News » April, 2011 » 12 April 2011
March retail loan sales match boom year levels
12.04.2011, 23:44 | Finance-Banks | 936 views
Loan demand from individuals registered a spectacular rebound in March, with the number of loan reports issued by the Credit Bureau at banks' requests for information on potential clients almost doubling from previous months, to 569,000 queries. This is the highest monthly level reached since the autumn of 2008, before bankers froze lending. The all-time peak had been reached in July 2008, when the Credit Bureau requested information about 793,000 potential clients. In 2008, the monthly average got close to 632,000 queries and in 2009 and 2010 it slid toward 341,000 queries. Despite the higher number of credit applications, the volume of loans granted to individuals continued to decline in March, which shows new funding is still not covering repayments. Read more on ZF.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
