Romania’s Central Bank Sets Stricter Foreign-Currency Lending Rules

12.28.2012 By Ioana Tudor

Romanian banks will provide corporate loans in foreign currency only after carrying out default risk simulations to take into account a severe depreciation of the leu against the main currencies, of 35.5% versus the euro, 41% against the US dollar and of 52.6% against the Swiss franc.

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Keywords:
BANKS
, LENDING
, REGULATION