NBR
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NBR Governor Mugur Isarescu ready to help the RON up
NBR will continue to intervene on the market and could even choose to purge liquidity as often as twice a day, in order to alleviate pressure on the forex market, Mugur Isarescu, NBR Governo...
NBR raises interest rate by 0.5% to 8% a year
NBR has taken one more step towards making lending in RON more expensive, when it upped the key rate by 0.5%, to 8% a year yesterday. Analysts believe that sooner or later customers will fee...
NBR: Banks' closing date for financial statements: December 31
The banks will take into consideration December 31 as the date for determining the credit risk provisions for 2007, although the last banking day of the year is December 28. "The financial y...
NBR considers inducing "hunger" for RON
If we want to stop the exchange rate from moving towards levels we do not see as right, we will generate a hunger for RON on the market, says Governor of the NBR (National Bank of Romania),...
Three small banks risk receiving lower ratings from NBR
Banks that hold a significant share of the banking sector are expected to perform at least as well this year, as they did in 2006, but it is very likely that three credit institutions, which...
NBR faces toughest decision of the last two years
Tomorrow, the NBR will face its toughest decision of the last two years since it moved to direct inflation targeting - either enter a cycle of price increases for RON lending, or further pos...
NBR Governor Mugur Isarescu asks Government to watch its spending
The NBR insists on requesting support in its battle with inflation, especially from the Economy and Finance Ministry, as it increases its focus on bringing the current account deficit under...
NBR absorbs more RON in August
The NBR (National Bank of Romania) attracted deposits from banks worth 5.8 billion RON (1.8 billion euros) in August. Therefore, the volume of sums attracted by the NBR from commercial banks...
Dijmarescu, NBR: Monetary policy rate cut not an option
Eugen Dijmarescu, vice-governor of the National Bank of Romania (NBR), in charge of market operations, believes a new reduction in the monetary policy interest rate is no longer an option fo...