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BNR's Key Rate Cut Will Not Be Transmitted In Lending - Analysts
Banks-Insurance

BNR's Key Rate Cut Will Not Be Transmitted In Lending - Analysts

The rate cut announced Thursday by Romania’s central bank will not be felt in the loan interest rates applied by banks, since the measure does not improve liquidity in the system and the mar...

Andrei Cîrchelan · 05.01.2012 · 18:13 · 1 min
Romania Central Bank Cuts Key Rate By 25 BPs To 5.75%
Banks-Insurance

Romania Central Bank Cuts Key Rate By 25 BPs To 5.75%

Romania’s central bank Thursday lowered its main interest rate by 25 basis points to 5.75% a year, the second cut in a row, in a move to boost bank lending and support economic recovery.

Bogdan Neagu · 05.01.2012 · 12:21 · 2 min
BNR Pumps RON524M In 5-Day Repo
Banks-Insurance

BNR Pumps RON524M In 5-Day Repo

Romania's central bank (BNR) Wednesday pumped 524 million lei (EUR121.3 million) into the market in a five-day repurchase agreement operation at an interest rate of 6% a year, equal to the m...

Bogdan Neagu · 04.01.2012 · 13:23 · 1 min
Romania Forex Reserves Rise To EUR33.2B In 2011
Macroeconomics

Romania Forex Reserves Rise To EUR33.2B In 2011

Romanian foreign exchange reserves rose by almost EUR1.5 billion in December, to EUR33.19 billion, following inflows from the European Commission and a third tranche of a World Bank loan, ce...

Bogdan Neagu · 03.01.2012 · 14:02 · 1 min
BNR: Romania Overdue Loans Up 2.8% In November To RON21.9B
Banks-Insurance

BNR: Romania Overdue Loans Up 2.8% In November To RON21.9B

Romanian overdue private loans rose 2.8% on the month to 21.9 billion lei (EUR5.1 billion) in November, equal to 9.7% of the total lending, central bank data showed Wednesday.

Bogdan Neagu · 28.12.2011 · 14:57 · 1 min
BNR: Romania November Private Lending +0.8% On Month To RON224B
Banks-Insurance

BNR: Romania November Private Lending +0.8% On Month To RON224B

Romania's private lending rose 0.8% in real terms to 223.8 billion lei (EUR52.15 billion) in November from a month earlier, central bank data showed Tuesday.

Andrei Cîrchelan · 27.12.2011 · 11:58 · 1 min
Macroeconomics

UniCredit: Romanian Central Bank Likely To Miss 2012 Inflation Target

Italy’s UniCredit estimates Romanian annual inflation rate will reach 4.5% in December 2012, outside the central bank’s target range of 2%-4%, because of a negative effect of food prices.

Florentina Dragu · 22.12.2011 · 16:26 · 1 min
BNR To Leave Minimum Reserves Unchanged In Next Months
Banks-Insurance

BNR To Leave Minimum Reserves Unchanged In Next Months

The Romanian central bank (BNR) will leave unchanged its minimum reserve requirements imposed on commercial lenders over the next months to fend off inflationary risks and possible pressures...

Florentina Dragu · 22.12.2011 · 15:58 · 1 min
Banks-Insurance

Banks About To Take A Day Off To Implement IFRS

Romanian banks are about to start reporting according to the international standards, which will heavily test their IT systems and administrative resources.

Claudia Medrega · 22.12.2011 · 00:00 · 1 min