banks
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Start of real competition among banks: clients will be able to easily move their account from one bank to another
Individuals will be able to transfer a RON-denominated current account more easily from one bank to another, as well as the money in the account and the contracted payment instructions, only...
Large companies have not caused problems to banks, but will not drive up lending, either
The around 100 large companies the NBR views as being of a systemic importance have not had problems in their relationships with commercial banks, despite their turnovers being seriously hur...
Rise in number of foreclosure sales: up to 20 auctions in one day
Banks that publish ads for foreclosure sales on their own websites have scheduled around 300 auctions by mid-April, with their number rising from one month to another because many of the pro...
Banks and NBR paid 620m-euro taxes in 2009
Commercial banks paid 1.2 billion RON (290 million euros) in profit tax, data sent by the National Fiscal Administration Agency to ZF reveal.
How banks used their “First Home” allocations
In the first stage of the “First Home” scheme, banks granted the highest number of loans in Bucharest and in Western Romania, mostly for old homes. The usage of the amounts allocated ranged...
NBR puts more pressure on banks to make loans cheaper
The persistent decline of non-governmental lending and RON’s appreciation trend against the euro have convinced the NBR to cut the key rate by another 0.5% to 7% per annum, as most analyst...
Banks are starting to cut interests on RON
Those seeking to get an over 10% interest must hurry. Only three banks on the market are still offering over 10% for three-month deposits in RON. Marfin Bank, controlled by the Greeks by the...
Banks grant loans worth 400m euros under “First Home” scheme
Banks had granted loans worth 400 million euros as part of the “First Home” scheme by the end of November, according to data from the SME Guarantee Fund (FNGIMM), which provides guarantees f...
Banks boost foreign assets by 1.2bn euros
Surprise in banks' consolidated balance sheet: September brought about a 1.2 billion-euro rise in foreign assets, with analysts saying foreign currency released by the NBR could have been “e...