Romanian banks
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Mortgage sales freeze again
The first autumn month was slower than the summer months in terms of loan sales, and bankers, busy assimilating Ordinance 50, have been late in coming up with promotional offers. Economic un...
3.7 billion euros in overdue loans at the end of September
Individuals and companies had 15.7 billion RON (equivalent to 3.7 billion euros) in past due instalments, with the pace of overdue loans rising against preceding months amid growing problems...
Card market suddenly slows down, Romania still the region's laggard
After annual two-digit increases between 2003 and 2008, the Romanian card market has suddenly slowed down over the past two years on the crisis.
How bankers managed to restructure on the back of the state
Bankers have managed to slash personnel costs without operating physical layoffs, in the context where a rising number of female employees are going on maternity leave, with indemnities paid...
Only euro-denominated mortgage loans still on the rise
Only euro-denominated retail loans managed to rise this summer, when consumers, as well as bankers, became more reluctant to do business after the Romanian government took tough austerity me...
Source of uncertainties in Raiffeisen's 2011 budget
The possible emergence of a second wave of bad loans, contracted by public sector workers, is the main uncertainty factor marking the building up of Raiffeisen Bank's 2011 budget, says Bogda...
Bankers make instalment on a mortgage loan 20% more expensive
Bankers continued to make loans for the population more expensive in August, with a significant rise being recorded by interests on RON-denominated consumer loans, which are currently more e...
Crisis freezes BCR's territorial expansion plans
BCR, the biggest bank on the Romanian market in terms of assets, has dropped plans to exceed the mark of 700 branches and agencies by the end of 2010, intending to end this year with a 668-b...
Foreign currency deposits are the only ones keeping savings on an upward trend
The euro is becoming ever more appealing not only for loans, owing to lower interest rates, but also for deposits, because of uncertainty related to the exchange rate.