central bank

Romania Late Payments On Loans Topping RON20,000M Up 4.45% In July

13:15, 07 Sept. 2009
Romanian overdue payments for loans worth at least 20,000 lei (EUR1-RON4.2434) amounted to RON6.076 billion end July, up 4.45% on the month, central bank data showed Monday.

Number Of Romanian Bad Loan Payers Exceeded 600,000 Persons In Jun

12:42, 26 Aug. 2009
The number of bad loan payers with loans overdue by more than 30 days exceeded 600,000 persons in June, according to the data of the Credit Bureau published by the central bank.

Romania Ctrl Bk To Use Own Cash To Refund EUR5B IMF Loan Tranche – Fin Min

15:32, 18 Aug. 2009
The Romanian central bank will use its own funds to repay a EUR5 billion first tranche from a total EUR13 billion loan agreed with the International Monetary Fund, and not public money, the country’s Finance Ministry said Monday.

Romania’s 1H Curr Acct Deficit Narrows 73.3% YY To EUR2.37B

13:08, 12 Aug. 2009
Romania's current account deficit narrowed 73.3% in the first six months to EUR2.37 billion, from EUR8.88 billion in the same period a year earlier, due largely to a lower trade deficit, the central bank said in a statement Wednesday.

Romania 1H FDI Down 42.9% YY To EUR2.89B

13:06, 12 Aug. 2009
Foreign direct investments, or FDI, in Romania fell 42.9% on the year to EUR2.894 billion in the first six months from EUR5.07 billion in the corresponding period a year earlier, the central bank said Wednesday.

Romania’s Curr Acct Gap, Foreign Debt See Positive Evolution – Ctrl Bker

13:03, 06 Aug. 2009
Romania's current account deficit and external short-term debt saw a positive evolution in the first six months, leading to a stable exchange rate, central bank governor Mugur Isarescu said Thursday.

Romanians Think Govt Unable To Fix Economy, Trust Central Bank – Survey

14:19, 05 Aug. 2009
Romanians don’t trust their government to come up with solutions to get the country’s economy back on track but look to the central bank as the only institution that considers their interests, according to a survey by research company GfK.

Romania’s Ctrl Bk Cuts Key Rate By 50 Bps, To 8.5%

13:27, 04 Aug. 2009
The Board of Romania’s central bank decided Tuesday to cut the key monetary policy rate by 50 basis points to 8.5% on the year and to lower the minimum reserve requirements ratio on foreign currency-denominated liabilities to 30%, from 35%.

IMF Mission Meets Romanian Ctrl Bk Governor Wednesday

16:39, 29 Iul. 2009
The International Monetary Fund mission in Romanian will meet Wednesday the central bank governor Mugur Isarescu and, later in the day, the group of ministers nominated to negotiate with the institution, governmental sources told MEDIAFAX.

Romanian Bks Took RON352M Short-Term Loans From Ctrl Bk In June, Highest In 3 Mos

16:02, 29 Iul. 2009
Romanian lenders borrowed 352 million lei (EUR1=RON4.2138) in June from the central bank BNR through the lending facility, the highest level since March, the central bank said Wednesday.

Romanian Ctrl Bk Gov Says Rating Agencies Were Right

13:23, 02 Iul. 2009
International rating agencies pointed out accurately Romania’s problems, as the country’s image was “very bad”, with a high external deficit and domestic debates on 50% salary hikes, central bank governor Mugur Isarescu said Thursday.

Romania’s Priority Is To Restart Healthy Econ Gwt – Ctrl Bker

12:43, 02 Iul. 2009
The Romanian authorities’ and the central bank’s priority should be restarting healthy economic growth, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Gov: Interest Rates Will Fall Quickly

12:25, 02 Iul. 2009
Interest rates for both deposits and loans in Romania will fall as quickly as the current account gap adjusted, central bank governor Mugur Isarescu said Thursday.

Romania Needs To Rebuild Trust To Overcome Crisis – Ctrl Bk Gov

12:20, 02 Iul. 2009
Rebuilding confidence is essential for Romania’s economy revival from the ongoing crisis, central bank governor Mugur Isarescu said Thursday.

