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How Much It Would Have Cost Mark Zuckerberg To Get A Home Loan In Bucharest
How much would Mark Zuckerberg have paid, had he taken out a loan in Romania? Twice as much as he is due to pay for his loan in the US.
International Turmoil And Shortage of Cash Keep Retail Lending Frozen
Romanians did not rush to borrow money from banks in the first half of the year despite promotional offers. Those who will seek to a get a loan soon might pay high interests and find it more...
Leu Depreciation Adds EUR100M To Borrowers’ Bill
The depreciation of the leu and the rise in money market interests add extra charges to the bill of the four million Romanians who took out loans from banks.
Comelf Seeks EUR5.8M Loans To Finance Operations, Investments
Romanian industrial equipment maker Comelf Bistrita (CMF.RO) plans to borrow up to CHF7 million (around EUR5.8 million) in the next twelve months to finance current operations and future inv...
BCR Banca pentru Locuinte 2011 Net Profit Rises To RON12M
BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, Thursday reported a net profit of 11.98 million lei (EUR2.74 million) in 2011, well above RON1.74 million a...
Banks Sold EUR700M Bad Loans To Debt Collectors In 2011
Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks s...
IFC Romania: No Local Bank Wants To Hand Its Toxic Assets Over To Us
International Finance Corporation, the investment division of the World Bank, has shown its willingness to help banks process non-performing loans and invested in funds that restructure such...
Romanians Get A Taste For Long-Term Savings
Romanians’ appetite for long-term savings has increased spectacularly lately thanks to the more generous offers from banks attempting to balance their portfolios.
Mortgage Lending Growth Slows Down In February
The mortgage lending growth pace in February was half the monthly average of 2011, because not even government-secured loans are drawing customers to banks.