NBR
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NBR flunks 44 bank managers
No less than 44 heads of major departments of the banks of the market – from lending to risk management, have failed NBR’s exam that was supposed to confirm them on their positions, requ...
NBR’s chief economist to banks: Take lower profits and make loans in RON cheaper
The spreads between the interests on new loans and new deposits in RON that banks operate with have tripled since the beginning of the year and one of the reasons for this is that banks are...
NBR makes unscheduled inspections in banks
The National Bank of Romania (NBR) is inspecting banks, turning up even on unscheduled “visits”, says Nicolae Cinteza, head of the NBR's Supervision Department. He says if any irregularities...
How NBR spent one billion euros in September to keep exchange rate low
NBR spent approximately 1.1 billion euros in September to keep the RON/EUR exchange rate low for two weeks, yet the political crisis that started a week ago drove the rate back up towards 4....
NBR quenches banks' thirst with 12bn-RON loan
While the RON was under pressure on the forex market, the NBR (National Bank of Romania) granted banks a record-high refinancing loan worth almost 12 billion RON (2.8 billion euros) at an in...
Central bank asks for cheaper loans but bankers say, “Be patient”
The National Bank of Romania (NBR) has cut its reference interest rate again, but its level remains equal to that set when the economy was booming.
Central bank admits to underestimating the depth of economic collapse
The NBR (Romanian central bank) warned about the various risks facing the economy and about the looming adjustment, anticipating that the tide would turn, but even it underestimated the magn...
2bn euros for homes and land in H1
The value of real estate transactions sealed in the first six months of the year revolved around 2.5bn euros, with most of the deals concluded with the buyers’ own money, according to the...
Dragulin, NBR: It’s good to have new Romanian capital
As the economic crisis rages on, two new Romanian-held banks are preparing to enter the market while other established players in the system are counting their losses; however, the NBR consi...