Savings
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Population's credits exceed savings in August
The population's credits exceeded savings in the banking system, amid a booming demand for funding. Totalling 57 billion RON (17.4 billion euros), individual credits managed to just exceed t...
Savings still strong after NBR cuts interest
The appetite of the population for saving has remained robust, with RON deposits seeing a record increase, by almost 43% in real terms at the end of April against the same month last year. T...
Savings gap between counties deepens
The population's RON deposits increased more rapidly in counties with already high volumes, whereas clients in areas with lower potential savings made fewer reserves last year. Therefore, in...
Foreigners deposit 1.6bn-euro savings in domestic banks
Medium and long-term deposits of foreign clients with domestic banks have increased to sums equivalent to 1.6 billion euros at the end of March, up 68% against the same time last year, accor...
Romanians' net savings, 4 times lower than regional average
Romania is expected to witness strong growth rates in terms of population assets and financial debts, but will continue to lag behind other neighbouring markets, according to a survey conduc...
Savings bank to keep "clear niche"
CEC (Romanian Savings Bank) needs to keep a "clear niche" on the banking market, which includes individuals and SMEs, without however neglecting corporate banking, said Radu Ghetea, the newl...
RON, the currency of choice for savings
The RON returned as the population's favourite currency for savings, after placements in euros were more in demand last year. Starting November last year, deposits in RON have increased fast...
5% of savings set up for over one-year maturity
Only 5% of the population's deposits are made for periods longer than a year, while 30% of them are overnight deposits, shows data for January supplied by the NBR (National Bank of Romania)...
Banking competition doesn't touch savings yet
Loans have come to account for a little over half of total banking assets, stated Nicolae Danila, BCR executive chairman on Tuesday. Despite shrinking interest rate margins, banks have manag...