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Citeste ultimele stiri din Banks
ArchiveThe EU discriminates Romania in the CEC recapitalization affair
The EU’s Competition Directorship refused to validate as legal the recapitalization initiative of one of the two Romanian banks through which the state plans to save the economy. Instead, Ireland gets, as an “incentive” to review the referendum of the Lisbon Treaty...
Banks still await clarifications about the “First House programme”
The first loan contract for the “First House” programme was signed on the 8th of July, and BRD Romania is the first banking institution which signed the first warranty convention with the Romanian state. The other credit institutions wait their turn, but not before the Warranty Fund...
The number of people who didn’t pay their loans doubled in the last 12 months
According to the Banking Risks Principal Office, this year’s unpaid debts formed 2.5% of the total of loans. Even more, 200.000 people were in default for loans of over 20.000 RON, meaning almost 20% of the clients in this loan margin. Comparative to the values recorded last year, the...
Banks will start to grant credits at increased level hardly in spring
The mix formed by the financial crisis and the new regulation of the National Bank concerning the loans seem to be fatal for the crediting system in Romania. Even the bankers recognize it and they appreciate that if those two events hadn’t taken place in the same time, the loaning...
Banks have managed to guess the code of Romanians
The repeated increase for interests to deposits seems to have touched at least partial the goal. Romanians begin to deposit their savings in bank lured by the profitability of the placement. Moreover, the Romanian leu is preferred when it comes about deposits, however it isn’t chosen when...
We will have two consecutive years inflation target failure
Even if the yearly installment of inflation got lower in the last month of last year from 6,67% in November till 6,57%, the level is with more than a percentage point over the maximum limit of the aimed interval by the National Bank. More, the estimations show that 2008 is another year in which...
The absence of information doubles the costs of some credits
The loans of small values, granted fast for short terms but at higher costs than at banks, this is the key of success of the most non banking financial institutions. Almost weekly it is spoken about the join on the market of a new NBFI, prove that there is still room for this type of activities....
Isarescu, Romanian Central Bank: Not the Banks Are Indebted, the Romanians Are
Central bank governor Mugur Isarescu attended today at a seminar organized at the central bank by Finmedia, occasion in which he said “the national foreign exchange reserves are exceeding and the market benefits currently by an excess of liquidity, "to get the banks used to this and...
Romania Central Bank Pumps RON3B Into The Financial Market
The National Bank of Romania (BNR) injected, on Monday, 3.09 billion lei (EUR1=RON4.1325) into the monetary market in a one-week repurchase agreement operation. The central bank bought state treasuries from eight lenders and will sell them back February 15, at an annual yield of 7%, equal to the...
Romanians have saved up more than five billion Euros, since the beginning of 2009
Time deposit accounts of the population rose in the last nine months by 20.9 billion Lei, which means approximately 5 billion Euros. The greatest rise was recorded among citizens in the capital city, Bucharest, who cumulated, during this time, deposits of 7.7 billion Lei. Analysts consider this...
Romanian Privatization Auth Asks For Declassification Of Bancorex Documents
Romania's privatization authority AVAS asks for the declassification of the documents of former state-owned lender Banca Romana de Comert Exterior, or Bancorex, between 1968 and 1989, including, among others, the country’s import-export plans or the population’s revenues and expenses....
