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BNR: Private Lending +0.5% On Month To RON224.3B In March
Romanian private lending inched up 0.5% in real terms to 224.3 billion lei (EUR51.2 billion) in March from a month earlier, central bank data showed Thursday.
Bridge Bank Procedures Almost Ready
The Romanian central bank's plan for coping with problems in the banking sector is almost ready. The measures go from the transfer of assets from ailing banks to healthy banks, up to the set...
BNR: Romania FDI Falls To EUR253M In First Two Months
Romanian foreign direct investment, or FDI, fell to EUR253 million in the first two months of 2012 from EUR325 million in the same month a year before, the central bank said Thursday.
Romania Jan-Feb Current Account Deficit Widens To EUR663M
Romania's current account deficit widened to EUR663 million in the first two months from EUR251 million in the same period of 2011, due mainly to the doubling of the trade gap, central bank...
BNR Cuts Key Rate To A New Record Low Of 5.25%
Romania’s central bank (BNR) Thursday cut its key monetary policy rate by 25 basis points for the fourth consecutive time to a record low of 5.25% a year, amid a falling inflation and subdue...
BNR Profit Five-Times Lower In 2011, At RON300M
Romania’s central bank reported a pretax profit of 301.4 million lei (EUR70 million) in 2011, according to unaudited financial data, almost five times lower than the previous’ year’s result.
IMF Suggested Creating A "Bad Bank" But BNR Refused
Back when the previous stand-by arrangement was in place, IMF experts proposed the creation of a bad bank, which would manage ailing assets in the form of non-performing loans in the banking...
Free From BNR’s New Restrictions, Credit Cards Become Bankers’ Next Retail Bet
Now that consumer loans come with heavy restrictions imposed by Romania’s central bank, banks are turning to credit cards, unaffected by the new lending rules.
Romanian Central Bank Wins Lawsuits Filed By Former Volksbank Heads
The National Bank of Romania (BNR) has won the lawsuits filed against it in 2010 by Gerald Schreiner and Herwig Burgstaller, former managers of lender Volksbank Romania.