credits
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Interest rate for credits in euros down from 9 to 8%
The spread between interests operated by banks for individual clients for credits in euros and those paid for deposits has lowered significantly over the past year. Whereas in June last year...
Exotic currencies and RON chosen over the euro for credits
The euro is again losing ground to exotic currencies, in addition to the RON, when it comes to credits, with its share falling to less than 50% of the total funding granted by banks. Accordi...
Credits in exotic currencies: 14-fold increase year-on-year
Funding granted by banks in "exotic" currencies (currencies other than RON, euros or dollars), have increased 14 times in terms of volume over the past year (April 2006 - April 2007), accord...
Bank of Cyprus: 500m euros for credits in Romania and Russia
The Bank of Cyprus intends to sell bonds worth 500 million euros, and the funds therefrom raised will be allocated for granting funding to the clients of the group in Romania and Russia, two...
IFC extends RON credits on the local market
The International Finance Corporation (IFC), the investment division of the World Bank, could grant another credit in RON to a domestic bank in the near future. At the beginning of this week...
RAAL Bistrita to take out credits worth 40m-euros
RAAL Bistrita, a producer of equipment for the automotive, agriculture and constructions industries, intends to consolidate its position abroad, by taking out credits worth 60 million RON (1...
Overdue payments for small credits: almost 100m euros
The overdue payments of the population on the small credits (of up to 6,000 euros) climbed to 325.6 million RON (equivalent to 97 million euros) at the end of March, after six months of cont...
Demand for mortgage credits far from being covered
Mortgage credits are expected to be the most in demand product on the banking market over the next few years, anticipates Paul Mylonas, chief economist and strategist with the National Bank...
Emporiki to reach 1.8bn-euro credits by 2011
Emporiki Bank has announced aggressive expansion plans for its Romanian branch network and intends to open over 140 subsidiaries by 2011. The Greek bank aims to reach credits worth 1.8 billi...