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Romanian Central Bank Keeps Key Rate on Hold at 1.75%
Banks-Insurance

Romanian Central Bank Keeps Key Rate on Hold at 1.75%

Romania's central bank on Thursday kept its main monetary policy lending rate unchanged at an all-time low of 1.75% a year, in line with analyst expectations.

Oana Gavrila · 05.05.2016 · 12:50 · 1 min
Gross Financial Assets Of Romanian Households Stood At RON500B In 2015
Banks-Insurance

Gross Financial Assets Of Romanian Households Stood At RON500B In 2015

Gross financial assets of households in Romania stood at more than 500 billion lei (over EUR100 billion) last year, about one third of which, RON140 billion kept in bank deposits, Romania’s...

Loredana Frățilă-Cristescu · 03.05.2016 · 09:46 · 1 min
Romania Private Lending Grows 0.5% in March
Banks-Insurance

Romania Private Lending Grows 0.5% in March

Romanian private lending increased half a percentage point in March compared with February (0.4% in real terms), to RON216.3 billion, central bank data showed Monday.

Oana Gavrila · 25.04.2016 · 11:32 · 1 min
BNR: Bank Payment Refusals Fell By One Third In March
Banks-Insurance

BNR: Bank Payment Refusals Fell By One Third In March

Romanian lenders refused to pay promissory notes, checks and notes of exchange worth 218 million lei (EUR49 million) in March 2016, which is lower by more than 30% compared with February, ac...

Ecaterina Craciun · 22.04.2016 · 13:40 · 1 min
Macroeconomics

Romania Current Account Deficit Widens to EUR337M in Jan-Feb

Romania’s current account balance posted a deficit of EUR337 million in January-February, compared with a deficit of EUR42 million registered in January-February 2015, central bank data show...

Oana Gavrila · 13.04.2016 · 12:37 · 1 min
Banks Granted Private Loans of RON27B in 2015
Banks-Insurance

Banks Granted Private Loans of RON27B in 2015

Private loans totaled RON27 billion in 2015, of which RON20.8 billion were new loans and RON6.2 billion were refinanced and restructured loans, deputy central bank governor Liviu Voinea said...

Oana Gavrila · 07.04.2016 · 11:57 · 1 min
Romania Forex Reserves Rise to EUR31.28B in March
Banks-Insurance

Romania Forex Reserves Rise to EUR31.28B in March

Romania's foreign exchange reserves grew to EUR31.28 billion in March from EUR30.82 billion in February, the central bank said in a statement Friday.

Oana Gavrila · 01.04.2016 · 14:18 · 1 min
Isarescu: Central Bank Should Narrow Interest Rate Corridor
Banks-Insurance

Isarescu: Central Bank Should Narrow Interest Rate Corridor

Romanian central bank governor Mugur Isarescu said the bank should narrow the interest rate corridor in a move to strengthen the main monetary policy rate.

Ecaterina Craciun · 31.03.2016 · 19:48 · 1 min
Romania Central Bank Holds Key Rate at 1.75% Low
Banks-Insurance

Romania Central Bank Holds Key Rate at 1.75% Low

The Romanian central bank Thursday kept its main monetary policy lending rate unchanged at an all-time low of 1.75% a year, in line with analyst expectations.

Oana Gavrila · 31.03.2016 · 15:30 · 1 min