Garanti: New Lending Rules To Cause Decline, Market Will Adjust Though

09.23.2011 By Razvan Voican

The new regulations Romania’s central bank (BNR) has prepared for household lending will certainly lead to a decline of the retail banking business, says Murat Atay, general manager of Garanti Bank Romania. However, Garanti is not challenging the idea of discouraging foreign currency lending because borrowing in local currency is healthier and its Turkish experience says the market will gradually adjust.

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Keywords:: BNR; , REGULATION; , LENDING; , FOREX; , GARANTI

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