interest
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Corporate Bank Deposits Up To RON84B Despite Low Interest
Companies keep 84 billion lei (EUR19 billion) in banks, having increased their deposits by 8% in the past year, even though interest rates are below 2%, which clearly shows how little appeti...
Isarescu: Decision To Cut Key Rate To 3.25% Not An Easy One
Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interes...
Banks Cling On To Very High Margins On Consumer Loans
The leu consumer loans, whose resurgence bankers expect to boost their revenue, are being offered at a more than 10% yearly interest, even though banks pay 2% to 3% for deposits from consume...
Farming Growth Boosts Interest In Agricultural University Degrees
The number of high school graduates who enroll at the faculties of the University of Agronomic Sciences in Bucharest has constantly increased in the past three years so all undergraduate pla...
Retail Lending Interests Hit All-Time Low In April
Retail loan interests fell to a new all-time low of 8.7% a year in April, while the average cost of borrowing for companies returned to less than 7% a year, a level it had reached at the end...
Banks Try To Revive Consumer Loan Sales With Interests Below 10%
Banks are trying to revive sale of consumer loans by charging lower interests and cutting fees, now that the crisis has eaten into their revenue and profits.
Leu Loan Interests Close To Matching Euro Loan Rates
Interests on leu loans are close to matching the foreign currency loan rates, now that the three-month ROBOR, which banks use as a reference when deciding how much to charge for most leu-den...
Interest Rates On Mortgage Loans In Lei Fall Below 7% A Year
The annual percentage rates for the cheapest offers of real estate loans in lei have settled around 6% after banks have in the past two weeks adjusted the cost of loans to the trend of inter...
Leu Reaches Lowest Rates On Money Market Ever
The three- and six-month ROBOR rates, the indicators of the money market used as a reference when setting prices for leu loan contracts, have plunged to all time lows of less than 4% this ye...