DEPOSITS
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BCR BpL Deposits At RON800M In December 2011, Up 85% On Year
Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, t...
Romania’s Banks Are Taking The Brunt Of The Crisis
Bankers are having a tough time digesting the economic crisis, which is now entering its fourth year, and this is clearly shown in the results. After record profits in 2008, the peak year, o...
Bankers Scramble For Company Savings: Euro Deposit Rates Near 4%
In a bid to compensate for the loss of support from parent banks, local bankers try to attract as many resources as possible from companies, paying interest of up to 4% on euro deposits.
Greek Banks Lost EUR300M From Deposits In Third Quarter
The local subsidiaries of Greek financial groups lost deposits with a cumulated value of EUR300 million in the third quarter, despite the fact that they pay the most generous interests on th...
EBRD Accuses Austrian Central Bank Of Scaring Investors
The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstr...
Foreign Bank Subsidiaries Fight Over Romanians’ Euro Savings
Romanians’ euro savings have become more important than ever for bankers who fear they will lose support from their parent banks, so they have raised interests towards 5% a year. Ailing bank...
ING: No Chance For Cheaper Retail Loans
A higher appetite for saving money rather than borrowing it, more inquiries about leu loans, the lack of prospects for cheaper loans in general and the decline of the consumer lending market...
Banks Tighten Fight Over Clients’ Euro Savings
Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are for...
Retail Lending Frozen Again As Most Money Goes To Companies
Private lending was up in September, solely driven by corporate loans, because consumers were again afraid to take on debt.