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Debt discharge and conversion laws, lower risks for financial stability

financial-stability

The laws on debt discharge and conversion of foreign currency loans in lei represent decreasing risks for the financial stability, Liviu Voinea, deputy governor of the National Bank of Romania (BNR) said on Tuesday, presenting central bank’s Report on Financial ...

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EC’s Dombrovskis: CHF loans conversion law to be carefully applied in Romania

chf-loans

The law on Swiss franc (CHF)-denominated loans conversion into the local currency must be implemented very carefully in Romania, Valdis Dombrovskis, Vice-President of the European Commission for Financial Stability, Financial Services and Capital Markets Union, stated, taking into account the ...

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Banks in Romania to outsource NPL portfolios of EUR 1.6 bn

npl

Domestic banks intend outsourcing some of the bad loans portfolios of EUR1.6 billion for 2017-2018, according to Top Factoring, one of the largest companies of the debt collection market in Romania. Top Factoring specialists say that most of the 12 ...

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Foreign exchange reserves slightly up to EUR 34.3bn

bnr

On November 30st 2016, the National Bank of Romania’s foreign exchange reserves stood at EUR 34,387 million, compared to EUR 34,347 million on October 31st 2016, the central bank informs. During the month, the following flows have taken place: EUR ...

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National Bank approves the merger between Banca Comerciala Carpatica and Patria Bank

banca carpatica

The National Bank of Romania (BNR) has issued a preliminary approval on the merger between Banca Comerciala Carpatica and Patria Bank, allowing the start of completing the final formalities of beginning the registration of the new bank and the commencement ...

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Romania to pay EUR 1.26 bn to EU and WB in 2017

eu-and-wb

Romania has to pay over EUR 1.26 billion in 2017 to the European Union (EU) and the World Bank (WB) as part of the stand-by loan contracted in 2009, according to Ministry of Public Finance (MFP) data sent to agerpres.ro. ...

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Household deposits in domestic currency, up by 10.8 pc at end-October

household-deposits

At end-October 2016, RON-denominated household deposits increased by 0.6 percent to RON 97,654.9 million. At end-October 2016, household deposits in domestic currency rose by 10.8 percent (11.3 percent in real terms) year-on-year, National Bank of Romania (BNR) shows on Thursday. ...

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