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LENDING

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Getin: RIB Is Ready To Resume Lending
Banks-Insurance

Getin: RIB Is Ready To Resume Lending

Romanian International Bank (RIB), taken over by Poland’s Getin group at the end of 2013, is set to resume lending in April, after in the past 3-4 months the bank was recapitalized and clean...

Catalina Apostoiu · 31.03.2014 · 14:24 · 3 min
Checkups With Credit Bureau, Up 80% In First 2 Months Of 2014
Banks-Insurance

Checkups With Credit Bureau, Up 80% In First 2 Months Of 2014

The Credit Bureau released, at bankers’ request, 1.9 million reports about the situation of existent and potential clients in January and February, up 80% year-on-year. Almost half of these...

Catalina Apostoiu · 12.03.2014 · 00:00 · 2 min
Cheaper Loans In Lei And Transactions Involving Small Banks Expected In 2014
Banks-Insurance

Cheaper Loans In Lei And Transactions Involving Small Banks Expected In 2014

The visible decline of leu interest rates should revive the demand for loans, but the major obstacle to the market rebound remains the absorption of the huge volume of non-performing loans.

Daniela Stoican · 06.01.2014 · 02:50 · 3 min
Central Bank Official: Lending in Romania Won’t Revive Until the Fall of 2014
Banks-Insurance

Central Bank Official: Lending in Romania Won’t Revive Until the Fall of 2014

The lending activity in Romania will not revive until the autumn of 2014, as banks are not ready to take additional risks before a new series of checkups of the central bank early next year,...

Bogdan Neagu · 05.12.2013 · 12:05 · 1 min
Olteanu: Romania Should Encourage Savings To Pare Down Deleveraging
Banks-Insurance

Olteanu: Romania Should Encourage Savings To Pare Down Deleveraging

The lending resources of Romanian banks can be increased by implementing policies to reduce the budget deficit and encourage savings, a central bank official said Wednesday.

Florentina Dragu · 27.11.2013 · 13:27 · 1 min
BCR, BRD Cut Exposure To Romania By Over RON8B In Past Year
Banks-Insurance

BCR, BRD Cut Exposure To Romania By Over RON8B In Past Year

BCR and BRD, Romania’s top two lenders, continued the deleveraging process in the third quarter of the year. The fact that market leaders are narrowing their exposure to the corporate sector...

Tudor Ioana Raluca · 15.11.2013 · 00:00 · 6 min
To lend or not to lend?  Let’s talk about we can do better together…
Analysis · Op-Ed by Tomas Spurny, CEO of BCR

To lend or not to lend? Let’s talk about we can do better together…

Recent media coverage of the banking industry in Romania raised important issues concerning ability and willingness of local banks to lend. In addition, we have wide ranging debate and recen...

Tudor Ioana Raluca · 10.10.2013 · 10:53 · 10 min
Romania Raised State Guarantee Cap To RON8B From RON3B – Minister
Banks-Insurance

Romania Raised State Guarantee Cap To RON8B From RON3B – Minister

State guarantees to stimulate private lending have increased from RON3 billion to RON8 billion for the period July 2013-June 2014, after the Government persuaded the IMF and European Commiss...

Oana Gavrila · 27.09.2013 · 14:22 · 1 min
Government Raises Funds For 2013 First Home Program By RON1B
Real Estate

Government Raises Funds For 2013 First Home Program By RON1B

Romania will increase funding for the state-guaranteed First Home mortgage lending program by 1 billion lei (EUR227 million), of which RON300 million will be available for the acquisition of...

Ioana Tudor · 30.07.2013 · 21:15 · 1 min