term
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Finance Ministry should borrow for short term
"In several months, inflation trends will become more predictable, and interest rates will also become more predictable at that moment. On the other hand, we can see the cash surplus is concentrated in the hands of the banks that have already bought government...
Banks pay 10% a year for term deposits in RON
Small players in the banking system, such as Bank Leumi and ProCredit, increased the interest rates paid for term deposits in RON to 10% a year, in order to attract more funds from clients....
RON to continue to grow stronger on medium term
The RON will continue to grow stronger in the medium term, say bankers, although it might take fluctuations in order to achieve this. Misu Negritoiu, deputy chief executive of ING Bank, sees...
Henk Muller ends second term as head of ABN Amro Romania
Henk Mulder, 51, chairman of ABN Amro Romania, has ended his second mandate at the top of the Romanian branch of the Dutch banking group. He will be succeeded by Peter W. Weiss, the current...
NBR management term extended by elections
The term of the current Board of Directors of the National Bank of Romania (NBR) expires on December 19, right after the parliamentary elections, when there might be no one available to appo...