banks
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Banks paid 329m euros in Q1 for deposits attracted from shareholders
Local banks paid 393 million euros in the first quarter of the year for deposits attracted from foreigners, mainly from shareholders, reveal data from the NBR (National Bank of Romania).
Banks continue to increase interest spreads
The spread between RON-denominated interest rates on the individual clients' existing loans and deposits continued to climb by half a percentage point in the first quarter of the year, to 8....
Hotels are among the most expensive properties auctioned off by banks
Banks now foreclose and put up for sale houses and plots worth two-three million RON, although they barely manage to sell apartments worth tens of thousands of RON.
Tax authority sets eyes on money held in banks
One of the ten largest retail banks on the market alone has received requests from the tax authorities to freeze 23,000 accounts in the first three months, after last year the National Fisca...
What sectors will bankers finance this year?
Banks have in the past year increased by 11.5% their portfolios of loans granted to the field of agriculture, the only sector of the economy that managed to still borrow money, while for the...
Why some banks pay high interests on deposits when RON are cheap on the market
Those who look at bank's offers for RON-denominated deposits can easily find interests of 8% and even 9% a year, especially from small players, although on the inter-bank monetary market int...
Banks paid 307 euros in two months for funding from abroad
Banks on the Romanian market paid 307 million euros for medium and long-term deposits attracted from abroad - usually from shareholders - three times as much as in the similar period of 2009...
Will banks resume lending or will they settle for 2.5% interest from NBR?
The lending freeze is causing the market to choke on the large supply of RON and bankers are feeling pressured to finally do something to find clients to take out loans.
Why banks prefer to keep money with the NBR at 2.5% interest instead of granting loans
Bankers are sitting on a mountain of cash that they prefer to keep in the treasury of the National Bank at an interest rate of 3% a year because, according to them, they have no one to grant...