November 22, 2017

Bank interest rates on a downward trend in Romania

These days, bank interest rates are seeing a downward trend in Romania. Meanwhile, crediting is almost blocked. According to bankers, the resumption of individual crediting can be done only after a few successive quarters of steady economic growth followed by the banks’ major involvement in crediting companies. Romania has the chance of registering an economic growth of 2% this year, way above the initial forecast; bankers describe that as a substantial crediting boost. Such an incentive is a must, bankers explain, because the currently stalled crediting operations cannot be resumed in the absence of sustainable economic growth. But according to non-banking pundits, no sustainable growth can be achieved without a resuscitated crediting activity. Solutions are needed in order to overcome a situation like this, says Adrian Vasilescu, advisor of the Central Bank governor. In his opinion, the positive dynamics of bank loaning cannot be achieved without the crediting of various businesses.
Source: Balkans.com () paperovernight.com

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