DEPOSITS
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Banks Caught Off-Guard By International Turmoil As Loans Exceed Deposits
Turmoil on the international financial market has caught local banks off-guard, after they grew too reliant on funding from parent banks and as such let the imbalance between loans granted a...
Companies Move Money To Foreign Bank Branches
Companies increased their deposits in foreign currency held in foreign bank branches by the equivalent of 2.8 billion lei (some EUR660 million) in the third quarter, while the institutions o...
BCR Tempts Customers With 14% Interest For Two-Year Deposits
BCR is trying to persuade customers to keep their savings in lei in the bank for two years in exchange for a fixed 14% interest, instead of renewing their deposits every three months and get...
Lending Freeze Turns Romanians Into Net Creditors Of Banks
The slow pace of lending and a higher interest in saving money turned Romanians into net creditors of banks, a position they have kept since last December. The gap between deposits and debts...
Raiffeisen Granted Loans Amounting To EUR300M In 1H
Raiffeisen Bank, the fourth largest bank by assets in mid-2011, has granted loans worth around EUR600 million over the past year, managing to expand its portfolio by 23% from mid-2010, to EU...
First Fund “Secured Against Losses”, Beaten By Banking Interest
The OTP Garantis closed-end fund, managed by OTP Asset Management, the first investment fund in Romania to have guaranteed the initially placed equity, has protected investors against plumme...
Greek Banks Raise Deposit Interests, While Big Banks Are Lowering Them
The thirst for liquidity of small and mid-sized banks has led to the re-emergence on the market of offers of leu-denominated deposits with interests of 7.5% to 7.75% a year, even though the...
Bankers Keep Money With BNR At 2.25% Interest, While Private Lending Declines
Bankers placed an average of 2 billion lei (equivalent to half a billion euros) in each working day in June in the overnight deposit facility of the central bank (BNR), for which they get an...
Bankers Left RON1.8B In BNR Coffers Each Day In May
Bankers left 1.8 billion lei (EUR440 million) at the central bank BNR on each working day of May using the overnight deposit facility, to get rid of excess liquidity, as they did not manage...