rates
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BRD continues to raise credit interest rates
BRD Groupe Société Générale, the second largest bank on the Romanian market, continues its strategy of making lending more expensive, which it started last year, justifying this through the need to cover higher financing costs, although the main effect of the...
Monetary policy interest rates stay put
The main central banks in Central and Eastern Europe and the European Central Bank have preserved interest rates at the latest round of monetary policy meetings, with the NBR (National Bank...
Analysts foresee a rapid slowdown for retail credit
Higher interest rates, as a result of the international crisis, tougher measure for funding, as stated in the new regulation of the NBR (National Bank of Romania), and the wide comparison ba...
Analysts: The NBR will not raise interest rates after August deflation
Economic analysts have changed their mind and now estimate the NBR (National Bank of Romania) could preserve or even reduce the monetary policy rate by the end of this year, amid favourable...
Promotional interest rates attract more RON deposits
The rise of deposits in RON accelerated in May for the second month in a row, amid aggressive promotions launched by banks to attract RON-denominated resources, while foreign currency-denomi...
Wood&Co rates Erste's exposure to structured products as manageable
Erste Bank's exposure to structured products, which amounts to 3 billion euros, has driven many investors away and caused the bank's shares to fall by 20% over the past year, yet the risk as...
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...
Annual interest rates top 9% for deposits in RON
Greek-based Banca Romaneasca has increased the annual interest rate on deposits in RON to 9.1% for three-month deposits - a record high, according to financial data sent to ZF. At the end 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...