05.21.2012

Almost 1,000 companies with bank deposits above 100,000 liquidated their deposits, while the number of depositors holding less than that amount fell by 7,800, according to the bank deposit guarantee more

05.08.2012

The average interest rate displayed by banks for household deposits in lei has diminished by a quarter of a percent in March to 6.24% a year, with the plentiful liquidity on the market putting more

04.03.2012

Leu-denominated loans for individuals became more expensive in February after three months of decline in a row, because of bankers seeking to boost revenue even though they are paying less to get more

03.07.2012

Local banks’ hunger for euros combined with the cash injections of the Romanian central bank (BNR) have led to a spectacular situation on the banking market: interest rates on euro deposits have more

03.01.2012

Romanian banks are bound to lower their interest rates this spring, as liquidity in the system is increasing, central bank governor Mugur Isarescu said Thursday. more

02.27.2012

Bank interest rates on Romanian leu-denominated loans are likely to enter a downward path in the coming months, but consumer confidence remains the main drive for lending growth, central bank deputy more

02.16.2012

Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank interest more

02.14.2012

Romanian bank interest rates are likely to increase in the coming period, despite the central bank’s monetary policy easing, the head of the country’s second largest lender BRD - Societe Generale more

02.14.2012

Money market interest rates, which are used as reference for loans in lei have fallen significantly since the beginning of this year because of excess liquidity, and this is starting to be felt in the more

02.07.2012

Romania will subsidize the interest on loans taken by farmers between January 28 and December 31, 2011 by up to 5% in 2012 and 2013, according to an ordinance issued in 2010, whose methodology was more

02.07.2012

Romanian central bank governor Mugur Isarescu Tuesday warned commercial lenders that their policy to increase interest rates on deposit facilities in a move to reduce their dependency on foreign more

01.12.2012

BCR, the largest bank on the market, raised its interest rate margin by over one percent on euro-denominated mortgage loans, to 5.95% above six-month Euribor, and by half a percent for leu-denominated more

12.20.2011

Romanian banks are likely to reduce interest rates on both deposits and loans in local currency in 2012, the head of the country’s banks association ARB said Tuesday. more

12.06.2011

Mugur Isarescu, governor of the Romanian central bank BNR, hopes banks will reduce interests on loans, at least on leu-denominated ones, in line with the inflation decline, although the market trend more

12.05.2011

Loans have become more expensive in the last few months after Romanian banks had steadily cut interest rates in the first half of the year, both for loans and for deposits. more

11.16.2011

Most Romanians choose a loan offer according to the effective annual percentage rate (APR, called DAE in Romania), but one third do not know what this rate means and more than half have the wrong idea more

11.14.2011

State-held CEC Bank is selling until January 15 2012 leu-denominated mortgage loans with a fixed interest of 5.97% in the first year, after which it charges a margin of just 1.75 percent above more

11.08.2011

Bankers are now fighting more intensely than ever to attract resources in euros from clients, and interests of more than 4% a year are no longer the exception, considering that banks are forced to more

11.03.2011

Romania’s largest bank Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, doesn’t plan to lower its interest rates on loans following the central bank’s decision to cut the more

11.03.2011

The persistence of low demand in the economy and the weak lending have persuaded the central bank (BNR) to finally relax the monetary policy after an eighteen-month hiatus. more

10.27.2011

The Romanian Government decided Wednesday the National Integrity Agency (ANI) will give full priority to analyzing ministries’ notifications regarding possible conflict of interest in managing more

10.25.2011

The government’s interest spending, which has tripled in the last three years, will continue to rise, making it into an important risk factor for fiscal control. Payment obligations will increase more

10.20.2011

Romania’s lower-than-expected inflation could prompt the central bank to lower its key rate by a quarter-percentage point to 6% in November, the first cut in 17 months, BRD-Groupe Societe Generale more

10.13.2011

Lower interest rates would allow the government to borrow cheaper and implicitly help the economy, but the Romanian central bank (BNR) is more preoccupied with protecting the leu rather than more

10.03.2011

Over the economic boom period, lending was supported by funds attracted by Romanian banks from their foreign shareholders, but strategies have changed during the crisis and many groups are now asking more