Savings
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CSA directors have over 1m euros in savings in banks
The members of Board of Directors of the Insurance Supervision Commission (CSA) have bank deposits both in Romania and abroad that equal 1 million euros, according to the fortune statements...
BCR seeks 50,000 clients for savings and loan products
BCR Banca pentru Locuinte (BCR Housing Bank - BCR BpL), the third player to provide savings and loans products for housing, has targeted 50,000 clients within its first year in business and...
Savings accounts overshoot time deposits
The population's RON-denominated savings with banks were almost exclusively channelled toward savings accounts in the first four months of this year, while time deposits stalled, according t...
Bucharesters prefer savings in foreign currency
In the first three months of the year, Bucharesters made less deposits in RON, preferring foreign currencies for savings. In Calarasi and Teleorman, the counties with the lowest deposits, th...
Savings slowdown since start of the year
The Romanian currency has become even less appealing for deposits despite NBR's efforts to tighten its monetary policy since autumn in order to encourage savings. In addition, foreign curren...
Lending up, savings down in March
Credit taken out by companies in the private sector sped up once again in March and increased by 3.3% after a slower increase in January and February. In parallel, the appetite for savings w...
Banks revert to two-digit interests to boost savings
The hunger for RON is persuading more and more banks to offer 10% interest rates on RON deposits, as well as monetary rewards to clients that save over the coming months. BRD, the second-lar...
Romanian law discourages private pensions savings
Romanian legislation does not encourage savings via private pensions, as other countries in the region do. The fiscal incentive for private pensions is the lowest in the region, and even in...
RON no longer convincing for savings
The increase registered by deposits came to a sudden halt early this year, both in RON and foreign currencies, despite the rising interest rates paid out by banks. The population's RON-denom...