lending
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New lending guidelines enforce on February 1
The guidelines on crediting for individuals will enforce on February 1, 2004. The steps taken are only temporary and are intended to keep the growth speed of this kind of financing in check,...
Retail chains dispute central bank measures set to contain consumer lending
The Romanians dream of buying TV sets, refrigerators and washing machines with no guarantors or down payments needed. However, these dreams may never come true, if the measures discussed at...
Non-government lending surge triggers more overdue credits
If there were ever any doubts about the need for the central bank's desperate efforts to cap, one way or another, the frantic growth pace of non-government lending, these doubts have certain...
Non-government lending surge triggers more overdue credits
If there were ever any doubts about the need for the central bank's desperate efforts to cap, one way or another, the frantic growth pace of non-government lending, these doubts have certain...
NBR has "mixed feelings" about non-govt. lending
The National Bank of Romania (NBR) has "mixed feelings" about the recent evolution of non-government lending. On the one hand, NBR is concerned about the rather unfavourable impact an unsust...
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...
Lending growth benefits insurers
Astra Asigurari collected $23 million's worth in gross premiums in H1, up 45% in nominal terms from the same time in 2002. "The increased number of housing loans and consumer credits is expe...
Frenetic non-government lending stems more overdue payments
How are your loan payments coming along? If you counted on a salary raise, you may be in trouble. The average net salaries in euros dropped more than 9 euros in May, a casualty of the accele...
IMF delegation to tackle soaring trade deficit, surge in lending
The economic growth estimated for the first half of 2003 was 0.2% smaller than the 5% originally stipulated in this year's budget, said Finance minister Mihai Tanasescu. The underperformance...