08.19.2022

State-owned natural gas producer and supplier Romgaz (SNG.RO) borrowed EUR325 million from Raiffeisen Bank at an interest of three-month EURIBOR plus 0.05% per annum, ZF has found from the more

01.28.2021

Romanian state-owned lender CEC Bank is launching a personal loan with a fixed interest rate of 10.40% per year, which can be contracted exclusively online, without making any trips to the bank, via more

06.30.2020

ING Bank Romania is launching an offer for mortgage loans for customers opting for a downpayment of at least 25%, offering them a 0.5% interest rate cut. more

03.31.2020

Romania's government Monday evening amended a decree allowing borrowers to postpone their bank loan repayments for up to nine months, until the end of 2020, eliminating additional interest throughout more

09.30.2019

Romania's consumer loan reference index, or IRCC, stood at 2.66% in the second quarter, slightly higher than the 2.63% value for the first quarter of the year, central bank data showed Monday. more

11.29.2017

Demand for homes and leu-denominated mortgage loans has gone up in the last few months of this year and in October banks granted 970 million lei (EUR209 million) loans so the stock of loans reached more

08.10.2017

Romania's central bank will introduce a prudential norm as of October 1, 2017 on loans granted by non-banking financial institutions (NBFIs) that may reduce interests paid by customers, said central more

01.07.2016

The year 2016 came with a first for the post-communist interbank market in Romania: the three-month ROBOR, used as a reference for the cost of leu loans fell to the all-time low of 0.98% per annum on more

09.02.2015

Individual customers took out 2.6 billion lei (EUR586 million) new leu-denominated loans in July, RON800 million more than in the year-ago month, while companies borrowed RON1.9 billion worth (EUR430 more

04.17.2015

Banks need to be more flexible with the small entrepreneurs and make loans cheaper, because they are two or three times more expensive than in other European countries Romania is in direct competition more

01.09.2015

In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of interest risk more

01.08.2015

Interests on leu loans have gone down with each monetary policy easing step of Romania's central bank so they are now competing with the cost of foreign currency loans. The adjustment trend will more

10.09.2014

Companies keep 84 billion lei (EUR19 billion) in banks, having increased their deposits by 8% in the past year, even though interest rates are below 2%, which clearly shows how little appetite they more

08.05.2014

Romania’s central bank (BNR) decision to cut the key rate to 3.25% was not an easy one considering the potential response of commercial lenders, as already seen, to first cut deposit interest rates, more

07.30.2014

The leu consumer loans, whose resurgence bankers expect to boost their revenue, are being offered at a more than 10% yearly interest, even though banks pay 2% to 3% for deposits from consumers and more

03.25.2014

Banks are trying to revive sale of consumer loans by charging lower interests and cutting fees, now that the crisis has eaten into their revenue and profits. more

10.08.2013

The annual percentage rates for the cheapest offers of real estate loans in lei have settled around 6% after banks have in the past two weeks adjusted the cost of loans to the trend of interest rates more

10.02.2013

The three- and six-month ROBOR rates, the indicators of the money market used as a reference when setting prices for leu loan contracts, have plunged to all time lows of less than 4% this year. This more

06.28.2013

Romania’s EUR20 billion rescue package is now eating into the funding that should have gone to highways, railways and hospitals. The central bank and the Finance Ministry got an actual amount of more

04.03.2012

Leu-denominated loans for individuals became more expensive in February after three months of decline in a row, because of bankers seeking to boost revenue even though they are paying less to get more

02.16.2012

Romanian banks charge up to 5% higher margins on loans in lei than Polish and Czech banks do on loans in their local currencies. Loans in lei are much more expensive even though interbank interest more

11.16.2011

Most Romanians choose a loan offer according to the effective annual percentage rate (APR, called DAE in Romania), but one third do not know what this rate means and more than half have the wrong idea more

09.15.2011

Volksbank returns to the market of home loans with interests of 9.61% on leu-denominated loans and of 6.98% on euro-denominated loans after a two-year pause. more