central bank

Romanian Bkers Want Ctrl Bk To Cut Rate, Min Req Reserves Ratios

15:44, 29 Ian. 2009
Romanian bankers are waiting for the central bank to cut both the key rate and the minimum required reserve ratios in next week’s Board meeting, in order to unfreeze lending, said the president of the Romanian Banks Association, or ARB.

Romanian Bks May Accept Higher Indebtedness Degree At Mortgage Lending – Ctrl Bk

18:05, 15 Ian. 2009
Romanian households can obtain higher mortgage loans, as the banks may accept a higher indebtedness degree, after the central bank’s Board decided Thursday to discard the stress tests from mortgage lending regulations.

Ctrl Bk To Decide On Amending Household Lending Rules Next Wk

19:25, 09 Ian. 2009
Romania’s central bank will decide next week whether it would amend household lending rules, especially those related to mortgage loans, banking sources told MEDIAFAX Friday.

Romanian Ctrl Bk To Support Govt Measures Of Econ Growth – Ctrl Bk Gov

14:55, 08 Ian. 2009
The National Bank of Romania will support the government's measures to sustain a minimum economic growth in 2009, the central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Keeps Key Rate Unchanged At 10.25%

15:34, 06 Ian. 2009
Romania’s central bank kept unchanged its key monetary policy rate at 10.25% on the year in a Board meeting held on Tuesday.

Foreign Currency Unpaid Loans In Sep Up 23% On Mo, Leu Unpaid Loans Up 8%

19:36, 05 Nov. 2008
Foreign currency unpaid loans rose 23% on the month in September, compared with a growth of 8.21% for unpaid loans made in Romanian currency lei, according to central bank data.

Romania Ctrl Bker: GDP Growth Below Potential Next Yr, Seen Recovering In 2010

18:41, 03 Nov. 2008
Romania’s gross domestic product growth will stand below its 6% potential next year, and the economy will return to a normal trend towards 2010, central bank deputy governor Cristian Popa said Monday.

Romania’s Forex Reserves Up EUR1.3B In Oct To EUR27.32B

13:53, 03 Nov. 2008
Romania’s foreign exchange reserves rose by EUR1.297 billion in October to a total of EUR27.318 billion, the central bank said in a statement Monday.

Romania’s Ctrk Bk Keeps Key Rate Unch At 10.25%, Lowers Leu Min Reserve Ratio To 18% -2-

14:51, 30 Oct. 2008
Romania's central bank decided on Thursday to keep unchanged the key monetary policy rate at 10.25% on the year and to reduce the minimum required reserves ratio on leu-denominated liabilities of credit institutions to 18% from 20%, the bank said.

Romanian Ctrl Bker: Key Rate Adjustment Is Not Necessary

12:50, 22 Oct. 2008
The monetary policy key rate should be left unchanged at the next meeting of the National Bank of Romania’s Board, which would consider other measures, to suit the current market status and with short term effects, central bank deputy governor Eugen Dijmarescu said Wednesday.

Romania Ctrl Bk Sells EUR40M To Support Leu On Forex Mkt

15:06, 10 Oct. 2008
The National Bank of Romania admitted it has sold EUR40 million on the foreign exchange market Friday to test the market’s functionality, according to its spokesperson, after dealers said the central bank stepped in to support the national currency leu.

Romania Ctrl Bk Intervenes On Forex Mkt To Support Leu

13:56, 10 Oct. 2008
The National Bank of Romania intervened on the forex market on Friday in order to support the national currency, following the high volatility of the leu in the first part of the trading session, dealers said.

Romanian Bank System’s Solid Capitalization Protects It From Intl Crisis – Bker

18:39, 23 Sept. 2008
The Romanian banking system is less vulnerable to the international financial crisis as it has a solid capitalization and it is exposed solely on the local market, where yields are high, central bank governor Mugur Isarescu said Tuesday at a press conference.

Over 6% Rise Of GDP Keeps Romanian Inflation High – Ctrl Bk Chief Economist

15:06, 15 Sept. 2008
A gross domestic product growth of over 6% will keep inflation high and it will be highly unlikely for the index to go below 3%, central bank chief economist Valentin Lazea said Monday.

Romanian Ctrl Bk Household Lending Rules Could Slow Dn Econ Growth In 2009 – BCR

15:55, 04 Sept. 2008
Romania could see a slowdown in economic growth starting 2009, especially in construction and services, as an effect of the central bank’s regulations limiting household lending risk, Romania’s largest lender Banca Comerciala Romana, or BCR, said in a report.

Romanian Bank Reps Held Meeting On Ctrl Bk Draft Regulations

17:53, 18 Iul. 2008
Representatives of credit institutions members of the Romanian Banks Association (ARB) held a meeting Friday, where they discussed the draft regulations issued by the central bank in a bid to keep household lending risk in check.

Romanian Ctrl Bk Extends Debates On Debt Ceiling Draft Regulation By Jul 31

12:50, 14 Iul. 2008
Romania’s central bank extended until Jul 31 the period for public debates on its draft regulation limiting credit risk on household lending after several commercial banks required the extension.

