LENDING
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Romanian Banks Use Loan Revenue To Repay Funds To Parent Groups, Says BNR Board Member
Romanian banks use most of their loan revenue to repay the capital received from mother banks, as the latter continue a deleveraging process started last year, an official of the central ban...
Corporate Loans In Lei Return To Two-Digit Interest Rates
The average interest rate on the new leu-denominated corporate loans increased to almost 10% a year, 0.5% above the minimum of last spring. This means bankers are again charging interests th...
Radu, Unicredit: 2013 Will Be Sluggish, With No Signs Of Economic Growth
The year 2013 will be lethargic – liquidity will no longer be a problem for the banking market, but we shall witness a lack of loan demand and it is very difficult to tell where economic gro...
Romania’s Central Bank Sets Stricter Foreign-Currency Lending Rules
Romanian banks will provide corporate loans in foreign currency only after carrying out default risk simulations to take into account a severe depreciation of the leu against the main curren...
ING Bank Romania To Grant Household Mortgage Loans Only In Lei As Of 2013
ING Bank Romania will grant household mortgage loans only in lei as of January 1, 2013, due to the risk of taking a loan in foreign currency while people’s income is earned in local currency...
IMF Sees Flat Or Negative Credit Growth In Romania, Other CEE Countries
Euro area banks are targeting lower loan-to-deposit ratios and less cross-border funding in Central and Eastern Europe, leading to flat or negative near-term credit growth in the region, par...
BNR May Limit Foreign Lending To SMEs
Romania’s central bank may extend the scope of its recently introduced foreign lending regulations to cover a wider range of debtors exposed to exchange rate fluctuations, including small- a...
International Turmoil And Shortage of Cash Keep Retail Lending Frozen
Romanians did not rush to borrow money from banks in the first half of the year despite promotional offers. Those who will seek to a get a loan soon might pay high interests and find it more...
Bankers At ZF Summit: We’ll Wait For Economy To Rebound First Before Granting Loans Again
Bankers in Romania say that even though they have funds, they will wait for the economy and lending demand to rebound first before promoting loan sales more aggressively.