INTEREST RATES
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Companies’ Banking Deposits Slid By RON10B In 1Q
Companies in Romania had deposits worth 170 billion lei (EUR38 billion) with local banks at the end of March, down by the equivalent of RON9.5 billion from December 2014, amid the falling in...
Leu Lending Gains Momentum
RON-denominated consumer loans totaled 23.8 billion lei at the end of October, up almost 3%, and RON600 million respectively, from the year-earlier period. Against September, the volume of s...
Banks In Romania Rush To Slash Deposit Interest Rates
Several banks in Romania, inclusively some of those paying interest rates above the market average, have rushed to adjust interests offered to depositors as soon as the central bank cut the...
Ghetea: Loan Interest Rates Keep Falling
Loan interest rates are falling and will keep falling because the central bank has been taking measures aimed at reducing rates and it will probably continue to do that, which will boost loa...
Interest Rates For Mortgage Loans In Lei Slide To Nearly 5%
The average effective interest rate of Romanian currency-denominated mortgage loans hit an all-time low of 5.2% per year in July, half the level of three years ago, when banks sold only euro...
Mortgage Loans, Cheaper In Lei Than In Euro
Standard rates for mortgage loans in lei have become cheaper than foreign currency mortgages, following the interest rate decrease on the Romanian market.
Romanian Banking Association: Deposit Rates To Go Negative
Interest rates on corporate loans in Romania will continue their decline started in the recent months, albeit at a slower pace, while the already-low deposit rates could go negative, the pre...
OTP: Bank Depositors Growing Increasingly Unhappy With Interest Rates
Romanian bank depositors are growing increasingly dissatisfied with the low interest rates offered by lenders and they turn to higher risk assets to raise their money holdings, the head of O...
Isarescu: Banks Aggresively Cut Short-term Deposits Rates, But Kept "Attractive" Long-term Interests
Romanian banks have cut the interest rates for short-term deposits, but the rates for longer term savings are still attractive compared with the ones offered on the international markets, ce...