Banks Make Loans Cheaper But Keep Their Margins

07.05.2013 By Ciprian Botea

Banks have cut interest rates for ongoing loans in lei by three quarters of a percent in three months’ time, to 10.8% a year in May, but have kept their net interest margin as high as possible, while at the same time cutting interest rates on deposits, shows aggregate data of Romanian central bank BNR.

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Keywords:
banks
, loans
, profit margins