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banks

Articole despre banks

NEED FOR MONEY / The decision of a loan in two weeks time

The decision regarding a possible loan that Romania would get from the European Commission or the IMF is to be taken in two weeks, announced PM Emil Boc. The PM explained that any agreement with the...

The Competition Council Investigates Banks Operating In Romania

The Competition Council screens the financial institutions for possible infringement to the law. “Our investigation is based on suspicions raised by the media regarding a possible inside trading of...

Romanian Banks Like Their Variable Interest Rates, Particularly Going Up

The National Agency for the Protection of the Consumer asked Romanian commercial banks to provide retail loans at fix interest rates and commissions, and allow the consumers time to study their loan contracts The...

Preventing Europe’s Next Banking Crisis

As shockwaves from America’s subprime disaster continue to reverberate, there is growing doubt about Europe’s ability to handle a financial crisis on a major scale. Severe lapses in bank regulation...

The fight for low interest rates

On the backdrop of low inflation (deflation), the National Bank of Romania (NBR) cut its reference interest rate with half a point, down to 20.75% from 21.25% previously, thus confirming a move anticipated by many. ...

Fight for the Abroad Money

The coach drivers, the quick-money-transfer services and the banks try to insinuate themselves into the favor of the Romanians abroad in order to get their money home, a sum estimated at 3.5 billion euros. CEC is...
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