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Romania Forex Reserves Up By EUR1.3B To EUR32.5B In 2013
Banks-Insurance

Romania Forex Reserves Up By EUR1.3B To EUR32.5B In 2013

Romanian foreign exchange reserves rose by 1.32 billion euro to EUR32.5 billion in 2013, after a slight increase in December, central bank data showed Friday.

Bogdan Neagu · 03.01.2014 · 14:36 · 1 min
BNR: Romania Private Lending Falls To RON219.7B In November
Banks-Insurance

BNR: Romania Private Lending Falls To RON219.7B In November

Romanian private lending fell 0.6% in real terms to 219.7 billion lei (EUR49.2 billion) in November, from RON221 billion a month earlier, central bank data showed Monday.

Bogdan Neagu · 30.12.2013 · 12:08 · 1 min
Leu Loan Cost Hits All-Time Low
Banks-Insurance

Leu Loan Cost Hits All-Time Low

The interest rate at which banks borrow lei from the money market (reflected by the three-month Robor used as reference in leu-denominated retail loan contracts) has reached a new all-time l...

Loredana Frățilă-Cristescu · 17.12.2013 · 00:08 · 1 min
Central Bank: SMEs Are Not Taking Out Loans Because Of Too High Interest Rates
Banks-Insurance

Central Bank: SMEs Are Not Taking Out Loans Because Of Too High Interest Rates

Almost half the small and medium-sized enterprises in Romania surveyed by central bank BNR says they are not eager to take out bank loans because of too high costs.

Daniela Stoican · 16.12.2013 · 00:00 · 1 min
BNR: Romania FDI Down 8.2% On Year To EUR1.8B In January-October
Macroeconomics

BNR: Romania FDI Down 8.2% On Year To EUR1.8B In January-October

Romanian foreign direct investment, or FDI, fell 8.2% on the year to EUR1.81 billion in the January-October period, the central bank said Friday.

Florentina Dragu · 13.12.2013 · 13:22 · 1 min
Romania Current Account Deficit Shrinks To EUR955M In January-October
Macroeconomics

Romania Current Account Deficit Shrinks To EUR955M In January-October

Romania's current account balance posted a deficit of EUR955 million in the first 10 months, well below a gap of EUR5.33 billion in the year-ago period, central bank data showed Friday.

Florentina Dragu · 13.12.2013 · 13:15 · 1 min
Central Bank Official: Lending in Romania Won’t Revive Until the Fall of 2014
Banks-Insurance

Central Bank Official: Lending in Romania Won’t Revive Until the Fall of 2014

The lending activity in Romania will not revive until the autumn of 2014, as banks are not ready to take additional risks before a new series of checkups of the central bank early next year,...

Bogdan Neagu · 05.12.2013 · 12:05 · 1 min
Cinteza: Romania NPL Ratio At 21.7% in October
Banks-Insurance

Cinteza: Romania NPL Ratio At 21.7% in October

The non-performing loan (NPL) ratio in Romania’s banking system inched 10 basis points higher in October from the previous month, to 21.7%, a senior central bank official said Thursday, addi...

Bogdan Neagu · 05.12.2013 · 11:51 · 1 min
Romania Forex Reserves Fall To EUR32.4B In November
Banks-Insurance

Romania Forex Reserves Fall To EUR32.4B In November

Romanian foreign exchange reserves fell to EUR32.41 billion in November, from EUR34.56 billion a month earlier, central bank data showed Monday.

Florentina Dragu · 02.12.2013 · 13:34 · 1 min