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UniCredit Leasing cuts back on project finance
The international financial crisis has caused UniCredit Leasing, the leading player on this market with annual funding worth 500 million euros, to cut back significantly on business project...
BRD not interested in selling through brokers
All the banks on the market should publish their financial results on a half-year basis, for instance, following the same format set together with the NBR and in line with domestic accountin...
Poorer counties struggle to pay back loans
Banks are facing the biggest problems with the loans granted in the county of Ialomita, where 3.3% of lent sums have not been repaid. The level is over 3 times higher than the national avera...
Loans in euros and RON depreciation hurt Agrana's profit
Agrana Romania, the leading sugar producer on the local market, posted a net profit worth 15.47 million RON (4.35 million euros) in the first half of this year, 23.5% less in RON against the...
Loans in Swiss francs could become more tempting
Loans in Swiss francs could become more attractive considering that the franc could strengthen to 1.58 francs against the euro in December, from 1.6211 francs at present, according to an exc...
BCR freezes collateral-free consumer loans in several branches
Several branches of BCR, the largest bank on the market in terms of assets, have ceased to release collateral-free consumer loans to new customers in the wake of a "partially higher-than-exp...
Mortgage loans, sharp slowdown in May
Mortgage and real estate loans continued to slow down in May for the sixth month in a row, with the monthly increase down to a mere 195 million RON (53 million euros), from the 1.1 billion-R...
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...
Housing loans disguised as consumer loans leave mortgage credits behind
Consumer loans secured by a mortgage accounted for 22% of overall loans taken out by individuals, that is 4.5 billion euros, according to the Financial Stability Report published by the NBR....