LOANS
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BNR: Loan Restructuring Not Enough To Bolster Debt Repayment
Romanian banks didn’t quite benefit from loan restructuring schemes over the past year, mostly due to adverse economic conditions, and the low repayment ratio is putting pressure on lending...
Volksbank Romania: New Lending Rules Have Little Effect In A Dead Market
Romanian central bank’s latest regulations for consumer loans will have minimum impact on commercial lenders, as the local market is currently idle, but potential clients are bound to feel f...
Swiss National Bank Makes EUR200M Gift To Franc Loan Holders
The Swiss central bank made an unexpected gift to the 50,000 of holders of Swiss franc loans in Romania, after its announcement that it will do everything in its power to depreciate the fran...
Overdue Bank Loans Of Individuals And Companies Reach EUR4.4B
Overdue payments on individual and corporate loans continued to rise and reached RON18.5 billion (EUR4.4 billion) in July, accounting for 7.4% of overall amounts due, according to data of th...
Bankers Sold Mortgage Loans Worth EUR100M In July
Sales of state secured loans sped up mortgage loan growth in July, with the volume of funding for buying a home climbing by the equivalent of EUR100 million last month.
Mechel Targoviste, Sister Cos. Take Out Loans To Finance Capital
Romanian steel maker Mechel Targoviste (COS.RO) Friday approved taking out two loans together with three sister companies within Mechel group to refinance older credits and finance working c...
Raiffeisen Granted Loans Amounting To EUR300M In 1H
Raiffeisen Bank, the fourth largest bank by assets in mid-2011, has granted loans worth around EUR600 million over the past year, managing to expand its portfolio by 23% from mid-2010, to EU...
Swiss Franc Strengthening Brings Special Measures At OTP
The rocketing Swiss franc, which climbed beyond the RON4 threshold, pushed OTP Bank to take unprecedented steps to support clients: a one-percentage point interest cut over periods of six mo...
Foreign Market Rout Hurts Romanians With Swiss Franc Loans
Strong emotions for the 50,000 Romanians holding Swiss franc-denominated loans totaling EUR3.2 billion: the leu/franc exchange rate climbed beyond RON4 on Tuesday, marking an over 40% increa...