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Consumer Finance Company Cetelem Sales Up 25% In Nine Months
Cetelem, the largest consumer finance company on the market, controlled by French group BNP Paribas, sold 25% more new loans in the first nine months of 2011 compared with the corresponding...
Consequences Of Romania’s Failure To Borrow Money From The US Market
The pressure on leu interests will go up again and the government will remain trapped in short-term funding on the local market. In a worst case scenario, Romania might end up borrowing mone...
ING: No Chance For Cheaper Retail Loans
A higher appetite for saving money rather than borrowing it, more inquiries about leu loans, the lack of prospects for cheaper loans in general and the decline of the consumer lending market...
Romania Could Tap Foreign Markets For EUR2.8B In 2012
The Romanian Finance Ministry plans to borrow EUR1.3 billion from international markets to cover half of next year’s budget deficit, but the total amount attracted from foreign creditors cou...
CEC Attacks The Market Of Leu-Denominated Mortgage Loans With 5.97% Interest
State-held CEC Bank is selling until January 15 2012 leu-denominated mortgage loans with a fixed interest of 5.97% in the first year, after which it charges a margin of just 1.75 percent abo...
Over 700,000 Romanians Have Past Due Debts With Banks Totaling RON7 Bln
Past due payments on individual loans exceeded the 7 billion lei (EUR1.6 billion) mark in September, rising 42% in the past year. The volume of overdue household loans tripled against Septem...
BCR: Loans Restructured Three Or Four Times Triggered 3Q Loss
BCR, the largest bank on the Romanian market by assets, wrote off as losses several big-value loans granted to companies with financial problems, which were restructured several times during...
Home Prices To Continue Decline
The overall decline trend of the real estate market will “most likely be higher than a single digit over the next sixteen months, will translate into a less and less active market, a decline...
Banks Caught Off-Guard By International Turmoil As Loans Exceed Deposits
Turmoil on the international financial market has caught local banks off-guard, after they grew too reliant on funding from parent banks and as such let the imbalance between loans granted a...