RON
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NBR absorbs more RON in August
The NBR (National Bank of Romania) attracted deposits from banks worth 5.8 billion RON (1.8 billion euros) in August. Therefore, the volume of sums attracted by the NBR from commercial banks...
BCR sees the euro at 3.3 RON and interests rising
The euro is expected to end this year at around 3.3 RON, while a weaker RON correction will play an important part in NBR's inflation target being met, believes Lucian Anghel, chief-economis...
Population's RON deposits up 52% in August
The population's savings registered strong growth in August, with deposits in RON posting the highest annualised growth rate of the last three years (52%) according to data reported by the N...
Rekkers: Loans in RON will become more expensive
"An upward trend for interests on RON loans can be expected, however it won't happen because of inflation-related reasons, but because of the extremely high demand as more and more people ar...
Strengthening of RON doubles foreign currency loans
The volume of foreign currency loans taken out by individuals doubled in August against the same month last year, and climbed to over 30 billion RON (almost 9.4 billion euros), according to...
High euro costs could lead to more expensive RON loans
An increase in interest rates for euros is being considered by several banks in order to maintain profitability now that refinancing costs are higher. In addition, bankers also anticipate a...
Raiffeisen projects turnover worth 300m RON for Albalact in 2009
Analysts at Raiffeisen Capital & Investment (RCI), one of the biggest brokers on the domestic market, estimate sales of Albalact Alba-Iulia (ALBZ) will advance by 50% this year, to 151.8m RO...
ING: The NBR will continue to act for RON depreciation
The NBR will try to avoid a "sudden" exchange rate correction and will continue to act for a smooth decline of the RON through indirect moves on the interbank market, explains Ciprian Dascal...
Economy slows, foreign deficit soars, while the RON falls
Economic growth registered a mere 5.6% increase in the second quarter and only a 5.8% increase in H1, much lower than analysts expected for the second quarter in a row. Fifteen analysts and...