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Romanians have saved 5bn euros since the beginning of the crisis
24.02.2011, 00:02 | Finance-Banks | 762 views
The consumer savings went up by 26% or by 21.5 billion lei (around 5 billion euros) in the last two years, during which the crisis has been fully felt. Analysts explain this apparently paradoxical growth through people's strong sense of caution, as well as through the high interest rates offered by banks in 2009 and in the first part of last year. The consumers' bank savings rose by 450 million lei (105 million euros) in January, up 1% against the previous month and 10.6% against the corresponding period of 2010, NBR (National Bank of Romania) data reveal. Read more on ZF.ro
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