LOANS
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Romanians Took EUR2B Mortgage Loans Since Crisis Debut
Mortgage lending recorded another month of growth in August, with the overall volume of loans climbing at the equivalent of EUR7.3 billion, helped by funding available through the state-guar...
Dramatic Fall For Consumer Loans: 1.3 Million Contracts Erased In Crisis
Nearly 1.3 million consumer loans were removed from banks’ balance sheets without being replaced by new ones since the end of 2008, when the crisis crept in and until August this year, accor...
Bankers See August Loan Sales Down Four-Fold
Banks had a harder time finding clients to whom to lend money in the last summer month, so that the volume of loans to individuals and companies rose by just EUR140 million in August, four t...
Central Bank Is Late To Discourage Foreign Currency Lending, Doesn’t Go All The Way
On a market where loans in foreign currency account for two thirds of overall household lending, the National Bank of Romania (BNR) wants to discourage foreign currency loans, especially mor...
Lending Freeze Turns Romanians Into Net Creditors Of Banks
The slow pace of lending and a higher interest in saving money turned Romanians into net creditors of banks, a position they have kept since last December. The gap between deposits and debts...
BNR Board Member: Many Non-Performing Loans Could Be Revived If Banks Really Wanted To
Foreign banks are suffocating companies and the government no longer has a powerful bank it can use to compensate business directions dictated by factors from abroad, says Nicolae Danila, fo...
Nearly EUR3 Billion Erased From Portfolios Of NBFIs Since The Crisis Started
Leasing companies and the other Non-bank Financial Institutions (NBFIs) have lost several tens of thousands of clients since the beginning of the crisis, with loan portfolios cut by a third.
Less Than 20% Of Romanian Companies Have Outstanding Loans
Less than 20% of the Romanian companies had outstanding loans at the end of June, down 17.4% on the year, central bank data showed.
Romaero Borrows RON24M From Royal Bank Of Scotland
Romanian aircraft repairs and maintenance company Romaero Bucuresti (RORX.RO) will borrow 24 million lei (EUR5.6 million) from the local unit of Royal Bank of Scotland to finance lending and...