RON
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Promising start of the year: RON up, interests and risk premiums down
The start of the year brought an unexpected breath of fresh air for the interbank market, with the RON strengthening to 4.17 RON/EUR, the best level achieved since last spring, while banks l...
Another troubled year for the RON
The RON could experience problems again at the beginning of this year, as it did in 2008 and 2009, when the first two months came with quite an abrupt depreciation of the exchange rate.
RON competes with zloty for strongest currency in the region again
The RON is once again striving to become one of the strongest currencies in the region, having resisted the wave of depreciation that occurred on the emerging markets over the last few days.
RON loses ground as loan currency
The Romanian currency accounts for an increasingly low share in the volume of credits granted, down from 44% to 40% in the last year, according to data from the National Bank (NBR).
Foreign debt skyrockets
The fast-paced increase of foreign debt is fuelling pressures for a depreciation of the RON because of the repayment/refinancing effort.
Citibank: RON to strengthen to 4.12 RON/euro
The RON could strengthen towards the end of the year to 4.12 RON per euro, compared with the previous forecast of 4.20 RON/euro, according to analysts of American bank Citi.
BRD picks up speed on RON lending
BRD, the second-largest bank in the system, last year lost three percent of its share of the RON lending market, from 24% to 21%, but picked up speed on the segment of domestic currency lend...
Greek bankers offer interest rates as high as 25% to attract RON from clients
In their struggle to secure liquidity, a few banks, especially Greek-held ones - have started to pay interests of 20-25% a year or even more to clients with sizeable deposits in RON - upward...
Ceramica Iasi: Our sales and net profit will be affected by RON depreciation
Construction materials manufacturer Ceramica Iasi, controlled by American investment fund Advent International, will record an around 3-5% slowdown in the turnover growth rate, to around 16...