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Mortgage Loans In Lei Twice As Expensive As Those In Czech Crowns Or Polish Zloty
Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank in...
Bankers Sit On A Mountain Of Cash, Are Forced To Cut Loan Interest Rates
Money market interest rates, which are used as reference for loans in lei have fallen significantly since the beginning of this year because of excess liquidity, and this is starting to be f...
Romania To Subsidize Up To 5% Of Interest On Loans Taken By Farmers In 2011
Romania will subsidize the interest on loans taken by farmers between January 28 and December 31, 2011 by up to 5% in 2012 and 2013, according to an ordinance issued in 2010, whose methodolo...
BCR Makes Mortgage Loans In Euros More Expensive
BCR, the largest bank on the market, raised its interest rate margin by over one percent on euro-denominated mortgage loans, to 5.95% above six-month Euribor, and by half a percent for leu-d...
Banks Raise Lending Prices To Keep Profit Margin
Loans have become more expensive in the last few months after Romanian banks had steadily cut interest rates in the first half of the year, both for loans and for deposits.
CEC Attacks The Market Of Leu-Denominated Mortgage Loans With 5.97% Interest
State-held CEC Bank is selling until January 15 2012 leu-denominated mortgage loans with a fixed interest of 5.97% in the first year, after which it charges a margin of just 1.75 percent abo...
Banks Tighten Fight Over Clients’ Euro Savings
Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are for...
Can The Finance Ministry Keep Interest Spending Under Control?
The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will inc...
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...