About us  Contact  Site Map   Login   

HomeInsurance marketEventsPublicationsXPRIMM TV  
 Insurance Brokers 
 Interview of the week 

Financial News


BNR: It's desirable for companies to meet crediting criteria instead of relaxing the latter

The desired development on the loan market is for companies to meet crediting criteria instead of relaxing those criteria, BNR Deputy Governor Bogdan OLTEANU stated on the 19th of April, during a financial seminar.

In what concerns the banks' image as "an enemy" following the approval of Government Ordinance (OUG) 50/2010, OLTEANU considers that the banks have resources with which to support their brands. He pointed out that the manner in which the banks lobbied on the OUG50/2010 issue is an example worthy to follow since the discussions in which they upheld their points of view were public.

"I believe there would have been less public tension if the consultation process had taken place before the regulations were adopted instead of after. The banks have the resources with which to back their brands", OLTEANU concluded.

In other developments, he also added that the Central Banks are anti-cyclical and become unpopular as the economies recover and the National Bank of Romania will resume its "hand break" role and will adapt its message when the Romanian economy changes course.

OLTEANU reiterated that within BNR there are talks and preoccupation on regulating forex crediting. The Deputy Governor pointed out that in the past BNR adopted preventive measures that had positive effects, one of them being that the financial system remained stable and the banks did not ask for and did not receive bailouts. He explained that the regulations concerning BNR's crediting criteria have led to the existence of a low number of physical persons that have problems with high indebtedness.

Published on 21.04.2011

Comment this article

Atention! "Comment" and "E-mail" are mandatory
If you are not logged on, your name will appear preceded by '(Anonymous)'. For authentication, click here
If you are logged on and you do not fill in your name, will be used the name that you used when you registered

< 10.000 car.

  Security code
Fill in the code from the image:

Copyright 2022 (c) 1asig.ro
powered by Media XPRIMM