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Fitch: Romanian NPLs Poised To Peak By Year-End
Romanian non-performing loans are likely to peak to around 14% to 16% of total loans by year-end, from 13% of total in April, a report from Fitch Ratings showed Thursday.
Popp, Impact: Had Banks Been Willing To Lend, They Would Have Eased Up Terms
Dan Ioan Popp, founder and main shareholder in real estate developer Impact Bucuresti (IMP.RO), said apartment sales are stalling and the market has not thawed up yet, with the reasons for t...
BNR: Banking System Net Profit Falls To RON95M In Q2
Romanian banks reported combined net profit of 95.4 million lei (EUR22.4 million) in the second quarter, down from RON313 million a quarter earlier, central bank data showed Tuesday.
Swiss Franc Might Climb To RON3.9
Those who now regret that they took out a loan in Swiss francs, as the franc is now 75% stronger against the leu compared with 2007-2008, at around RON3.7, should prepare for worse. Foreign...
Overdue Swiss Franc Loans Double In One Year
With the Swiss franc at an all-time high against the leu, bankers can do nothing but sit and watch the overdue loans rise fast. After the franc has gone up 60% against the leu since the begi...
Greek Banks Raise Deposit Interests, While Big Banks Are Lowering Them
The thirst for liquidity of small and mid-sized banks has led to the re-emergence on the market of offers of leu-denominated deposits with interests of 7.5% to 7.75% a year, even though the...
Bankers Keep Money With BNR At 2.25% Interest, While Private Lending Declines
Bankers placed an average of 2 billion lei (equivalent to half a billion euros) in each working day in June in the overnight deposit facility of the central bank (BNR), for which they get an...
Raiffeisen: Banking Sector’s Retail Network Is No Longer Justified
An increasingly pressing question for the banking sector is the fate of the over 6,000 branches still open despite the very low demand for loans, and consolidation will be inevitable, says S...
Finance Ministry To Keep Banks’ Money Only If They Agree To Longer Maturities
The Finance Ministry paradoxically has the upper hand over bankers because at the end of July it is in banks’ best interest not to be stuck with the EUR2.4 billion that the state has to repa...