lending
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ING: currency lending is being boosted
The policy embraced by the National Bank of Romania (NBR), which aims to attract cash from the money market at high interest rates, is boosting the lending in foreign currency and leads to f...
NBR does not want to hinder lending
Last year's consumer credit boom pushed the weight of the non-governmental lending in Romania's GDP to 16.2%, from 11.2% at the end of 2002. Even so, the banking intermediation level remains...
Consumer lending redivivus
Last year's performers, the electronics and home appliances stores were dealt a heavy blow last month when the new norms on lending were introduced. However, the sales targets set early in t...
Consumer lending, alive and kicking
The new lending norms set by the National Bank of Romania have entered effect this month and already impacted upon the business of electronic and home appliance stores, which last year great...
Consumer lending boom prompts surge in insurance business
Last year's consumer lending boom helped those insurers tightly connected with the banks to rake in tens of millions of dollars. Asiban, controlled by four banks, and BCR Asigurari, founded...
Romanian banks revising lending offers
The new norms setting the minimal consumer lending conditions issued by the National Bank of Romania last fall and enforcing today seem to have made little difference to those actually plann...
Lending ends 2003 with 6% December jump
The year 2003 is very likely to be remembered in Romania's recent financial history as the year when corporate and consumer lending took off with a blast. The final statistics of the Nationa...
Oriflame Romania hit by consumer lending
Oriflame Romania, the local branch of the Swedish cosmetics producer, had great expectations for 2003, as it planed to grow 30% in real terms. However, the company hit a nine-year record-low...
NBR endorses new lending norms
The National Bank of Romania Board on Wednesday endorsed the norms regarding the minimal lending conditions for the population. "In the case of consumer lending, for the acquisition of goods...