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Romania Forex Reserves Rose Slightly In August, To EUR34.9B
Banks-Insurance

Romania Forex Reserves Rose Slightly In August, To EUR34.9B

Romania's foreign exchange reserves rose by EUR319 million in August 2017 to EUR34.9 billion, compared with EUR34.6 billion at the end of July 2017, the central bank said in a statement on F...

Ecaterina Craciun · 01.09.2017 · 15:42 · 1 min
Central Bank Assessment: SMEs In Romania Took Out RON11B Loans From Banks In 2016
Banks-Insurance

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,...

Ecaterina Craciun · 01.09.2017 · 12:24 · 1 min
Romania Private Lending Grows 0.5% on Month in July
Banks-Insurance

Romania Private Lending Grows 0.5% on Month in July

Romanian private lending grew 0.5% (0.2% in real terms) in July compared with June, to RON227.96 billion, central bank data showed Thursday.

Oana Gavrila · 24.08.2017 · 13:48 · 1 min
Central Bank Says No Cause for Concern Over Bank Deposits
Banks-Insurance

Central Bank Says No Cause for Concern Over Bank Deposits

Romania's central bank said Tuesday there is no cause for concern regarding deposits in Romanian banks after the prime minister threatened to name banks that did not report profit and where...

Oana Gavrila · 22.08.2017 · 15:19 · 1 min
Romania Posts Current Account Deficit of EUR2.745B in 1H/2017
Macroeconomics

Romania Posts Current Account Deficit of EUR2.745B in 1H/2017

Romania's current account balance posted a deficit of EUR2.745 billion in the first half of 2017, compared with a deficit of EUR1.958 in the same period the year before, central bank data sh...

Oana Gavrila · 14.08.2017 · 13:51 · 1 min
NBFI Loans Could Have Lower Interests as of October 1 - Central Bank Official
Banks-Insurance

NBFI Loans Could Have Lower Interests as of October 1 - Central Bank Official

Romania's central bank will introduce a prudential norm as of October 1, 2017 on loans granted by non-banking financial institutions (NBFIs) that may reduce interests paid by customers, said...

Oana Gavrila · 10.08.2017 · 13:47 · 1 min
Romania Central Bank Revises Inflation Forecast to 1.9% in 2017 from 1.6%
Macroeconomics

Romania Central Bank Revises Inflation Forecast to 1.9% in 2017 from 1.6%

Romania's central bank has revised upwards its inflation forecast for the end of 2017, which it now sees at 1.9% from a previous forecast of 1.6%, central bank governor Mugur Isarescu told a...

Oana Gavrila · 08.08.2017 · 12:18 · 1 min
Romanian Central Bank Keeps Key Rate at 1.75% Record Low
Banks-Insurance

Romanian Central Bank Keeps Key Rate at 1.75% Record Low

Romania's central bank on Friday left its benchmark interest rate unchanged at a record low 1.75% a year, a level unchanged since May 2015, the bank said in a statement.

Oana Gavrila · 04.08.2017 · 15:54 · 3 min
Romania Forex Reserves Fall To EUR34.63B End-July
Banks-Insurance

Romania Forex Reserves Fall To EUR34.63B End-July

Romania's foreign exchange reserves stood at EUR34.63 billion at the end of July 2017, from EUR35.2billion end-June, due to the depreciation of the US dollar, the pound sterling, and the Jap...

Oana Gavrila · 01.08.2017 · 13:50 · 1 min