RON
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Consumer credit in RON exceeds 10bn euros
Consumer credits taken out by the population in RON went up to a level equivalent to 10.3 billion euros, a 36% increase on July last year, according to data from the NBR (National Bank of Ro...
Clients have to pass 2% interest rise and 15/25% RON depreciation tests to get a loan
The clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and...
Loans in euros and RON depreciation hurt Agrana's profit
Agrana Romania, the leading sugar producer on the local market, posted a net profit worth 15.47 million RON (4.35 million euros) in the first half of this year, 23.5% less in RON against the...
ING: Don't bet on RON appreciation, you'll get burned
Those who bet on the RON's appreciation to continue, after the unexpected exchange rate decline at the beginning of the month, are playing with fire and could be in for a surprise, write ING...
Promotional interest rates attract more RON deposits
The rise of deposits in RON accelerated in May for the second month in a row, amid aggressive promotions launched by banks to attract RON-denominated resources, while foreign currency-denomi...
Finance Ministry gets 1.9bn RON from domestic banks
At the end of last week the Finance Ministry turned to the domestic market to cover its temporary cash needs, and raised no less than 1.9bn RON (517m euros) from domestic banks, in a one-wee...
Mehedinti, the county with the lowest RON deposits again
Individual clients in Mehedinti had the lowest time deposits in RON at the end of April, only 140 million RON (38 million euros), according to NBR data. Another county with low savings is Gi...
Bank employees, 3,600 RON net average income in March
Over the last few years the need for personnel has risen considerably, largely because of the rapid expansion of territorial networks. Although most players that invested to strengthen their...
RON decline causes Farmexim to lose 5.5m euros
Farmexim drug distributor, with annual turnover worth 150 million euros, says it registered losses of 5.5m euros in the wake of RON depreciation, a process that started at the middle of last...