loans
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Greek banks make profit despite no loan volume growth in Q1
Five of the seven Greek-held banks with Romanian operations announced they generated profit in the first quarter of 2010, in the context where the amount of loans granted stagnated.
How much cheaper would loans be should bank wages drop by 25%?
The still high level of interest rates is stalling lending, bankers reckon, but they are still reluctant about cutting wages to make room for cheaper loans. Last year, banks' wage expenses h...
First Home running out of customers: only 80 applications approved daily in May
Romanians are no longer rushing to take “First Home” loans, with demand dropping 40% after the launch of the second stage of the scheme in April, to some 80-100 applications per day, governm...
Past due instalments reach 5.5% of overall loans
The ratio of non-performing loans to overall loans granted to the population and to companies reached 5.5% in April, from 3.88% at the end of last year.
Number of bad payers rises in Bistrita: 9.4% of loans are overdue
The number of Romanians unable to pay their credit instalments on time has risen from one month to the next lately, with the ratio of overdue loans exceeding 6% in many counties, and approac...
Bankers granted three times fewer loans for agriculture than real estate
The increase in the number of failed real estate projects financed by banks, both on the residential and on the retail segment is raising doubts about how bankers calibrated their loan portf...
Loan-loss provisions up 5% in March alone
Provisions set up by bankers to cover losses from bad loans climbed by 4.7% in March to a new high of almost 17 billion RON (4.1 billion euros), as loan portfolios continued to deteriorate,...
Half a million loans, closed and not renewed
Half a million consumer loans have been closed without being replaced with new ones since the end of 2008, when the first signs of the crisis emerged in Romania, until this March
Bankers have already bid adieu to 1.7bn-euro loans
The woes of firms facing plunging sales and of people seeing their incomes shrink are starting to be reflected in banks' balance sheets as well: sums more than 90 days overdue, and with litt...