BNR Exchange Rates
16.05.2012- 1 EUR
4.4463 RON - 1 USD 3.4987 RON
- 1 CHF 3.7020 RON
- 1 GBP 5.5669 RON
- 1 gr. aur
172.7896 RON
Last call for relaxed credits promotionsUpdated: 01-09-2008 |
Bankers try to increase loan portfolios before the Romania's National Bank (BNR) applies new credit regulations, aimed at curbing lending, next month. Banks already extended their credit promotions, in an attempt to secure more clients on the last lap.
Bancpost, the fifth-largest lender in 2007 in terms of assets, with a loan portfolio worth €2.8 billion, externalizations excluded, after H1, extended the credit promotions twice. Clients get a promotional interest in the first three months for consumer loans in lei and euro, with no fees until October 10. Furthermore, they can loan money with up to 70 percent debt degree in their incomes until the first week of October.
Other lenders on the market, such as UniCredit Tiriac and Alpha Bank, are also analyzing the extension of loan promotions.
The new lending rules, already published by the BNR in the Official Registry, are aimed to curb lending, especially in foreign currency, and lower lending risks for both banks and clients. They are applied only one year after the central bank issued regulations easing lending, especially on the mortgages segment. Furthermore, BNR increased seven times in a row the key interest rate, in less than one year.
Business Standard
Latest News:
- Call for Entries for Deloitte Central Europe Technology Fast 50 2012
- Millennium Bank offers term deposits with monthly interest payment
- Deloitte European Salary Survey: Sweden, Belgium and the Netherlands, at the top of the pyramid of the tax systems
- Citibank Romania Announces New Partnerships Extending its ATM and Repayment Network by 500 Locations Countrywide
- NBR delivers a silver coin dedicated to Sergiu Celibidache – 100 years since his birth.
- MILLENNIUM BCP NAMED BEST BANK IN PORTUGAL FOR SECOND STRAIGHT YEAR BY EMEA FINANCE
- PwC Romania awarded by the Babes-Bolyai University
- COSMOTE Romania launches a new advertising campaign promoting its Business Portfolio
- On April, National Bank of Romania's foreign exchange reserves stood at EUR 34,336 million
- BCR achieves solid quarterly operating result despite economic slowdown
- The National Bank keeps unchanged the monetary rate
- Tomas Spurny begins mandate as BCR CEO
- PIC reorganization plan approved by creditors and confirmed by the syndic judge
- Upgrading water supply network in Romania's Mures county €15.9 million loan to S.C. Compania Aquaserv S.A.
- COSMOTE Romania introduces the online payment service
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings
