NBR
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Cinteza, NBR: I'm optimistic when I see loans advertised again
Nicolae Cinteza, head of NBR's Supervisory Department, sees the re-emergence of ads promoting loans as a good sign and he says this change makes him “optimistic”. “For a year there were no a...
Will banks resume lending or will they settle for 2.5% interest from NBR?
The lending freeze is causing the market to choke on the large supply of RON and bankers are feeling pressured to finally do something to find clients to take out loans.
Why banks prefer to keep money with the NBR at 2.5% interest instead of granting loans
Bankers are sitting on a mountain of cash that they prefer to keep in the treasury of the National Bank at an interest rate of 3% a year because, according to them, they have no one to grant...
Large companies have not caused problems to banks, but will not drive up lending, either
The around 100 large companies the NBR views as being of a systemic importance have not had problems in their relationships with commercial banks, despite their turnovers being seriously hur...
Will the NBR cut its key interest rate to an all-time low?
The National Bank of Romania (NBR) is discussing today, in its third monetary policy meeting this year, whether it pursues a relaxation trend, by cutting the monetary policy interest rate to...
Overdue loans near 10bn RON
Individuals and firms had by February built up bank overdue loans of 9.23 billion RON (2.25bn euros), up 5.2% month-on-month and double the level reached in the same month of last year, acco...
How large are NBR's reserves compared with the size of the economy?
The NBR currently holds international reserves (foreign currency and gold) worth 32.4bn euros, 3.2bn euros more than at the onset of the financial crisis domestically, in October 2008, with...
NBR has 11bn-euro deposits with foreign banks
The Romanian National Bank holds around 11 billion euros in deposits with foreign banks, generally central banks of sound economies, namely around one third of its total foreign reserves.
State borrows again at interests below NBR benchmark rate
The state has again succeeded in borrowing RON from commercial banks at lower interest rates than the national bank's benchmark rate, after a two and a half year hiatus, as investors are reg...