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Study: Capping Interest Rates Reduces Lending, Consumption, Affects Investments
A cap on interest rates, currently under debate in parliament, would lead to lower household lending, would reduce consumption and could affect investments, thus hindering economic growth le...
Banca Transilvania, First Romanian Banking Brand Included In Brand Finance Banking 500
Banca Transilvania is the first Romanian banking brand to be included in the Brand Finance Banking 500 ranking compiled by Brand Finance. The lender entered the Brand Finance Banking 500 on...
EBRD And BCR Grant $38.7M Financing For Construction Of Mineral Oil Recycling Factory
The European Bank for Reconstruction and Development (EBRD) and BCR grant financing of $38.7 million for the construction of a recycling factory for used mineral oil in Oltenita (Calarasi Co...
KeysFin: Over 670,000 Romanians Have Overdue Debts To Banks And NBFIs
More than 670,000 Romanians have overdue debts to banks and non-banking financial institutions (NBFIs) and their number is rising month on month. The total value of overdue loans reaches nea...
Central Bank Deputy Governor to Talk to Senators about Banks, NBFIs
Romania's central bank deputy governor Florin Georgescu will talk to the Senate's committee for economic matters Wednesday about the situation of banks and non-banking financial institutions...
BCR Opens VAT Accounts For Its Corporate Clients
Banca Comerciala Romana (BCR) will open value-added tax payment accounts for its corporate clients first on demand, then automatically, to allow them to comply with split VAT payment require...
Central Bank Assessment: SMEs In Romania Took Out RON11B Loans From Banks In 2016
Banks in Romania granted new loans of RON11 billion (EUR2.5 billion) to small and medium-sized enterprises (SMEs) in 2016, over three times less than the lending potential of RON34 billion,...
PM's Comments On Banks Are Inappropriate, Says Central Bank Adviser
Adrian Vasilescu, adviser to Romania’s central bank governor, said on Wednesday that Prime Minister Mihai Tudose’s statement on banks was inappropriate and came from someone that has nothing...
Opposition Senator Says Govt Plans to Tax Assets of Banking, Finance Companies
The Romanian government is planning a new tax on assets in the banking and finance sector, liberal senator Florin Citu, member of the budget-finance committee in parliament, said Wednesday o...