CONSUMER LENDING
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Analyst: Consumer Lending Growth, An Alarming Trend
Consumer lending will continue to register an important growth and can even reach 20% on an annualized basis, which is an alarming trend, according to financial analyst Dragos Cabat.
Romanian Consumer Lending Companies Granted EUR663M Financing In January-March, Up 33%
Non-banking financial institutions members of the ALB Romania association, which make up for 80% of the local consumer lending market, granted financing of EUR663 million in the first three...
Romanian Consumer Lending Companies Granted EUR1.78B Financing In January-September, Up 7%
Non-banking financial institutions members of the ALB Romania association, which make up for 78% of the local consumer lending market, granted financing of EUR1.78 billion in the first nine...
Consumer Lending In Lei Rises By RON600M From Year-Start Low
RON-denominated consumer loans stood at 23.6 billion lei in late September, up almost 2% or the equivalent of RON300 million from the year-earlier period. On the month, the stock of these lo...
Piraeus Bank Romania: Demand For Loans Is Rising
Piraeus Bank, a Greek-held medium-sized player in Romania’s banking system, in January-July 2014 released retail loans matching the value of loans granted in the entire 2013 and reached mont...
Lending In Lei Rose In July For The First Time In 5 Years
Romanian currency-denominated consumer loans in July registered the first annual increase in the past five years, reaching RON23.5 billion, 0.1% above the level of the same period of 2013, a...
Consumer Lenders See Double Digit Growth This Year
Consumer lending companies part of the ALB Romania association expect a growth of at least 10% in financing volumes, as consumer lending has picked up in the first half of the year.
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...
BCR Raises Consumer Loan Interests On Higher-than-expected Demand
BCR, the biggest domestic bank in terms of assets, has taken the market by surprise after having unexpectedly raised the interest rate for leu-denominated consumer loans, to 14.5% a year, th...