SWISS FRANC
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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...
Isarescu: BNR Won’t Mimic Hungary’s Response To Stronger Swiss Franc
Romanian central bank is not looking to impose Hungary-like measures on Swiss franc lending, despite rising interest rates, central bank’s governor Mugur Isarescu said Monday.
Swiss Franc Might Climb To RON3.9
Those who now regret that they took out a loan in Swiss francs, as the franc is now 75% stronger against the leu compared with 2007-2008, at around RON3.7, should prepare for worse. Foreign...
Investors Abandon Leu And Bucharest Shares Fearing Italy Debt Problems
The leu and the Bucharest Stock Exchange fell 2% in the past two days, after international investors responded anxiously to fears that Italy and potentially even Spain could face similar pro...
Leu Touches New Low Against Swiss Franc At 3.5472
Romania’s leu widened early losses against major currencies in mid trade Monday, amid a negative sentiment in the international markets, and the indicative versus the Swiss franc fell to 3.5...
Overdue Swiss Franc Loans Double In One Year
With the Swiss franc at an all-time high against the leu, bankers can do nothing but sit and watch the overdue loans rise fast. After the franc has gone up 60% against the leu since the begi...
Foreign Currency Borrowers - From Yesterday's Dream To Today's Nightmare
Clients with high incomes, wooed by bankers during the boom years with high foreign currency loans and installments as high as three quarters of their salaries at times, are now giving banke...
Leu Exchange Rate At 4.2088 Vs Euro; Falls To All-Time Low Vs Swiss Franc
Romania’s leu extended early losses against the euro in mid trade Thursday and the central bank’s reference weakened 0.8% to 4.2088 units, the lowest rate since March.
Popa, BNR: Stronger Swiss Franc Unlikely To Push NPLs Higher
Romanian banking sector is not likely to experience a substantial increase in non-performing loans following the leu’s depreciation against the Swiss franc, central bank deputy governor Cris...