CENTRAL BANK
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Vasilescu, BNR: Lower FX Reserves Driven By Capital Outflows
The higher capital outflows on the backdrop of the international financial turmoil are primarily responsible for Romania’s declining foreign currency reserves in October, a central bank offi...
Romania Forex Reserves Fall To EUR32.2B In October
Romanian foreign exchange reserves fell to EUR32.19 billion in October from EUR33.62 billion a month earlier, central bank data showed Tuesday.
Romanians To Pay 25% Upfront For Mortgage Loans In Euro
Banks in Romania will require a down payment of at least 25% for mortgage loans in euro and 40% for mortgage loans in other currencies, if the client’s incomes is not expressed and indexed i...
BNR Lends RON406.7M To Local Banks
Romanian central bank Monday lent 406.7 million lei (EUR94 million) to two local banks in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetar...
BNR Sets Up Bridge Bank To Save Ailing Banks
The National Bank of Romania (BNR) is to complete and approve the regulations of the operation of a new financial institution on the local market - the so-called bridge bank, which should be...
Croitoru, BNR: Europe’s Bailout Fund May Not Be Large Enough
The market has plenty to chew on now that the EU leaders have announced a new set of measures to tackle the lingering sovereign debt crisis, but there might be some concern over the efficien...
Overdue Loans Up 2.4% To RON20.6B In September
Romanian overdue private loans edged up 2.37% on the month to 20.66 billion lei (EUR4.77 billion) in September, from roughly RON20.2 billion a month earlier, central bank data showed Wednesd...
Private Lending +2.7% On Month To RON221.4B In September
Private lending rose 2.7% in real terms to 221.4 billion lei (EUR51.21 billion) in September compared to August, central bank data showed Tuesday.
BNR Lends RON225M To Local Bank
The Romanian central bank Monday lent 225 million lei (EUR52 million) to a local bank in a seven-day repurchase agreement operation at an interest rate of 6.25% a year, equal to the monetary...