banks
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Banks continue to borrow from abroad but shift to long maturities
Banks continued to borrow from abroad in the first quarter, with the savings ability of companies, as well as of the population diminishing, and the trend being to switch from shorter maturities to longer ones.
Banks fill BNR's accounts instead of looking for clients to lend to
Bankers prefer to place their money with the BNR (Romanian central bank) at an interest of just 2.25% a year on leu-denominated deposits in order not to take any chances on the economy.
UniCredit boss: Corporate sector is still suffering
Consumer loan demand is showing signs of growth, but it is not the healthy result of wage raises, instead reflecting the need for money of people short on cash, says Răsvan Radu, CEO of UniC...
The Greek and the Dutch removed 3bn euros from Romania last year
The exposures of Greek and Dutch banks to Romania fell by nearly three billion euros last year compared with 2009, according to data published by the Bank of International Settlements (BIS),...
Finance Ministry gets 940m euros from banks, pays 4.89% yield
The Finance Ministry yesterday sold euro-denominated bonds with a three-year maturity worth 939.2 million euros, paying an average 4.89%, nearly 0.1% more than in November 2010, when they is...
Revenue decline drags BRD's profit down
BRD-SocGen, the second largest bank in Romania by assets, posted 122 million lei (29 million euros) in net profit in the first quarter, down 38% compared with the same time of last year, lar...
13,000 Romanians hold 4bn euros' worth of deposits
Each of them with at least 300,000 euros on average in at least one bank, these are the clients bankers, as well as luxury industry companies, are fighting for.
Government approves "First Home" 4 norms: banks can trade portfolios among them
The fourth edition of the "First Home" scheme, where banks will be able to grant mortgages half guaranteed by the state if they agree to halve the guarantee for the loans sold as part of the...
First Home goes on only for banks with large volumes of loans already granted
The top two banks on the market, BCR and BRD, will be the main beneficiaries of the fourth edition of the "First Home" scheme, while smaller players seem to be out of the game, partly becaus...