debt discharge law

Since the entry into force of the debt discharge law to date, 7,900 requests have been registered, which means a total exposure of RON 2.2 billion (EUR 500 million), the Financial Stability Report of the National Bank of Romania (BNR)…

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Banca Comerciala Romana S.A. (BCR) and BRD-Groupe Societe Generale S.A. (BRD) at 'BBB+', UniCredit Bank S.A. (UCBRO) at 'BBB-' and Banca Transilvania S.A. (BT) at…

National Bank of Romania (BNR) has set a target of 6 percent for bad loans this year, given that, currently, the percentage is between 9-10 percent, Liviu Voinea, central bank Deputy Governor stated, during a press conference dedicated to…

Last year, Banca Comerciala Romana (BCR) posted a strong net profit of RON 1.04 billion (EUR 232.9 million), supported by “business development and continuous improvement of portfolio quality”, a press release informs on Tuesday, based on…

The very low interest rates represented a trend of previous years which is already terminated, and in 2017, as of June or July, they will increase by 1-2 percentage points of interest on deposits and loans on the banking market in Romania.…

The Constitutional Court (CCR) has postponed again the decision on the law on conversion of loans in Swiss francs submitted by the government after the talks in November were postponed pending for the motivation of the law on debt…

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…

With a record number of completed dwellings and an increase of transactions, 2016 will be the best year for the local residential market, according to Residential Market 2016 Overview of Coldwell Banker real estate, released on Thursday.…

The construction market in Romania is moving quickly toward a crisis similar to that in 2011-2013, if the banks will continue to limit Romanians’ access to credit, KeysFin study shows. “Overall, the effects will be felt in the economy as…

Banks have significantly tightened the lending standards for the population in the second quarter of this year for mortgage loans due to debt discharge law. According to a recent survey on lending of non-financial companies and…