LOANS
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ALB Romania Members Granted Loans Of EUR469M In 2011, Up 15.4% On Year
The members of financial association ALB Romania last year gave out loans of EUR469 million, up 15.4% compared with 2010, according to data presented in a press conference.
OTP Bank Romania Eyes Up To 9% Higher Loans In 2012
OTP Bank Romania, the local unit of Hungary’s financial group OTP, estimates its loan portfolio will increase by 7% to 9% in 2012, fueled by higher consumer loans and increased financing for...
Loans In Lei Become More Expensive In January
Bankers made loans in lei more expensive at the beginning of the year, and cut interest rates on deposits attracted from clients, as they seek to boost their income from interest rate margin...
Negritoiu, ING: 2012 Will Not Be Any Better Than 2011
Misu Negritoiu, the banker who has been running the local operations of the Dutch-held ING for five years and a half, does not expect 2012 to be any better than 2011 for banks or for the eco...
Negritoiu, ING: We Would Be Extremely Happy To Sell As Many Mortgage Loans In Lei As Possible
ING Bank, the ninth largest bank on the Romanian market by assets, wants to make 2012 the year of lending in lei and plans to focus on selling products in local currency, from consumer loans...
Bankers Sit On A Mountain Of Cash, Are Forced To Cut Loan Interest Rates
Money market interest rates, which are used as reference for loans in lei have fallen significantly since the beginning of this year because of excess liquidity, and this is starting to be f...
Interest Rates Are Declining Slowly, But Loans Are Still More Expensive Than In 2010
Romania's central bank (BNR) has managed, by easing its monetary policy, to make loans cheaper in December than in previous months, but interest rates are still above the level recorded at t...
Now That BNR Cut Key Rate To 5.5% When Will Loan Interests Follow Suit?
The central bank has cut the key rate by 0.75 percentage points since November, to 5.5% but a number of banks like BCR, Raiffeisen, Emporiki and Garanti did the exact opposite not long ago w...
Banks Granted EUR1B Mortgage Loans Last Year
Loans granted by Romanian banks for home acquisitions rose by EUR1 billion last year, reaching the equivalent of EUR7.75 billion, according to data from central bank BNR.