ARB Head: Banks To Lower Interest Rates On Leu-Denominated Facilities In 2012
Romanian banks are likely to reduce interest rates on both deposits and loans in local currency in 2012, the head of the country’s banks association ARB said Tuesday.
“It is my opinion that deposit interest rates will go down in 2012, and, subsequently, the rates on loans will also be lower,” Radu Ghetea told reporters after an economic conference.
Ghetea said some of the local banks have already reduced their interest rates on leu-denominated loans.
“We already have the first signals of very low interest rates on loans in lei, similar to the ones on euro loans,” he said.
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