CENTRAL BANK
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BNR Plans To Cap Consumer Loan Maturity At 5 Years
Romanian banks may have to reduce the maturity of consumer loans to five years from 20 currently, while extending minimum guarantees to 133% of the loan’s value, according to a draft regulat...
Georgescu: BNR Gets Weekly Reports From Greek Subsidiaries
The Romanian central bank (BNR) is keeping a close eye on Greek subsidiaries and has already taken preventive measures against potential financial slippages, first deputy governor Florin Geo...
Lower Fees For Euro Payments As Romanian Central Bank Joins Target2
The Romanian central bank will join Europe’s Target2 real-time gross settlement system on July 4, a bank official said Wednesday, mentioning that 22 local lenders have already signed up to p...
Foreign Direct Investment Falls To EUR444M In Jan-April
Romanian foreign direct investment, or FDI, fell to EUR444 million in January to April, from EUR623 million in the year-earlier months, the central bank said Tuesday.
Romania Jan-April Current Account Gap Narrows To EUR1.15B
The current account deficit narrowed 46.4% to EUR1.15 billion in the first four months, from a gap of EUR2.15 billion in the year-earlier period, due to lower trade deficit and higher transf...
BNR Survey: Consumers Will Find It Easier To Take Out Loans This Summer
Individual clients could borrow more easily from banks this summer because lenders are set to ease access to both consumer and real estate loans, according to a survey conducted by the Natio...
Romania's GDP Growth Could See Downside Pressure If EU Recovery Sluggish
Romanian economic growth could come under slight downward pressure from declining trade with northern European states, particularly Germany, but the year-end figure should be close to offici...
Popa, BNR: Romania Contemplates Issuing US Dollar-Denominated Bonds
Romania’s Finance Ministry will analyze the opportunity to issue US dollar-denominated sovereign bonds, following increasing interest from American investors at an international debt sale Th...
Overnight Deposits At Central Bank Rise To RON39.8B In May
Overnight deposits at Romania’s central bank reached a combined amount of 39.8 billion lei (EUR9.6 billion) in May, up 15.2% on the month, central bank data showed Tuesday.