interest
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BCR offers lower interest margins to settle with clients
BCR, the biggest bank on the market, is currently in talks to settle lawsuits with individual clients on lending contracts now on the docket, proposing the modification of the interest clause by applying some smaller margins, for instance of 5.5% over six-mont...
Raiffeisen cuts up to two percent off interest on RON-denominated loans
Raiffeisen Bank, the seventh largest lending institution on the Romanian market, catches up with the trend of cheapening of RON-denominated loans, by cutting up to two percent off its intere...
Finance Ministry could pay 5% interest to take up to one billion euros via a club loan
The Finance Ministry could offer up to 5% in yearly interest for euros to the banks participating in the up to one billion euro credit to be arranged as a club loan in about two weeks, banki...
Interest in foreign investments shifts towards southeast
As industrial parks and areas in western Romania become saturated, foreign investors have begun to identify undiscovered areas and focus their operations in newly created locations with deve...
Analysts: The NBR will not raise interest rates after August deflation
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable...
Clients have to pass 2% interest rise and 15/25% RON depreciation tests to get a loan
The clients that take out new loans need to be able to cope with increases in interest rates by at least two percentage points and a depreciation of RON by at least 15% against the euro, and...
PwC: Interest rate rise is biggest risk to Romanian banks
The rise in interest rates is the highest risk posed to the Romanian banking industry, given that the turmoil on the financial markets has completely altered the risk scenario, according to...
Loans that start with a low interest are deceiving
The fashion of interest rates that remain fixed for a year at the most for housing loans has led to a wave of refinancing. "When the client enters the second year of the contract and sees th...
Promotional interest rates attract more RON deposits
The rise of deposits in RON accelerated in May for the second month in a row, amid aggressive promotions launched by banks to attract RON-denominated resources, while foreign currency-denomi...