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Banks-Insurance

BNR Injects RON1.65B In 7-Day Repo

Romanian central bank Monday pumped 1.65 billion lei (EUR380 million) into the market in a one week repurchase agreement operation at an interest rate of 6% a year, equal to the monetary pol...

Florentina Dragu · 28.11.2011 · 14:28 · 1 min
Banks-Insurance

BNR: Romania October Overdue Loans Up 3.13% To RON21.3B

Romanian overdue private loans rose 3.13% on the month to 21.3 billion lei (EUR4.88 billion) in October, equal to 9.58% of the total lending, central bank data showed Friday.

Florentina Dragu · 25.11.2011 · 13:58 · 1 min
Parent Banks Unlikely To Lower Exposure To Romania, Says Central Banker
Banks-Insurance

Parent Banks Unlikely To Lower Exposure To Romania, Says Central Banker

Foreign banks are not likely to lower their exposure to Romania, as large part of the existing financing is included in the share capital of their local subsidiaries and cannot be withdrawn,...

Florentina Dragu · 24.11.2011 · 14:30 · 1 min
BNR: Private Lending -0.8% On Month To RON221B In October
Banks-Insurance

BNR: Private Lending -0.8% On Month To RON221B In October

Romanian private lending fell 0.8% in real terms to 221.03 billion lei (EUR50.7 billion) in October from a month earlier, central bank data showed Thursday.

Florentina Dragu · 24.11.2011 · 11:06 · 1 min
Vasilescu, BNR: 2015 Not A Fixed Deadline For Euro Adoption
Banks-Insurance

Vasilescu, BNR: 2015 Not A Fixed Deadline For Euro Adoption

Romanian central bank doesn’t see the year 2015 as a fixed deadline for the euro adoption, because the date might change, depending on the country’s ability to fulfill the required criteria...

Florentina Dragu · 23.11.2011 · 16:26 · 1 min
Austria’s Central Bank Forces BCR, UniCredit and Raiffeisen To Find Their Own Financing Sources
Banks-Insurance

Austria’s Central Bank Forces BCR, UniCredit and Raiffeisen To Find Their Own Financing Sources

Erste Group, UniCredit Bank Austria, and Raiffeisen Bank International-- the respective owners of Romanian lenders BCR, UniCredit Tiriac Bank and Raiffeisen Bank Romania--will only increase...

Razvan Voican · 22.11.2011 · 15:52 · 4 min
Banks-Insurance

BNR: Bank Payment Refusals Rise To RON605M In October

Romanian lenders refused to pay promissory notes, checks and notes of exchange amounting to 605.17 million lei (EUR138.7 million) in October, up 36.6% on the month, central bank data showed...

Florentina Dragu · 21.11.2011 · 15:31 · 1 min
Macroeconomics

Romania 9-Month FDI Falls To EUR1.17B

Foreign direct investment, or FDI, fell 54.1% on the year to EUR1.17 billion in the first nine months, the Romanian central bank said Tuesday.

Florentina Dragu · 15.11.2011 · 11:15 · 1 min
BNR: Romania's Current Account Gap Narrows To EUR3.8B End-September
Macroeconomics

BNR: Romania's Current Account Gap Narrows To EUR3.8B End-September

Romania's current account deficit narrowed 10.8% to EUR3.79 billion in the first nine months, from a gap of EUR4.25 billion in the year-earlier period, due mainly to shrinking trade deficit...

Florentina Dragu · 15.11.2011 · 11:08 · 1 min