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BNR cuts key interest rate to 2.25 pc. Inflation forecast for the year end revised downward from 2.2 to 2.1 pc

BNR

In its Wednesday meeting, the Board of the National Bank of Romania (BNR) decided to lower the monetary policy rate to 2.25 percent per annum from 2.50 percent starting with February 5, 2015, according to a press release. Also, the ...

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EBRD, Raiffeisen Bank and former Ministry of Energy, among the contributors to the domestic capital market development in 2014

bursa

Traditionally, in the first working day of February, Bucharest Stock Exchange (BVB) is organizing a reception to mark the inauguration of the new stock exchange year. This exquisite event has been a great occasion for Romanian business community to gather ...

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Parliament calls BNR for hearings on Swiss francs loans topic next week

discutii

The Commission for Budget, Finance and Banks of the Chamber of Deputies from Romanian Parliament decided to call central bank’s executive management for hearings regarding Swiss francs loans theme. Thus, after the meeting on Monday, February 9, between Commission Budget-Finance ...

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BNR’s foreign exchange reserves fell last month amid EC payments. Gold stock remained unchanged

Gold bars and Euro

National Bank of Romania’s foreign exchange reserves stood at EUR 30,595 million on January 31st 2015, compared to EUR 32,216 million on December 31st 2014, a press release informs. During the month, EUR 1,593 million inflows have taken place, representing ...

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Central bank Governor: Converting Swiss francs loans would lead to RON 5.7 bn losses. The impact can be dramatic for economy

mugur-isarescu_ST[1]

Romanian banking system recorded losses of RON 3.6 billion over the first 11 months of last year by removing non-performing loans from balance sheets, which has led to negative values of the banking system’s profitability. „The results are negative … ...

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Central bank admits CHF loans conversion is needed. Banks to relax the refund mechanism

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Following the Thursday meeting between the National Bank of Romania (BNR) management and commercial banks officials, Central Bank issued a press release indicating that will not propose a single solution for all borrowers and listed some solutions. Thus, according to ...

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Domestic banking sector, close to the start line for local comprehensive assessment

marketimage-phpAP66Mostresstests1[1]

A comprehensive assessment of the Romanian banking sector driven by the National Bank of Romania (BNR) is expected in 2015 and some banks have already started preparation using the key takeaways from the recent EU-wide European Central Bank (ECB) Comprehensive ...

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Foreign banks’ exposures on domestic economy, down more than 10 pc last year

Banking1[1]

Direct exposure of foreign banks on Romanian economy fell by 10.5 percent on a 12-month period ended in September 2014, from USD 44.24 billion to USD 39.58 billion, according to the Vienna Initiative committee report. In the Q3 compared to ...

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