NBR
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Euro up to new all time highs, NBR won’t intervene
The euro went up to a new all time high yesterday, reaching a rate calculated by the NBR at 4.3257 RON, thus continuing the rise started at the end of last week, when the decision of the Con...
Bankers complain NBR rules prevent them from cleaning up balance sheets
The accumulation of loans registered as “loss” because debtor companies have no chance of recovery has seen banks complain that “the removal” of debts “from the balance sheet” is burdening t...
Bankers are ready to take over equity in companies under restructuring
Several banks are already thinking of taking over stakes in companies under restructuring in exchange for the loans granted, once the NBR (National Bank of Romania) approves the draft regula...
Exchange rate stability more convincing than NBR interest rate cut
Foreign currency non-government lending reached its eleventh consecutive month of growth in May, while the volume of existing loans climbed by the equivalent of two billion euros, to 29.9 bi...
Who are the members of the Tax Council
The National Bank of Romania (NBR), the Romanian Banking Association (ARB) and the Romanian Banking Institute (IBR) sent their nominations for a seat in the Tax Council to Parliament as earl...
Isărescu: We cannot pay salaries from NBR's reserve
The NBR (National Bank of Romania) could not spend its reserve to pay wages and pensions, as some have suggested, because it is essential towards ensuring exchange rate stability, governor M...
NBR moves 5bn euros of its reserve from deposits to bonds
The National Bank (NBR) increased its investments in bonds issued by foreign governments and organisations by a little over 20 billion RON (equivalent to around 5 billion euros) in April, wh...
Over 700,000 Romanians are either late with instalment payments or do not pay them at all
Loan instalments have become an increasingly heavy burden for clients with secured loans, with individual loans more than 30 days overdue amounting to 3.99 billion RON (892 million euros), 4...
Pressure on the RON intensifies
The euro has gathered pace over the last few days and, despite all supposed interventions of the NBR (National Bank of Romania) to temper the exchange rate, the RON/euro exchange rate rose t...