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BNR Promises To Adjust Monetary Policy "Gradually"
An easing of the monetary policy is yet to be seen despite inflation falling abruptly, because of doubts over external developments, capital flows and administrated and volatile prices.
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...
Entrepreneurs Believe BNR Will Cut Key Rate This Time
Businesspeople continue to expect a signal from the central bank (BNR) to boost the economy by encouraging lending, after a year and a half during which the key rate has been frozen at 6.25%...
Garanti: New Lending Rules To Cause Decline, Market Will Adjust Though
The new regulations Romania’s central bank (BNR) has prepared for household lending will certainly lead to a decline of the retail banking business, says Murat Atay, general manager of Garan...
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...
Austrian Banks Add EUR0.5B To Romanian Market, French Banks Withdraw EUR4.8B
Austrian banks increased their exposure to Romania in the first quarter of this year, while French and Greek banks reduced their financing lines, according to data from the Bank of Internati...
Maximum Discretion About Bankers’ Proposals For Draft Restricting Lending To Individuals
Tuesday is the deadline by which the Romanian National Bank accepts comments and proposals on the draft regulation set to drastically restrict lending in foreign currency to individuals, but...
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.