interest
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Three-Month ROBOR Rises to 2.15% a Year on October 14
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, continued its upward trend on T...
Lunic Franchising Consulting Halves Sphera Franchise Group Interest
Sphera Franchise Group (SFG.RO), the operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, which is also developing the KFC brand in Moldova and Italy, on Monday notified the...
Romania Amends Loan Repayment Decree to Eliminate Additional Interest
Romania's government Monday evening amended a decree allowing borrowers to postpone their bank loan repayments for up to nine months, until the end of 2020, eliminating additional interest t...
Banks’ Interest Income Five Times Higher Than Interest Expenses In 2019
Lenders’ interest income reached RON18.8 billion in 2019, while interest expenses stood at merely RON3.6 billion.
United Group Becomes Competitor of Orange and Digi for Telekom Romania
Telecommunications group United Group, which has operations in seven countries in the region, is held by US-UK private equity firm BC Partners and has just signed the deal to take over Vivac...
Switzerland’s Sika One Step Away From Buying Construction Materials Manufacturer AdePlast
Swiss mortar and construction adhesive manufacturer Sika is in advanced talks to buy Romanian-held AdePlast, construction market sources say.
Lenders’ Interest Income Sees Double-Digit Growth In Q1
Romania’s banking system reaped the rewards of the rise in inflation and interbank rates in the first quarter, so all major players posted significant growth of 8% to 22% of the net interest...
Romania 3-Month Money Market Rate Hits New High at 2.73%
The 3-month money market interest rate used to calculate interests for consumer loans in lei grew to 2.73% Wednesday from 2.68% Tuesday, central bank data showed.
BCR, BRD, CEC Bank And Raiffeisen Keep Leu Deposit Interests Low Despite Rising Key Rate and Inflation
The raise of the key rate three times this year to 2.5% and the upward inflation trend are not pressuring bankers to raise deposit interests. Some large banks are keeping interests for leu d...