Savings
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Fear leads money to the bank: consumers saved one billion lei in February
Romanians increased their bank deposits by one billion lei in February alone, which shows they still prefer to postpone acquisition plans and save the money instead.
Romanians trying to rein in expenses and make the most of savings
Ever more Romanians hurt by recession, the lending freeze or the 25% salary cuts are showing interest in the instruments through which they can manage their money to be able to cope with the...
Romania at the bottom of the EU savings ranking with 1,000 euros/capita
After a year of double-digit interest rates on savings, Romanians had bank deposits equivalent to 1,095 euros on average, whilst Hungarians had three times more in savings, the Czechs had fi...
Savings keeps gaining ground against loans
Caution generated by uncertainty regarding the progression of incomes is driving companies and the population to keep saving, with the loan/deposit ratio dropping to 117% in late September,...
The IMF asks for 2bn-euro savings
The first talks with the IMF brought tension in the government: the Fund is requesting expense cuts worth around 2bn euros (1.7% of GDP), namely the exact savings that would be generated if...
Private credit remains frozen in March
Private credit continued to contract in March, even seeing a record decline for the last few years, by one billion euros or 2.6%, while clients left without liquidity started to dip into the...
Savings exceed credits in just 4 Romanian counties
The inhabitants of four Romanian counties saved more than they borrowed, whilst in the rest of the country banks provided financing from external sources for contracted credits, indicates da...
Bank deposits covered by Deposit Guarantee Fund
Bank Deposit Guarantee Fund guarantees all the placements made by individual depositors with banks in the system, regardless of the account type - deposit, current, savings account or the cu...
Two thirds of Romanians' savings are in euros
The population saved a sum equivalent to around 4.3 billion RON in foreign currencies, compared with 2.5 billion RON in the Romanian currency, 70% less, according to July data from the NBR (...