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Bks Would Probably Restart Lending Competition Soon – Romanian Bks Assoc Head

Romanian banks would probably restart the lending competition soon, for attracting as many clients as possible, Thursday said Radu Ghetea, president of the Romanian Banks Association.
Bks Would Probably Restart Lending Competition Soon - Romanian Bks Assoc Head
02 iul. 2009, 19:04, English

In 2009, profitability will be sacrificed "on the altar of  prudentiality and stability" in the Romanian banking sector, Ghetea also said.
 
"The entire banking community is currently concerned with other things than making profit (…). We are not forgetting that any company is meant to register profit, but this year, and maybe next year as well, we will focus on other things," Ghetea stated during "Romania Financial Forum" seminar organized by MEDIAFAX and the National Bank of Romania.
 
On the other hand, Ghetea said that when interests are high, the margins are also high, and vice versa.
 
Ghetea considers that banks should relaunch lending, because this is what banks do.