credits
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CEC grants cheaper credits
CEC (Romanian Savings Bank) yesterday cut rates for certain credits granted to legal persons. Interest will go down 1%, to 25% for the loans contracted by the local public administrations fo...
EBRD-funded Miro Bank credits
European Bank for Reconstruction and Development (EBRD) continues to expose itself to the financing market for SMEs in Romania. In the last few months, the total volume of the credits the in...
AIG Life products for children and credits
Circumstances make insurance companies take on new products. AIG Life on Monday launched, besides a group insurance product aimed at children, a simple death insurance for loan contractors,...
Credits up, deposits very slow to progress
Banks maintained the high growth pace of the lending for individuals and private companies in July, as well, though not as high as throughout March-May. The lending progress, however, mainta...
Credits up in July, too
The credit volume the banking system granted to individuals and legal entities maintained its growth pace, progressing by 3.2% in July, to 231,600bn ROL, while the individuals' ROL deposits...
Electrolux logs 94% first half growth due to consumer credits
The strong growth in the sales of the home appliance retail chains following the introduction of the hire purchase has also influenced their main suppliers, i.e. the producers. World's leadi...
Higher interests on credits - a risky decision, bankers feel
The increase in the interests on credits, indirectly induced by the central bank through certain monetary policy decisions it might make soon, would be quite risky, bankers feel. Why is that...
Banks shyly making credits cheaper
Even though a little more shyly than earlier this year, the banks keep cutting interests for the credits granted to their clients. They do this particularly for those in demand, namely the h...
Less ROL in banks, fewer credits
Will the banks have less ROL available for credits in the future? Will the bankers have one more thing to worry about, i.e. how to get the resources so badly needed to boost lending? Just lo...