Mountain Of Cash, Are Forced To Cut Loan Interest Rates
Money market interest rates, which are used as reference for loans in lei have fallen significantly since the beginning of this year because of excess liquidity, and this is starting to be f...
Raiffeisen CEO: Bankers Need To Rebuild Trust
The customers’ experience when dealing with their bank has to dramatically change in Romania, there must no longer be such situations when the bank sells them something they do not need. The...
Interest Rates Are Declining Slowly, But Loans Are Still More Expensive Than In 2010
Romania's central bank (BNR) has managed, by easing its monetary policy, to make loans cheaper in December than in previous months, but interest rates are still above the level recorded at t...