01.27.2017

The market of mortgage loans in lei has been on the rise for nearly two years and will further grow, all the more so as the value of an average loan increase by nearly 5-7% in 2016 and reached nearly more

07.04.2016

Banks gave local currency loans totaling RON12 billion to individuals in January-May, 50% higher than in the same period last year, due to lower interests on loans in lei. more

02.15.2016

Romanian state-run drugmaker Antibiotice Iasi (ATB.RO) reported a net profit of RON27.1 million in 2015, down from RON31.1 million a year before, but higher than forecasted, the company said in a more

07.03.2015

Romanian banks granted new consumer loans worth RON1.5 billion in May, double from the same period a year before and a seven-year high, according to the aggregated data of the central bank. more

11.12.2014

The city of Bucharest plans to issue leu-denominated bonds to fund the repayment of its EUR500 million Eurobond that falls due in 2015, according to an auction announcement. more

04.28.2014

On the shortage of foreign currency resources, restrictions imposed by the BNR and the cheaper lei loans, sales of new retail loans have almost entirely switched to the lei component. more

10.24.2013

Lower interest rates do manage to stimulate the demand for loans, as proved by the 2% increase in leu-denominated loans in September after the 3-month ROBOR (the offered rate on the interbank market) more

10.17.2013

Mortgage loans in lei granted by ING Bank have reached 15% of overall mortgage lending nine months after the bank’s strategic decision to no longer sell retail loans in euros. more

10.08.2013

Romanian banks offer some of the best interest rates for household loans in local currency in central and eastern Europe, despite the central bank’s high monetary policy rate and a negative more

05.23.2013

One must pay tens and even hundreds of thousands of lei to become investor in a closed-end fund, which puts clients’ savings in real estate, energy projects, financial derivatives or works of art. more

03.11.2013

The average interest rate on the new leu-denominated corporate loans increased to almost 10% a year, 0.5% above the minimum of last spring. This means bankers are again charging interests that used to more

01.04.2013

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei. more

12.12.2012

The 6 percent gap between the interest rate on loans in the Romanian currency and that on loans in euros is too high for large companies, which means that even companies who do business exclusively in more

12.06.2012

Bankers have ceased promoting loans in lei and even made them more expensive over the past few months. The high interests that once discouraged customers from borrowing in domestic currency are making more

10.11.2012

Lending to individuals remains frozen despite the promotional offers, so now banks are betting on loans in lei to companies. 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

03.02.2012

Bankers made loans in lei more expensive at the beginning of the year, and cut interest rates on deposits attracted from clients, as they seek to boost their income from interest rate margins to cover more

02.29.2012

Misu Negritoiu, the banker who has been running the local operations of the Dutch-held ING for five years and a half, does not expect 2012 to be any better than 2011 for banks or for the economy as a more

02.23.2012

ING Bank, the ninth largest bank on the Romanian market by assets, wants to make 2012 the year of lending in lei and plans to focus on selling products in local currency, from consumer loans and cards more