NBR
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Historic decision: NBR redefines monetary policy rate
The National Bank (NBR) is preparing a new set of monetary policy instruments, in line with its new statute, as a net creditor to the banking system.
Banks prepare harsher lending conditions
Bankers have taken notice of the price decline on the real estate market and are expecting the trend to continue at least by yearend, so they are preparing harsher lending requirements, reve...
NBR governor Mugur Isarescu cautious ahead of 2009
Foreign financial resources will no longer be as abundant next year, with many lines of credit granted to banks falling due in 2009, whilst Romania will not escape an adjustment because nobo...
New NBR regulations shake credit broker market
The restrictions generated by the new NBR regulations will wipe out more than half of the credit brokers from the market.
New lending norms: Loans cut in half, many people no longer qualify
Those trying to get a loan now find that the even if they qualify under the more restrictive criteria set by the new lending norms, the amount they can borrow is down to half.
Economically weakest counties have the highest loan delinquency rate
Bank customers in Teleorman and Ialomita have the highest amount of delinquent loans, which account for over 3% in the overall contracted loans, compared to the nationwide average of 1.1%, a...
Cristian Popa, NBR: S&P's decision, difficult to anticipate
Standard & Poor's decision to downgrade Romania's rating was difficult to anticipate, as the economy in its entirety is no more vulnerable than the economies of comparable countries, the vic...
Isarescu: More conservative approach to reserve management
Mugur Isarescu, Governor of the NBR (National Bank of Romania) says the National Bank has, since last autumn, become much more conservative in the management of the foreign exchange reserve,...
Banks' margins continue to fall
The lending profit margin - the spread between the interest rate asked by banks for loans and that offered for savings, narrowed to an average of 3.05% in August, according to data from the...