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BNR: Overdue Loans Rise To RON29.3B In January
Banks-Insurance

BNR: Overdue Loans Rise To RON29.3B In January

Romanian overdue private loans rose 2% on the month to 29.26 billion lei (EUR6.67 billion) in January, amounting to roughly 13% of the total lending, central bank data showed Tuesday.

Florentina Dragu · 26.02.2013 · 16:20 · 1 min
BNR Hikes Repo Ceiling To RON10B
Banks-Insurance

BNR Hikes Repo Ceiling To RON10B

Romania’s central bank Monday raised the cap on its weekly repurchasing agreement operation to 10 billion lei (EUR2.28 billion), from RON9 billion in the previous week.

Florentina Dragu · 25.02.2013 · 13:31 · 1 min
BNR: Private Lending Falls 2.4% To RON223.4B In January
Banks-Insurance

BNR: Private Lending Falls 2.4% To RON223.4B In January

Romanian private lending fell 2.4% in real terms to 223.39 billion lei (EUR51 billion) in January, from RON225.87 billion a month earlier, central bank data showed Monday.

Florentina Dragu · 25.02.2013 · 11:57 · 1 min
BNR Lowers Repo Ceiling To RON9B
Banks-Insurance

BNR Lowers Repo Ceiling To RON9B

Romania’s central bank Monday lowered the cap on its weekly repurchasing agreement operation to 9 billion lei (EUR2.05 billion), from RON11 billion in the previous week.

Florentina Dragu · 18.02.2013 · 14:12 · 1 min
Foreign Investments Continue Freefall. From A Peak Of EUR9.5B In 2008 To Just EUR1.6B In 2012
Macroeconomics

Foreign Investments Continue Freefall. From A Peak Of EUR9.5B In 2008 To Just EUR1.6B In 2012

Romanian foreign direct investment, or FDI, fell 11.1% on the year to EUR1.61 billion in 2012, the central bank said Tuesday.

Florentina Dragu · 12.02.2013 · 13:08 · 1 min
BNR: Romania's Current Account Deficit Narrows To EUR5.04B In 2012
Macroeconomics

BNR: Romania's Current Account Deficit Narrows To EUR5.04B In 2012

Romania's current account deficit narrowed 15.1% to EUR5.04 billion in 2012, from a gap of EUR5.94 billion a year earlier, largely due to reduced income and trade deficits, central bank data...

Florentina Dragu · 12.02.2013 · 12:58 · 1 min
BNR Increases Repo Ceiling To RON11B
Banks-Insurance

BNR Increases Repo Ceiling To RON11B

Romania’s central bank capped its repurchasing operation for the 19th consecutive time Monday, but raised the repo ceiling to 11 billion lei (EUR2.5 billion), from RON10 billion a week earli...

Florentina Dragu · 11.02.2013 · 13:42 · 1 min
Romania Central Banker Sees Non-Performing Loans Rising
Banks-Insurance

Romania Central Banker Sees Non-Performing Loans Rising

Romanian banks’ non-performing loans will continue to stack up in the near future, depending on economic growth prospects and the evolution in consumer confidence level, central bank deputy...

Florentina Dragu · 07.02.2013 · 15:23 · 1 min
Isarescu: Banks Still Very Much Stuck In Consumer Lending
Banks-Insurance

Isarescu: Banks Still Very Much Stuck In Consumer Lending

The major problem of banks in Romania is that they are very much stuck in consumer lending and have not developed their capability to finance the entrepreneurial sector, believes central ban...

Oana Gavrila · 06.02.2013 · 08:46 · 2 min