Bankers are starting to seek clients to whom to grant loans to after the volume of consumer loans fell in the first two months of the year alone by 2.2 billion RON (536 million euros), which directly affects their revenue-making ability.
Banks have also been pressured to resume lending by the policy of the National Bank, which has not intervened in the last few months to purge the excess RON from the monetary market, thus forcing interbank interest rates to go and to stay down, which affected players with excess liquidity. Yesterday short-term interest rates ranged between 2.29-2.79% a year, and did not exceed 6.4% for long-term maturities, either.
"The NBR is consistent in its message to encourage RON-denominated lending: it will keep interest rates down until banks realise that excess liquidity costs them. All banks have lending programmes, but this will persuade them even more that it is the only way to make money," said the dealer of a bank.
Bankers are starting to seek clients to whom to grant loans to after the volume of consumer loans fell in the first two months of the year alone by 2.2 billion RON (536 million euros), which directly affects their revenue-making ability.
Banks have also been pressured to resume lending by the policy of the National Bank, which has not intervened in the last few months to purge the excess RON from the monetary market, thus forcing interbank interest rates to go and to stay down, which affected players with excess liquidity. Yesterday short-term interest rates ranged between 2.29-2.79% a year, and did not exceed 6.4% for long-term maturities, either.
"The NBR is consistent in its message to encourage RON-denominated lending: it will keep interest rates down until banks realise that excess liquidity costs them. All banks have lending programmes, but this will persuade them even more that it is the o
