lending

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…

In January - April 2016, the balance-of-payments current account posted a deficit of EUR 1,843 million, as compared with a surplus of EUR 282 million in January - April 2015; the primary income balance and goods balance recorded higher…

Law on debt discharge will generate a fall in prices in real estate market, at least in the short term, by 10 percent, in a conservative estimate, which will lead to a decrease of EUR 2,000 per household, Liviu Voinea, Deputy Governor of…

Banking financial analysts say that law on debt discharge in the present version may cause negative effects on lending through the unpredictability of the legislative framework and reducing contractual and property rights of the creditor,…

The European Central Bank (ECB) has cut its rate on bank overnight deposits from -0.2% to -0.3%. Bank head Mario Draghi also told a news conference that the ECB would extend its EUR 60bn-a-month bond-buying programme, or quantitative…

The draft law that allows a person who borrowed from the bank and can not pay the debt, to pass the mortgaged property into bank’s ownership, was adopted on Wednesday by the Chamber of Deputies, which is the decisional chamber of…

ING Romania recorded in the first nine months of 2015 a net profit of RON 251 million, up 9 percent over the same period last year, with total revenue that reached RON 748 million, up by 12 percent over the previous year, the financial…

The local financial subsidiary of Turkish Garanti Group estimates that lending will improve as the economic activity entered an upward trend, according to the bank’s latest Macroeconomic Report, corresponding to the third quarter of 2015, a…

Central bank’s assessments show that Romania could achieve a ‘decent’ level of real convergence for joining the euro area in 2022-2023, while preserving the elements of nominal convergence, Bogdan Olteanu, Vice Governor National Bank of…

The role of banks in the market economy functioning must be well explained, the National Bank of Romania (BNR) Governor Mugur Isarescu said on Monday during Summer Banking Academy event, organized by Romanian Banking Institute, Agerpres…