NBR
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NBR, record-high 1.1bn-euro profit in raging recession
The central bank profited from placements with banks, but also from selling euros at 4 RON, above the purchasing price of years 2006-2007.
Bankers are quick to cut deposit interest rates after the NBR's signal
Greek-held Alpha Bank and Banca Romaneasca (local subsidiary of the National Bank of Greece) were the first two banks to react to the signal sent on Tuesday by the NBR (National Bank of Roma...
NBR puts more pressure on banks to make loans cheaper
The persistent decline of non-governmental lending and RON’s appreciation trend against the euro have convinced the NBR to cut the key rate by another 0.5% to 7% per annum, as most analyst...
Bankers kiss loans worth over 5bn euros goodbye
Companies' plummeting sales, the overall financial crunch inclusively generated by the shortage of loans and the population's diving incomes were reflected in the skyrocketing overdue sums i...
NBR erases Credex from registry of consumer finance companies
Credex, the firm controlled by Dan Ostahie together with Raiffeisen Bank, no longer has the right to grant consumer loans on its own behalf, after the national bank on Friday struck it off f...
Central bank Governor explains why NBR missed inflation target
The National Bank of Romania took on the risk of denting its credibility, by missing the inflation target for the third consecutive year (at 4.74%, the inflation exceeded the maximum limit o...
Bankers' response to NBR move: It's not enough, another cut is needed
Banks are not rushing to slash loan interests and say there is no demand from clients anyway.
0.1% of bank depositors control 20% of deposits
Bank deposits worth at least 100,000 euros concentrate more than a fifth of the population's savings, but in terms of their number they account for just 0.1% in the total, in line with the N...
Banks boost foreign assets by 1.2bn euros
Surprise in banks' consolidated balance sheet: September brought about a 1.2 billion-euro rise in foreign assets, with analysts saying foreign currency released by the NBR could have been “e...