banks
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Banks' margins continue to fall
The lending profit margin - the spread between the interest rate asked by banks for loans and that offered for savings, narrowed to an average of 3.05% in August, according to data from the...
Keynes, not Marx, is back!
The financial crisis which is ricocheting worldwide and causing tremendous anguish and tremors.
Foreigners' deposits climb to 6.18bn euros
Medium and long-term deposits of non-residents, which reflect funding attracted by Romanian banks from their foreign shareholders, climbed to a new all-time high of 6.18 billion euros in Aug...
Romanian banks lag behind in terms of ROE
The return on equity of Romanian banks stood at 11.4% last year in Romania, whereas Poland, the country with the best-performing banking system in the region, saw a 27.7% ROE (return on equi...
Equity funds see heavy losses
Equity funds lost up to 60% of their investors' money this year, after they bet on banks and financial investment companies (SIFs), whose shares were dealt a heavy blow by the crisis in the...
National Bank has its eye on foreign funding attracted by banks
As of September 30, banks are required to send data to the NBR (National Bank of Romania) every day, on funding sources attracted from the foreign market, as featured in the balance sheet at...
NBR Governor: Only panic could affect local banks
A worsening of the crisis on the international financial markets could affect the adoption of the single currency in 2014, but the local banking system will not be directly affected, Mugur I...
Banks' thirst for RON raises deposit interest rates to almost 11%
Bankers face strong competition on deposits attracted rather than on sale of credits, after the RON excess on the interbank market dried up. Banks paid average interests of almost 11% a year...
Population borrows 2.3bn euros more than it saves
Credits contracted by the population from banks exceeded deposits by a sum equivalent to 2.3 billion euros in July, following the accelerated growth of lending