NBR
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ING: NBR spent one billion euros to keep euro exchange rate in check in May
The National Bank spent 0.5 to 1 billion euros of the foreign reserve in May alone in order to keep the exchange rate nailed to 4.1-4.2 RON/EUR, as the international financial markets were s...
State foreign debt costs climb to 788m euros in H1
The NBR has to make payments of instalments and interest rates on the foreign public debt worth almost 788m euros in the first half of 2010, with the sum being 21% higher than the one of the...
Government, NBR and banks ignore plight of Romanian business sector
The state has no strategy to save Romanian-held companies that are going insolvent one by one. This is the conclusion of the financial analysts and of the business people who find themselves...
Isarescu commends bankers for becoming “prudent”
Banks are going through an internal readjustment process, with the emphasis changing to prudence after the fight over market share had been the main pursuit, says NBR Governor Mugur Isarescu...
Banks take more money from the population than they lend
The population in the first quarter again became a net creditor of the banking system, in the context where deposits have constantly increased in the past year, fuelled by stringent caution...
NBR has kept the RON on a tight leash, though at the cost of heavy interest fluctuations
The Romanian currency has been much more stable against the euro during the almost five months of the year compared with its peers, the Polish zloty and Hungarian forint, but the dampened ex...
Give your bank two days' notice if you want to take out more than 5,000 euros
Clients wanting to withdraw more than 10,000 euros from a bank must let the bank know about their intention at least one day ahead and in some cases they even need to go to the bank and file...
Banks paid 329m euros in Q1 for deposits attracted from shareholders
Local banks paid 393 million euros in the first quarter of the year for deposits attracted from foreigners, mainly from shareholders, reveal data from the NBR (National Bank of Romania).
Europe turmoil drove Bucharest foreign currency transactions to 32.4bn euros in April
Dealers in April traded 32.4bn euros on the Bucharest foreign currency market, 10% more than in the same month of last year, spurred by rising imports and exports and international markets t...