LENDING
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Lending Seen Growing 2.3% This Year, 4.3% In 2016 - Survey
Lending will grow 2.3% this year and 4.3% next year, especially on the retail lending segment, where it is seen growing 5.2% in 2016, driven by the First Home mortgage lending program, while...
Number Of Mortgage Loans Tops 300,000 After Interest Drop
The number of home buying loans overshot the 300,000 mark, driven by the leu lending. The stock of leu-denominated mortgage loans tripled in one year to more than 10 billion lei (EUR2.3 bill...
Bancpost Completes Restructuring; Wants To Boost Lending
Bancpost, the Romanian subsidiary of Greek group Eurobank, has finalized the restructuring process through which it shut down a quarter of its branch and agency network last year and in 2015...
BRD: Loan Demand Weak Despite Lowest Interests Ever
Philippe Lhotte, BRD chairman and chief executive officer of two and a half years, expects only a slight rise in lending business this year because demand remains weak despite the drop in in...
Banks In Romania Hoard Deposits, But Lending Nosedives
Banks in Romania had loans granted to individuals and companies worth around 212 billion lei (the equivalent of EUR47 billion) at the end of 2014, down RON7 billion against the end of 2013....
Romanian Currency Acquires Strenght: Leu-Denominated Loans Climb To 40% Of All Retail Loans
The weight of leu-denominated loans has risen by 8% in the past two years, a period that saw a significant decline of leu interest rates and the withdrawal of foreign currency financing line...
Cleanup Process Halts, But Banks Still Have EUR13B Worth Of Bad Loans On Their Hands
Banks in Romania slowed down balance sheet cleanup at the end of last year, with the weight of bad loans stagnating at 15.3% of the total loan volume in October, according to BNR data. Again...
Leu Lending Gains Momentum
RON-denominated consumer loans totaled 23.8 billion lei at the end of October, up almost 3%, and RON600 million respectively, from the year-earlier period. Against September, the volume of s...
Ghetea: CEC Bank Needs Strategic Shareholder
Radu Ghetea, who has been at the helm of Romanian state-run CEC Bank since 2007, says he wants the bank to be more active on the lending market but this depends on finding new capital source...