LENDING
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Overdue Loan Repayments Drop 8.7% on Year in July
Overdue bank loan repayments grew a slight 0.1% in July compared with June but dropped 8.7% on the year, to RON6.8 billion, central bank data showed.
Corporate Lending in Lei Rebounds in June
Banks in Romania granted 2.3 billion lei in new loans to companies in June 2020, more than in April and May, when lending fell due to the lockdown caused by the COVID-19 pandemic.
Sergiu Manea, BCR CEO: One Of The Goals Is Avoiding Romania’s Rating Downgrade
A downgrade of Romania’s rating to junk would cause a chain reaction, so the government should do everything in its power for the rating agencies not to downgrade Romania’s rating, believes...
François Bloch, BRD: Lending Will Continue
Banks are adapting to the new situation caused by the coronavirus crisis and lending will continue, but it remains to be seen at what rate, depending on the business strategy, risk appetite...
IFC Invests EUR18.5M In EFSE To Boost Lending To MSMEs In ECA Region
International Finance Corporation (IFC), a member of the World Bank Group, is investing EUR18.5 million in the European Fund for Southeast Europe (EFSE). The facility will be used for on-len...
Romania’s Banking System Sees RON2.77B Profit in H1
The net profit of the Romania’s banking system reached about 2.77 billion lei (EUR586 million) at the end of the first half, while assets rose to a new high of RON458.8 billion, as lending w...
Romania Banking System Assets Hit New Record High Of RON451B In 2018
Romania’s banking system reached assets of RON451.1 billion (EUR97 billion) in 2018, a new record high, due to lending growth, central bank data show.
New Lending Restrictions Applicable Starting January 1, 2019
New lending rules limiting the allowed indebtedness ratio on mortgage and consumer loans will be applicable starting January 1, 2019, the central bank said in a statement.
Romanian Central Bank Caps Indebtedness Ratio for Consumer, Mortgage Loans
Romania's central bank board on Wednesday approved new lending rules, limiting the indebtedness ratio allowed for consumer loans and mortgage loans.