LENDING
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Isarescu: Banks Are Too Busy Fixing Old Policies To Address New Loans
Romanian banks are too busy correcting their lending policy applied in the years prior to the global financial crisis to focus on new loans, central bank governor Mugur Isarescu said Wednesd...
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...
How Much Bankers Get Back From A Loan In Default
Bankers manage to get back only 30% of unsecured consumer loans that default, with the rest amounting to losses, according to a study by the Romanian central bank BNR, conducted on a quarter...
Leasing And Consumer Finance Companies Cut Portfolios By EUR1B In Two Years
Lending granted by non-bank financial institutions (NBFIs) included in the special register of the Romanian central bank narrowed by 14% in the past two years and reached 29.4 billion lei (E...
Erste: We Will Favor Lending In Lei
Erste Group and its local subsidiary, BCR, will continue to finance the Romanian economy, and will give priority to new leu-denominated loans, while keeping a conservative approach to foreig...
Romanian Central Bank Has A Program To Encourage Lending In Lei
The three consecutive cuts of the key monetary policy rate from 6.25% to 5.5% made by the central bank since November last year and the constant liquidity boosts through repurchase agreement...
Romanians Didn't Feel The Economic Growth Last Year, But They Could See A Slowdown In 2012
The Romanian economy returned to positive territory last year, after two years of recession, but the growth of the gross domestic product was not felt by the people, as signs of a consumptio...
Romania’s Banks Are Taking The Brunt Of The Crisis
Bankers are having a tough time digesting the economic crisis, which is now entering its fourth year, and this is clearly shown in the results. After record profits in 2008, the peak year, o...
Only Half Of The EUR50B Loans Taken From Banks Are Paid On Time
The relaxed lending terms in the past and the decline in the customers’ incomes during the crisis are now putting pressure on the banks’ portfolios, and bankers are seeing fewer and fewer cu...