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Lower Rates And Central Bank’s Pressures Not Enough To Drive Leu Lending Up
Macroeconomics

Lower Rates And Central Bank’s Pressures Not Enough To Drive Leu Lending Up

Romanian banks sell as few leu-denominated loans that they will not even cover the repayments made by customers, therefore the volume of loans in local currency has gone down by RON1 billion...

Ecaterina Craciun · 28.05.2012 · 00:00 · 3 min
BNR: Romania Private Lending Inches Up 0.1% On Month In April
Banks-Insurance

BNR: Romania Private Lending Inches Up 0.1% On Month In April

Romanian private lending inched up 0.1% in real terms to 224.7 billion lei (EUR50.3 billion) in April from a month earlier, central bank data showed Friday.

Neagu Bogdan Mircea · 25.05.2012 · 11:10 · 1 min
BNR: Greek Banks Have Enough Cash And Government Paper To Meet Their Obligations
Banks-Insurance

BNR: Greek Banks Have Enough Cash And Government Paper To Meet Their Obligations

Greek-held banks in Romania have a solvency ratio that is two percentage points above the banking system average, their obligations are well covered in cash and government paper and the shar...

Radu Bostan · 24.05.2012 · 00:00 · 2 min
Vasilescu, BNR: Leu’s Depreciation Vs Euro Mirrors Regional Markets
Banks-Insurance

Vasilescu, BNR: Leu’s Depreciation Vs Euro Mirrors Regional Markets

The recent depreciation of the Romanian leu against the euro is in line with the regional trend and is caused by pressures from the eurozone, a central bank official said Wednesday.

Octav Ganea · 23.05.2012 · 17:00 · 1 min
BNR Adds RON7.9B To Market In Largest Repo Auction In More Than Two Years
Banks-Insurance

BNR Adds RON7.9B To Market In Largest Repo Auction In More Than Two Years

Romania's central bank Monday added 7.94 billion lei (EUR1.78 billion) to the market in a seven-day repurchase agreement operation at an interest rate of 5.25% a year, equal to the monetary...

Florentina Dragu · 21.05.2012 · 13:24 · 1 min
Real Estate Financing: Harder To Get, More Risks To Take
Banks-Insurance

Real Estate Financing: Harder To Get, More Risks To Take

Banks are still reluctant to lend to real estate investors, so developers have to take more risks if they want to continue their projects and remain on the market, according to information p...

Neagu Bogdan Mircea · 17.05.2012 · 01:00 · 4 min
BNR: Romania FDI Falls To EUR425M In First Quarter
Macroeconomics

BNR: Romania FDI Falls To EUR425M In First Quarter

Romanian foreign direct investment, or FDI, fell to EUR425 million in the first quarter of 2012 from EUR444 million in the same period a year ago, the central bank said Wednesday.

Neagu Bogdan Mircea · 16.05.2012 · 11:00 · 1 min
Romania 1Q Current Account Deficit Narrows To EUR544M
Macroeconomics

Romania 1Q Current Account Deficit Narrows To EUR544M

Romania's current account deficit narrowed to EUR544 million in the first quarter from EUR967 million in the same period of 2011, due mainly to the increase in the current transfers’ surplus...

Neagu Bogdan Mircea · 16.05.2012 · 10:53 · 1 min
Banks-Insurance

BNR Adds RON5.4B To Interbank Market

Romania's central bank, or BNR, Monday pumped 5.4 billion lei (EUR1.2 billion) into the market in a seven-day repurchase agreement operation at an interest rate of 5.25% a year, equal to the...

Florentina Dragu · 14.05.2012 · 14:24 · 1 min