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Banks' thirst for RON raises deposit interest rates to almost 11%
Bankers face strong competition on deposits attracted rather than on sale of credits, after the RON excess on the interbank market dried up. Banks paid average interests of almost 11% a year in order to attract deposits for periods longer than a month from the...
NBR raises key rate for the sixth time in a row, taking it to 10%
NBR's decision to raise the key interest rate on RON for the sixth time in a row, taking it to 10% a year, is making room for a new rise in credit prices, as well as for talks about further...
BT raises a further 30m euros from IFC
IFC, the investment arm of the World Bank, will discuss the approval on May 12 of a loan worth 30m euros for Banca Transilvania. Half of this sum is granted over a ten-year period and will g...
Piraeus raises interest on RON deposits to 10.5% a year
Piraeus Bank, a medium-sized player on the retail segment now offers an annual interest rate of 10.5% for three-month deposits. The bank, however, requires that such deposits be new, as the...
Petrom raises the price of diesel by 0.09 RON
Petrom has increased prices for all diesel products sold through Petrom and PetromV stations by 0.09 RON, however, the price of petrol will remain the same, the petroleum company announced....
Bancpost raises interest rates again
Bancpost has once again increased interest rates for its PRIM deposit (a fixed interest rate deposit), but has reduced the interest rate for its savings account in American dollars. For PRIM...
NBR raises monetary policy rate to 9%
The National Bank is pushing for an increase in the cost of lending in RON by increasing the key rate by 1%, from 8% to 9%. This is more than the market expected and reflects NBR's fears of...
BCR raises interest rates on euro and RON loans by 0.5 %
BCR, the largest bank on the market in terms of assets, yesterday increased interest rates on loans in both RON and euros granted to its retail customers. As a result, the cost of loans incr...
NBR raises interest rate by 0.5% to 8% a year
NBR has taken one more step towards making lending in RON more expensive, when it upped the key rate by 0.5%, to 8% a year yesterday. Analysts believe that sooner or later customers will fee...