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LEI

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Euro Remains By Far Romania's Preferred Currency For Mortgage Loans
Banks-Insurance

Euro Remains By Far Romania's Preferred Currency For Mortgage Loans

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei.

Neagu Bogdan Mircea · 04.01.2013 · 00:00 · 2 min
RBS: Large Companies Would Rather Live With Exchange Rate Risk Than Borrow Lei At Higher Costs
Banks-Insurance

RBS: Large Companies Would Rather Live With Exchange Rate Risk Than Borrow Lei At Higher Costs

The 6 percent gap between the interest rate on loans in the Romanian currency and that on loans in euros is too high for large companies, which means that even companies who do business excl...

Manuela Panescu · 12.12.2012 · 00:00 · 3 min
Banks Stop Promoting Loans In Lei For Consumers, Make Them More Expensive
Banks-Insurance

Banks Stop Promoting Loans In Lei For Consumers, Make Them More Expensive

Bankers have ceased promoting loans in lei and even made them more expensive over the past few months. The high interests that once discouraged customers from borrowing in domestic currency...

Oana Gavrila · 06.12.2012 · 08:12 · 3 min
Cojocaru, Volksbank: Trend Of Lending Is Shifting Towards Loans In Lei
Banks-Insurance

Cojocaru, Volksbank: Trend Of Lending Is Shifting Towards Loans In Lei

Lending to individuals remains frozen despite the promotional offers, so now banks are betting on loans in lei to companies.

Manuela Panescu · 11.10.2012 · 00:00 · 3 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
Loans In Lei Become More Expensive In January
Banks-Insurance

Loans In Lei Become More Expensive In January

Bankers made loans in lei more expensive at the beginning of the year, and cut interest rates on deposits attracted from clients, as they seek to boost their income from interest rate margin...

Radu Bostan · 02.03.2012 · 00:00 · 1 min
Negritoiu, ING: 2012 Will Not Be Any Better Than 2011
Banks-Insurance

Negritoiu, ING: 2012 Will Not Be Any Better Than 2011

Misu Negritoiu, the banker who has been running the local operations of the Dutch-held ING for five years and a half, does not expect 2012 to be any better than 2011 for banks or for the eco...

Radu Bostan · 29.02.2012 · 00:00 · 2 min
Negritoiu, ING: We Would Be Extremely Happy To Sell As Many Mortgage Loans In Lei As Possible
Banks-Insurance

Negritoiu, ING: We Would Be Extremely Happy To Sell As Many Mortgage Loans In Lei As Possible

ING Bank, the ninth largest bank on the Romanian market by assets, wants to make 2012 the year of lending in lei and plans to focus on selling products in local currency, from consumer loans...

Radu Bostan · 23.02.2012 · 00:00 · 3 min