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ING Head: Mortgage Loans In Lei Increased Share In Overall Mortgage Lending To 15%
Banks-Insurance

ING Head: Mortgage Loans In Lei Increased Share In Overall Mortgage Lending To 15%

Mortgage loans in lei granted by ING Bank have reached 15% of overall mortgage lending nine months after the bank’s strategic decision to no longer sell retail loans in euros.

Ecaterina Craciun · 17.10.2013 · 00:00 · 5 min
Isarescu: Banks Have No Choice But To Cut Interest Rates
Banks-Insurance

Isarescu: Banks Have No Choice But To Cut Interest Rates

Romanian central bank governor Mugur Isarescu Monday said commercial lenders “will have no choice” but to reduce lending rates following the central bank’s monetary policy decisions over the...

Florentina Dragu · 30.09.2013 · 17:18 · 1 min
Analysts See No Major Changes For Leu Trading After Rate Cut
Banks-Insurance

Analysts See No Major Changes For Leu Trading After Rate Cut

The Romanian leu could trade at around 4.43 per euro in December, not much changed from 4.42 per euro in today’s session, according to a survey released Monday by the association of financia...

Bogdan Neagu · 12.08.2013 · 17:31 · 1 min
BRD VP: Euro And Leu Market Rates Reflect The Key Rate Difference
Banks-Insurance

BRD VP: Euro And Leu Market Rates Reflect The Key Rate Difference

Comparisons between interest rates in Romania and the euro-zone are “inappropriate” as they do not take into account the “enormous disparities” between the risks and the structure of the two...

Bogdan Neagu · 31.05.2013 · 13:02 · 1 min
Bankers Won’t Cut Interest Rates Because Central Bank Says So
Banks-Insurance

Bankers Won’t Cut Interest Rates Because Central Bank Says So

Steven van Groningen, chief executive of Raiffeisen Bank, says loan interest rates will be gradually cut, but the cuts will be made depending on market conditions, not because somebody order...

Oana Gavrila · 15.05.2013 · 08:11 · 4 min
Isarescu: Lower Interest Rates To Depress Domestic Savings
Banks-Insurance

Isarescu: Lower Interest Rates To Depress Domestic Savings

A lower monetary policy rate would discourage domestic savings, while hurting economic growth, Romanian central bank governor Mugur Isarescu said Tuesday.

Florentina Dragu · 05.02.2013 · 17:40 · 1 min
Interest Rates On Government Securities Could Fall Below 5%
Capital Market

Interest Rates On Government Securities Could Fall Below 5%

Mihail Ion, chairman of management company Raiffeisen Asset Management, which manages assets of 3.6 billion lei (EUR830 million), expects interest rates on government securities to continue...

Manuela Panescu · 22.01.2013 · 00:00 · 1 min
Liquidity Shortage Drives Romania Interbank Rates Over 9%
Banks-Insurance

Liquidity Shortage Drives Romania Interbank Rates Over 9%

Overnight interest rates on Romanian leu-denominated deposits rose to 9.25% in the interbank market Thursday, from 4.8% a day earlier, amid liquidity shortage.

Florentina Dragu · 23.08.2012 · 15:16 · 1 min
Deposit Interest Rates In Lei And Euro Tend To Even Out
Banks-Insurance

Deposit Interest Rates In Lei And Euro Tend To Even Out

Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits...

Razvan Voican · 07.03.2012 · 00:00 · 2 min