Romania’s Ctrl Bker Disagrees WithAny Hikes Of Major Taxes

15:14, 01 Iul. 2009
Romanian central bank governor Mugur Isarescu said Wednesday he personally disagrees with an increase in any of the major taxes, and even with talks on this issue, which confuses people and the market even more.

Romanian Ctrl Bk: Lenders May Be Indirectly Affected By Cos’ Foreign Curr Loans Inked Abroad

14:31, 29 Iun. 2009
Banks operating in Romania might be indirectly affected by the foreign currency loans contracted by large companies directly from abroad, according to the 2009 Financial Stability Report published Monday by the National Bank of Romania BNR.

Romania’s Fincl Sector Able To Deal With Moderate Shocks – Ctrl Bk

14:28, 29 Iun. 2009
Romania’s financial system has proven able to absorb shocks of a relative moderate intensity and persistence during the economic crisis, as the risks were reduced due to the low external exposure, the central bank said Monday in its 2009 Financial Stability Report.

Romanian Ctrl Bk Adviser: Lenders Hiked Interests Following The Market

13:59, 24 Iun. 2009
Romania’s Competition Council is wrong in its allegation that banks have agreed on fixing interest rates, as the rate increases were caused by a market phenomenon called "prices sympathy”, said Wednesday Adrian Vasilescu, an adviser of the central bank’s governor Mugur Isarescu.

Romanian Ctrl Bk Gov Assures Bks On State Guarantee Benefits

14:49, 28 Mai 2009
Romanian central bank’s governor Mugur Isarescu Thursday assured banks' representatives willing to take part in the government's “First Home” program that the state guarantees will be granted immediately if clients do not pay their installments.

Romanian Central Bank To Amend Electronic Payment Rules To Include Consumer Protection

13:26, 26 Mai 2009
Romania’s central bank will complete by end June a draft to reedit its rules for electronic payment to include provisions regarding consumer protection, Ruxandra Avram, head of the central bank’s department for financial stability, said Tuesday.

Romanian Ctrl Bk May Be Authorized To Request Changes In Bk Mgmt, Hldr

12:19, 20 Mai 2009
The National Bank of Romania might be authorized to request changes in the banks’ management or shareholding, if their activity is considered unsatisfactory, central bank’s chief-economist Valentin Lazea said Wednesday.

Market Sensitive Indicators In The IMF Agreement Won’t Be Published – Romanian Ctrl Bk Gov

19:18, 14 Mai 2009
The market sensitive indicators in Romania's agreement with the International Monetary Fund will not be published, as in all the agreements there are included such indicators that may distort the markets, Romanian central bank governor Mugur Isarescu said Thursday.

Romanian Salaries Should Not Rise Above Inflation To Avoid Price Hikes- Ctrl Bk Adviser

12:11, 14 Mai 2009
Adrian Vasilescu, adviser of the central bank’s governor, stated Thursday that the salary hike in 2009 should not exceed inflation rate, estimated at 4.4% for this year, adding that unjustified hikes should be avoided as they would only trigger price hikes.

Peak Of Pressures Upon Leu Is Gone – Romanian Ctrl Bk Gov

14:08, 07 Mai 2009
The peak of speculative and non-speculative pressures upon the Romanian leu has passed, and the salary and fiscal policies are both much more adequate than in the past period, central bank governor Mugur Isarescu said Thursday.

Romanian Ctrl Bk Injects RON2.9B In Interbank Mkt

13:03, 06 Mai 2009
Romanian central bank Wednesday boosted liquidity in the interbank market by lending 2.87 billion lei (EUR1=RON4.2218) in a repurchase agreement operation (repo) at an annual interest rate of 10%, similar to the monetary policy rate.

Romania April Forex Reserves Dn EUR235M To EUR24.9B

16:25, 04 Mai 2009
Romanian foreign-exchange reserves fell EUR235 million in April to a total of EUR24.886 billion, the central bank said in a statement Monday.

Romanian 1Q Overdue Loans At RON4.46B, Up 56% From End-08

20:27, 27 Apr. 2009
Romanian overdue loans rose to 4.46 billion lei (EUR1=RON4.2218) at the end of the first quarter, 55.9% higher than RON2.86 billion at the end of December 2008, according to data published Monday by the central bank.

