LOAN RATES
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BCR Cuts Rates On Leu-Denominated Loans
Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), on Monday lowered by up to one percentage point its interest rates on leu-denominated mortgage and consumer loans, the lender said in a statement.
UniCredit Tiriac: Lending Rates Unlikely To Ease Much As Risk Cost Still High
Loan interest rates in Romania are not likely to decline by much in the following period, because of a high level of risk costs in the banking system, particularly with non-performing loans,...
BCR: Interest Rates On Low Risk Leu-Denominated Loans To Fall Below 6%
Romania’s largest bank BCR Tuesday estimated that interest rates on low risk loans in domestic currency could fall below 6% in 2014, close to foreign currency loan rates.
Romania Central Bank Will Do Everything Possible To Balance Loan Rates
Romanian central bank governor Mugur Isarescu Wednesday said that his bank would do “everything possible” to help narrow the gap between interest rates on domestic and foreign currency loans...
UniCredit Tiriac CEO: Loan Rates Will Stay High Due To Weak Economy
Interest rates on leu-denominated loans will stay high due to weak economic performance, the head of UniCredit Tiriac Bank said Wednesday.
Raiffeisen Bank Romania’s CEO Sees Scope For Lower Loan Rates
The chief executive of Raiffeisen Bank Romania said Tuesday local bankers could follow the central bank’s lead and cut interest rates on loan facilities, but the process would be rather leng...
Isarescu: Lenders Should Cut Rates To Boost Demand
Romanian central bank governor Mugur Isarescu said Wednesday that the institution’s move to cut interest rates on its standing facilities should reflect in lower loan rates on the interbank...