News » December, 2010 » 3 December 2010
Retail loans cheaper in October after three months of higher interests
03.12.2010, 00:04 | Finance-Banks | 772 views
Bankers in October made RON and euro loans to the consumers more than half a percentage point cheaper, with interest rates going down to 12.2% and 5.9% per annum, respectively, after they had during previous months pushed up loan costs in a bid to cover charges related to the implementation of Ordinance 50, which set more transparent conditions for loans. After these adjustments, interest rates are close to the year's lows, reached in early summer. "We noticed a downward loan cost trend in November, as well. In general, large and medium-sized banks are more aggressive when it comes to these interest cuts, while many small players prefer keeping costs stable," stated Anca Bidian, general manager of Kiwi Finance credit broker. 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...
|
|
