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New Corporate Loans in Lei Reach 14-Year Monthly High in December
December 2020 came with last year’s highest level of new corporate loans in lei, as well as the 14-year monthly high, RON4.7 billion. The growth of new corporate loans in lei in December 202...
New Retail Loans Down for First Time in 8 Years in 2020
New consumer and mortgage loans in lei and euros consumers took from banks fell by some RON2.7 billion or 7% from the 2019 level to RON34.3 billion in 2020. Last year was the first of declin...
Mortgage Loans Up 10% in 2020
Mortgage loan volume went up by more than 9.8% or RON8 billion to RON89 billion lei year-on-year in 2020, and lenders offset the decline in consumer loans with the higher sales for buying a...
Consumers and Companies Saved More Than They Borrowed in 2020
The loan volume was lower than the savings consumers and companies kept in banks in 2020, as the loan growth rate slowed down, and the speed of deposits is more than double the increase in l...
Mortgage Loans in Lei Reach New High in November 2020
Romanians took out more than 1.47 billion lei in new mortgage loans in lei in November, the highest level in the past year, with only October 2019 recording a slightly higher figure of RON1....
Paper Manufacturer Pehart Tec Gets EUR51M Syndicated Loan
Paper manufacturer Pehart Tec Group held by private equity firm Abris Capital, will get a EUR51 million syndicated loan and plans to use some of it for the development of its plants in Petre...
New Mortgage Loans in Lei Peak in October
Romanians took out new mortgage loans worth 1.36 billion lei in October, the highest level in 2020. The volume was down 8.1% compared with the year-ago month.
Bankers Are Happy: October Fourth Best Month for Consumer Loans in 2020
Demand for consumer loans in Romania has increased in the fall after the summer rekindled appetite for such loans, following the significant decline in the spring due to the lockdown caused...
EBRD Announces New EUR10M Loan For Romania’s Agricover
The European Bank for Reconstruction and Development (EBRD) has announced a new loan, worth EUR10 million, for Romania’s leading distributor of agricultural technologies Agricover, to meet g...