LENDING
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Bankers To Clean Up Portfolios Before Turning On Lending Tap
Bankers are waiting to clean up their portfolios by removing fully provisioned non-performing loans from their balance sheets before boosting lending, but continue to complain about really w...
Large Banks In Romania Unable To Revive Lending In 1Q/2014
The ten large banks in Romania, with more than 3% market share, did not help revive lending in the first quarter of 2014 either, as the only one of the pack to have seen a significant increa...
Retail Lending Interests Hit All-Time Low In April
Retail loan interests fell to a new all-time low of 8.7% a year in April, while the average cost of borrowing for companies returned to less than 7% a year, a level it had reached at the end...
Isarescu: Divorce Of Banks And Companies Still Dominant
The latest March data show a rebound in lending, yet the rebound is not that strong, as the ‘divorce’ of banks and companies is still dominant.
CEC Bank’s Chief: Romanian Lending Showing Signs Of Recovery
Romanian lending is showing signs of recovery, with banks reporting increased demand for both business and consumer loans, CEC Bank’s president Radu Ghetea said Tuesday.
Banks Amass RON500M Net Profit In 2 Months Despite Still Frozen Lending
The banking system posted cumulated net profit of around 500 million lei (EUR112 million) at the end of February, slightly higher than the gain for the entire 2013, though bankers complained...
UniCredit Tiriac Bank Shifts Focus To Lei Funding On Interest Rate Plunge
Leu and euro-denominated loan costs have become comparable, but the Romanian central bank needs to carefully monitor the volatility of interbank market interest rates so that foreign currenc...
Garanti Bank: Companies Must Carry Out Investment Projects To Become Profitable
Companies ought to carry out investment projects that attract foreign or local capital and become profitable to be able to contract bank loans, said Rozalia Pal, chief economist with Garanti...
TBI Increased Lending By 20% In Romania In 2013
Israeli-held TBI Financial services in 2013 raised by almost 20% the volume of loans released on the Romanian market, to EUR67 million, an evolution mainly driven by the launch of banking op...