interest
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Loan Broker: It’s A Good Time For Refinancing Loans Due To Lower Interests
Clients who contracted loans in the past years can benefit from the decrease of interests and refinance their loans, according to loan broker Stefan Ivan.
Romania Starts 2016 With Lowest Leu Loan Cost Ever
The year 2016 came with a first for the post-communist interbank market in Romania: the three-month ROBOR, used as a reference for the cost of leu loans fell to the all-time low of 0.98% per...
Central Bank Seeks to Align Minimum Reserve Ratios to European Standard In Two Years
The Romanian central bank is trying to create a clear path, regardless of the situation in Europe, that will allow it to keep lowering minimum reserve requirement ratios to align them to Eur...
New Leu-Denominated Retail Loans Up 46% In July On Year-Ago Month
Individual customers took out 2.6 billion lei (EUR586 million) new leu-denominated loans in July, RON800 million more than in the year-ago month, while companies borrowed RON1.9 billion wort...
Major Banks Push Leu Deposit Interests To Less Than 1%
Five of the top ten banks in Romania are now offering less than 1% interest per annum for one-month deposits, while the one-year deposits get 0.7% to 2.7%. The abundant supply of cash on the...
Only Four Banks Still Offer Over 3% For One-Year Deposits
The highest interest for a 12-month deposit currently stands at 3.4% and is offered by TBI Bank, a small player in Romania’s banking system. Second highest interest comes from Piraeus, 3.15%...
Entrepreneur: Small Companies Need Cheaper Loans
Banks need to be more flexible with the small entrepreneurs and make loans cheaper, because they are two or three times more expensive than in other European countries Romania is in direct c...
Romanian Banks Get Closer To Mature Western Markets’ Model
In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of intere...
Key Rate Cut May Push Leu Loan Interests To Less Than 5%
Interests on leu loans have gone down with each monetary policy easing step of Romania's central bank so they are now competing with the cost of foreign currency loans. The adjustment trend...