loans
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Why loans are expensive: banks are inefficient and lack the appetite to lend
When banks need to include a 4% margin in the cost of a loan only to cover administrative charges, from employees' salaries to rents for offices and suppliers, the lack of efficiency is obvi...
Almost one fifth of loans heading to "loss" category
More than 19% of loans and interest rates registered in banks' balance sheets were classified as "doubtful" and "loss" at the end of August, a new negative record for the deterioration of ba...
NBR Governor is in favour of cheapening loans, but only if the circumstances are right
National Bank (NBR) governor declares himself in favour of making loans cheaper, but rejects the solution demanded more and more often by the business world, of an aggressive cut to the inte...
Volksbank negotiates with disgruntled clients and prepares new retail offer
With a new management team, Austria's Volksbank is trying to reach an agreement with angry clients, but also devise a new business strategy, after having seen the almost exclusive focus on m...
Bogza, Bancpost: One needs to stimulate the economy to revive lending
Loan demand from the private sector is very weak and the National Bank has no levers to intervene, with measures that will target the resumption of economic growth in general being needed, b...
Late instalments leap to 6.9% of overall loans
The value of overdue instalments by the population and companies climbed by nearly 930 million RON (220 million euros) in August, to a 14.4 billion-RON high, with their share in the overall...
Unable to repay loans, 500,000 Romanians submit CVs for jobs abroad
More than 520,000 Romanians have submitted their CVs for jobs abroad since the beginning of the year and most of those who want to leave are already hired, apply for 10 to 20 jobs until they...
How the crisis is mirrored in the loan portfolios of biggest banks
At market level loans rated as doubtful and loss accounted for 18% of the total loans halfway through the year, but for the banks with the biggest portfolios, the rise in the volume of overd...
Bankers make loans more expensive for second month in a row
New loans became more expensive in July, both RON and euro-denominated ones, for the second consecutive month, although bankers are complaining of a lack of customers for loans.