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Price Of Stronger Leu: Leu Interest Rates Reach Year High
The leu last week recovered some of the ground it lost against the euro in recent months. Its newfound strength came at the cost of an increase in interbank rates at the highest level this y...
CFR Calatori Wants To Borrow RON100M For Loan Refinancing, Working Capital
Romanian state-owned passenger railway carrier CFR Calatori on Friday said it plans to contract a credit line of 100 million lei (EUR22 million) which will be used to refinance its old loans...
BCR Limits Foreign Mortgage Lending
Romanian top lender Banca Comerciala Romana (BCR) will target its mortgage lending at borrowers in domestic currency to protect them against currency exchange risks, the bank said Wednesday.
Cojocaru, Volksbank: Trend Of Lending Is Shifting Towards Loans In Lei
Lending to individuals remains frozen despite the promotional offers, so now banks are betting on loans in lei to companies.
BCR Has EUR45M For Local Currency Loans Under First Home Program
Romania’s Banca Comerciala Romana has received an additional EUR45 million for the First Home program, which it intends give out as loans in lei as soon as legislation amendments to the prog...
Ghetea: SME’s Foreign Currency Lending Could Be Conditioned On Foreign Currency Resources
The new regulation on foreign currency lending to small and medium-sized enterprises (SMEs) could condition borrowing in hard currency by obtaining revenue in the said currency.
CEC Bank Lending Rises 6.7% To RON11.2B In 8 Months
Romanian state-owned lender CEC Bank Tuesday said its loan portfolio was up 6.7% to 11.2 billion lei (EUR2.5 billion) at the end of August, from RON10.5 billion in December last year.
Parliament Approves Romania’s 2011 EU, IBRD Loans, Higher Contribution To IMF
Romania’s Parliament has approved Tuesday two of the country’s 2011 loan agreements with the European Union and the International Bank for Reconstruction and Development, respectively, and a...
OTP Bank Romania: Consumer Savings Up 8.6% In 4-Mos
OTP Bank Romania reported a 8.6% increase of the consumer savings during the first four months of 2012, the clients mainly choosing deposits with six-month maturity, the bank said Monday.