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Romania: Banks Keep Risk Margins Unchanged
People ♦
Published: November 19, 2013; 16:55 ♦ (Vindobona)
In spite of the recent cut in the key rate to an all-time low of four percent the financial institutes will not loosen risk policies.
Romania: Banks Keep Risk Margins Unchanged / Picture: © BNR National Bank of Romania
Earlier this month the National Bank of Romania (NBR) has cut the main rate again by 25 basis points to 4.0 percent. The market has already expected this measure, which is the fourth in a row since the beginning of July. As anticipated, NBR cut the basis rate by 125 basis points. Despite this measure the banking institutes in Romania will keep the strict loan policy and slightly reduce…
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