NBR
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NBR analysing Bank of Cyprus' request to go up to 20% in BT
The National Bank is already analysing Bank of Cyprus' request to approve its raising the stake it holds in Banca Transilvania from 10% to 20%, with the answer due to come in three months si...
Isarescu asks ZF to stop criticising National Bank’s policy
National Bank Governor Mugur Isarescu has asked ZF to stop criticising the policy of the central bank, explaining that it had always had to offset the procyclical effects of the fiscal and w...
National Bank cuts interest rate to all-time low, but economy is already down
The National Bank has cut its key interest rate on RON-denominated loans by a quarter of a percentage point, to a new all-time low of 6.25%, but the signal to make loans cheaper comes too la...
Bankers make almost 100m-euro profit in Q1
Bankers managed to post a 100 million-euro net profit in the first quarter of the year even though the economy is most likely still in recession, precisely because of the lack of funding, wh...
Exchange rate interventions add 350m euros to NBR's reserve
The NBR garnered a further 350m euros in its coffers in April, with the foreign currency reserves thus hitting a new all-time high of 32.38bn euros. Dealers account for this increase by the...
Isarescu: Non-compliance with targets negotiated with IMF cannot be applauded
The best choice for the authorities would be to carry out reforms agreed with the IMF as strictly as possible and cut current and social costs in order to reduce the budget deficit, consider...
Promotional interest loans - a time bomb still ticking in bankers’ portfolios
Bankers granted mortgage loans with promotional interest rates during the lending boom years, set at low levels for only a while after which they become variable, worth 7 billion RON (some 2...
1bn RON worth of bounced cheques and promissory notes
The sums on bounced debt instruments, an indicator gauging cash problems companies are coping with, in March climbed to more than 1bn RON (252m euros), the second time in recent years when t...
Isarescu: The euro zone can be a black box if we are unprepared
The adoption of the euro before the economy has adjusted, and before local companies have become competitive on foreign markets can be a trap – this was one of the few conclusions of a sem...