deposits
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Banks fill BNR's accounts instead of looking for clients to lend to
Bankers prefer to place their money with the BNR (Romanian central bank) at an interest of just 2.25% a year on leu-denominated deposits in order not to take any chances on the economy.
Bankers reluctant to lower profit margins
Bankers’ messages of intensifying their battle to attract clients are still very little reflected in interest margins - the spreads between interests charged by banks on loans and those pa...
13,000 Romanians hold 4bn euros' worth of deposits
Each of them with at least 300,000 euros on average in at least one bank, these are the clients bankers, as well as luxury industry companies, are fighting for.
Pension funds shift money from deposits to T-bills and stocks
Sums placed by managers of mandatory private funds (pillar II) in deposits dropped by 82m lei (20m euros) in the first quarter of this year, from 229m lei (around 55m euros), boosting instea...
Inflation has long exceeded interests on deposits in lei
Bankers have adjusted interests they pay on deposits several times this year, and with promotional offers becoming increasingly rare, incentives to save are increasingly weak.
BCR puts pressure on market of deposit interest rates
BCR, the biggest bank on the Romanian market, started the fight over client resources with Greek banks and with lending institutions with Romanian shareholders, paying 8% a year on three-mon...
Rich people put more money in the bank
Almost 1,000 Romanians have joined the ranks of those with more than 100,000 euros in deposits registered with banks in the past year, despite the recession that eroded incomes, so that the...
Another stormy day on forex market, with euro getting close to 4.4 RON
The high foreign currency demand from the population, who has started withdrawing their deposits to buy euros after the alarming foreign exchange rate projections discussed in recent days, h...
NBR moves 5bn euros of its reserve from deposits to bonds
The National Bank (NBR) increased its investments in bonds issued by foreign governments and organisations by a little over 20 billion RON (equivalent to around 5 billion euros) in April, wh...