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BNR Expects Rate Cut To Show In Loan Interests
The persistence of low demand in the economy and the weak lending have persuaded the central bank (BNR) to finally relax the monetary policy after an eighteen-month hiatus.
Isarescu: Financial Crises Are Impossible To Avoid
The financial system invests in the future, takes on risks, so it is impossible for it not to be in offside position from time to time. Financial crises cannot be avoided, they can only be m...
Vasilescu, BNR: Romania Capital Inflows At EUR16B Before Crisis; The Money Is Gone Now
Romania benefited from annual capital inflows of around EUR16 billion on average between 2004 and 2008, but the global financial crisis took a big chunk out which is not coming back, a centr...
BNR Bought Foreign Debt Of EUR28B In January-August
Romanian central bank bought foreign treasuries worth 117.8 billion lei (EUR27.9 billion) in the first eight months, equal to roughly 76% of the overall international reserves.
Business Vs BNR: Lower Rates Needed To Boost Consumption
Lower interest rates would allow the government to borrow cheaper and implicitly help the economy, but the Romanian central bank (BNR) is more preoccupied with protecting the leu rather than...
BNR Advises Greek Banks To Build Up Cash Reserves Just In Case
Officials of the six Greek bank branches went to the central bank to discuss action plans to be used in case of contingency.
Bankers Keep Pressure On Old Clients With 6% Interest Margins
Bankers are keeping up pressure on clients holding loans as these are the main income source given the low sales of new loans.
Euro-Denominated Bonds Accepted By BNR In Repo Operations
Lenders can now get cash from the Romanian central bank (BNR) in exchange for their portfolios of euro-denominated bonds, issued by the Finance Ministry on foreign markets, in repurchase agr...
Danila, BNR: Banks Need To Attract Long-Term Deposits, But Interest Gains Will Diminish
Over the economic boom period, lending was supported by funds attracted by Romanian banks from their foreign shareholders, but strategies have changed during the crisis and many groups are n...