Romanian Ctrl Bk Injects RON4.7B In Inter-bank Market

14:16, 24 Apr. 2009
The National Bank of Romania raised Friday the inter-bank market liquidity, lending 4.71 billion lei (EUR1=RON4.2380) in a repo operation, at an annual interest rate of 10%, banking dealers said.

Romanian Fin Min, Ctrl Bk Gov Sign Letter On IMF Loan

16:04, 23 Apr. 2009
The letter of intent on closing the loan agreement with the International Monetary Fund was signed by the Romanian finance minister Gheorghe Pogea and by the central bank governor Mugur Isarescu, Premier Emil Boc said Thursday.

Lenders Took RON39B Loans From Romanian Ctrl Bk In Feb, Up 23% M-M

13:24, 01 Apr. 2009
Romanian banks borrowed in February 38.62 billion lei (EUR1=RON4.2329) from the central bank BNR, through the lending facility, up 22.6% compared with January, according to central bank data released Wednesday.

Romanian Ctrl Bk To Cut By 5% Fees Of ReGIS Payments

12:48, 01 Apr. 2009
The National Bank of Romania BNR will cut by 5% the fees collected from banks for urgent or high value payments in the real-time settlement system ReGIS, as of April 1, the central bank said Wednesday.

FOCUS: Romanian Ctrl Bk’s New Reserve Rule May Have Positive Effects On Lending

19:07, 31 Mart. 2009
The central bank’s decission to cut the reserve ratio on long-term foreign currency liabilities to zero from the current 40% should have a positive effect on the lending activity on medium-term and should ease the pressures upon the leu, the economic analysts said Tuesday.

Romanian MEP Daianu Not Interested In Ctrl Bk Deputy Governor Position

13:46, 30 Mart. 2009
Daniel Daianu, a member of the European Parliament and of the National Liberal Party, stated Monday, during the party's National Executive Council meeting, that he cannot accept a proposal for the position of deputy governor of the National Bank of Romania.

Romanian Overdue Loans Up 20.5% M-M In Feb

15:14, 27 Mart. 2009
Romanian non-performing loans rose 20.5% on the month in February to 4.25 billion lei (EUR1=RON4.2484), according to central bank data released Friday.

Romanian Ctrl Bk OKs Regulation Allowing Provisions Cut For Loss Loans

13:04, 20 Mart. 2009
The Board of National Bank of Romania approved the regulation allowing the banks to reduce provisions booked for "loss” loans by 25% of the guarantee value, the central bank said in a statement Friday.

Romanian ’08 FDI At EUR9.02B, Up 24.4% Y-Y – Ctrl Bk

10:40, 12 Feb. 2009
Foreign direct investments (FDI) in Romania rose to EUR9.02 billion in 2008, up 24.4% on the year, the central bank said Thursday.

Romanian Ctrl Bk Rate Cut Impact Deemed Modest – Analysts

19:38, 04 Feb. 2009
Romanian central bank’s decision to cut the key rate will not have a significant impact upon inter-bank interest rates that will have been slashed more aggresive if the central bank would have reduced the minimum required reserves ratios for leu liabilities, economic analysts said Wednesday.

Romanian Ctrl Bk Cuts Key Rate By 0.25 Pps To 10%, Keeps Min Req Reserves Ratios

14:25, 04 Feb. 2009
The Romanian central bank decided to cut the key rate by 0.25 percentage points to 10%, meeting analysts expectations, and kept the minimum required reserves ratios unchanged, the central bank announced Wednesday.

Romanian Ctrl Bk To Gradually Ease Monetary Policy – BCR

13:20, 03 Feb. 2009
The National Bank of Romania, or BNR, will cut the key rate in several steps, of 0.25 percentage points, along with reductions in the minimum required reserve ratios, Lucian Anghel, chief economist within Romanian largest bank BCR, said Tuesday.

Romania’s Forex Reserves Dn EUR211M In Jan To EUR26B

14:34, 02 Feb. 2009
Romania’s foreign exchange reserves decreased by EUR211 million in January to a total of EUR26.009 billion, the central bank said in a statement Monday.