currencies
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Credit in exotic currencies slows down in April
Credits taken out by the population in exotic currencies rose by a mere 4% in April and saw a significant slowdown from the levels of 10-20% seen over the last year. At the end of April, the volume of credits granted to the population in currencies other than...
Verida Credit: Exotic currencies are too risky
Verida Credit, a company set to specialise in mortgage lending, created by investment funds ABN Amro, Old Lane, and Rubikon Partners, will enter the market in two weeks and by September will...
Consumer and mortgage credits in exotic currencies top 2bn euros
The population's appetite for credits in exotic currencies remains high, despite the repeated warnings issued by the NBR (National Bank of Romania). The volume of consumer and mortgage credi...
Euros and Swiss francs are most popular currencies for loans
According to NBR data, euro loans now represent 53% of total non-governmental lending, after the figure increased by 70% between January 2007 and January 2008. Euro loans increased their sha...
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...
Romanian Commercial Bank set to cut lending, announces currencies rate hike
The Romanian Commercial Bank (BCR), Romania's largest bank, yesterday announced a rate hike for the currency loans granted to both natural and legal persons. Interest rates will increase by...