NBR
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Lazea, NBR: If a country sees economic growth in Europe, it will be Romania
The Romanian economy should see growth this year, because it is less dependent on exports and bank loans than other economies in the region, says Valentin Lazea, chief economist of the Natio...
Cinteza, NBR: Solvency is relatively high in the banking system
Almost 40% of foreign funding attracted by banks until the end of last year, i.e. over 9.5 billion euros are due in 2009, Nicolae Cinteza, director of the Supervision Department of the NBR (...
Lending rise halves
Overall private credit rose by just 25.8% in 2008 in real terms, half the rise recorded in 2007, when it had leapt by over 50%, as a result of the sudden decline of the last two months.
BCR sells 32 million-euro retail loans in December
The sales of retail loans fell 60% at BCR, the largest bank in the system, in the last quarter of last year compared with the third, due to the harsher regulations set by the NBR, as well as...
Dacia's Fourmont: NBR rate cut indispensable to our survival
The raise of the monetary policy rate from 7.5% to 10.25% operated by the National Bank of Romania last year was one of the factors that caused Dacia's sales to plummet on the Romanian marke...
Holiday spending down 26%
This holiday season's spending has been lower than in the previous one, with NBR (National Bank of Romania) data revealing that payments in the economy declined by 26% around the yearend hol...
What will the NBR's do about the rate on January 6?
Amid a macroeconomic picture thwarted by the international crisis fallout, NBR's Board of Governors will meet on January 6 to discuss on a possible move to change the monetary policy interes...
Non-performing loans, 5.28% of overall loans in September
Non-performing loans accounted for as much as 5.28% of the overall loans granted by banks in September, the highest level recorded since March 2003, according to data from the NBR (National...
Croitoru, NBR: Consumer spending needs to be cut by 5bn euros to "sweeten" the loss of financing
A significant adjustment of the current account of 4% of GDP, done in an orderly fashion, is strictly necessary to "sweeten" the manner in which foreign investors will decide to cut foreign...