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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




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