Romanian Ctrl Bk Cuts By 10% Fees For Real Time Clearing Sys Payments

12:06, 01 Iul. 2008
Romania’s central bank lowers by 10% fees perceived from lending institutions for large or urgent payments in the Real Time Gross Interbank clearing and settlement system (ReGIS) starting Aug 1, the bank said Tuesday.

Romanian Ctrl Bk Fails To Attract Deposits As Mkt Interest Rates Are Higher

15:11, 30 Iun. 2008
The auction organized by Romania’s central bank Monday to drain excess liquidity off the market, as no lending institution took part in the operation, considering commercial banks offer interests ranging between 10.69% - 11.22% for one-week deposits, while the central bank offers 10%.

Private Lending In Romania Grows At Risky Pace – Ctrl Bker

15:48, 27 Iun. 2008
Consumer lending in Romania is growing at such a fast pace that it entails high risks for banks and macroeconomic stability, Romanian central bank governor Mugur Isarescu said Friday in a seminar.

Romanian Ctrl Bk Governor Says ’08 GDP Growth May Exceed Expectations

14:45, 04 Iun. 2008
Romania’s economic growth might exceed expectations in 2008, but the country should improve its productivity and keep an eye on the current account deficit, central bank governor Mugur Isarescu said on Tuesday.

Romania House Prices Seen Climbing – Ctrl Bk

12:54, 04 Iun. 2008
House prices in Romania will increase in the upcoming months, but estimations regarding the evolution in the second half of the year are less exuberant, which might justify more severe mortgage loans conditions, the country’s central bank said in a poll Wednesday.

Romania’s 24% YOY Wage Hike In Apr Takes Direct Hit At Competitiveness – Ctrl Bker

12:45, 04 Iun. 2008
Romania’s 24% year-on-year wage increase in April is a direct hit at competitiveness, central bank deputy governor Eugen Dijmarescu said Wednesday.

Romanian Ctrl Bk To Become Creditor For Banking Sys

19:40, 21 Apr. 2008
The Romanian central bank might soon become creditor for the banking system, with the intention of lowering liquidity costs, said Eugen Radulescu, adviser to the governor of the Romanian central bank.

Romanian Loans Will Continue To Favor Euro – BRD Official

20:28, 17 Apr. 2008
Differences in interest rates, more attractive refinancing in foreign currency and the outlook of the switch to Euro will continue to support the increase of loans in Euro, said the director of the Financial Market Division within BRD-Societe Generale, Claudiu Cercel.

There Is No Liquidity Crisis In Romania – Ctrl Bker

19:27, 17 Apr. 2008
Romanian central bank governor Mugur Isarescu feels that Romania is not currently going through a liquidity crisis, since the minimum required reserves are high.

Romania’s Ctrl Bk To Cut Deposit Maturity To One Week

19:04, 17 Apr. 2008
Romania’s central bank considers reducing to one week the timetable for deposits attracted from commercial lenders, deputy director with the bank’s monetary policy division, Dorina Antohi, said Thursday.

Cut-off In Mother-Bank Funding Could Spell Trouble For Two Romanian Banks – Ctrl Bk Official

12:42, 17 Apr. 2008
A total cut-off in financing lines by mother-banks would spell trouble for two Romanian banks and would have a slight impact on the country’s economic growth, Romania’s central bank deputy governor Cristian Popa said Thursday.

Romanian Ctrl Bk Might Add 0.5 Percentage Points To Main Rate – Analysts

20:54, 24 Mart. 2008
Romania’s central bank will add 0.5 percentage points to the main rate, which will reach 9.5%, under pressure from the constantly high inflation, according to most economic analysts.

Romania Ctrl Bk Pledges To Keep Inflation Under Control – Governor

10:37, 31 Ian. 2008
Romania’s central bank governor Mugur Isarescu said late Wednesday that the National Bank of Romania would take the necessary measures to keep inflation within this year’s target band of 2.8-4.8%.

Romania’s Ctrl Bk Maintains Inflation Target – Ctrl Bkr

18:39, 15 Ian. 2008
The Romanian central bank will take any measure, including a new hike in the main rate, to strengthen the monetary policy and reach the inflation target, depending also on the market’s response to the last two hikes in the main rate, central bank Deputy Governor Eugen Dijmarescu stated Tuesday.

Romania’s Ctrl Bk Ups Main Rate To 8% From 7.5%

12:55, 07 Ian. 2008
Romania’s central bank decided Monday to hike the key monetary policy rate by 50 basis points to 8%, a move most analysts had expected, the central bank said in a statement.

Romania’s Ctrl Bk Sees Yr-End CPI At 5.7%

13:37, 05 Nov. 2007
(ADDS governor comments on external debt)

Romania’s Ctrl Bk Sees Yr-End CPI At 5.7%

12:59, 05 Nov. 2007
Romania’s central bank sees the year-end consumer price index deteriorating to 5.7% at the end of the year, 1.8 percentage points higher against the previous projection, due to the severe drop of the agricultural output, central bank governor Mugur Isarescu said in a press conference Monday.

Wage Hikes Sustainable, Ctrl Bk Opinions Out Of Context – PM

19:54, 03 Nov. 2007
Romania’s planned public sector wage increases are based on the economic growth in the past few years and not populist criteria, and the central banker’s statements on the matter were taken out of context, Prime Minister Calin Tariceanu said Saturday.