Bruynseels (BCR): I expect lending to surge in 2011 last quarter

General Director of the Romanian Commercial Bank (BCR) Dominic Bruynseels said on Thursday he expects a higher lending in the last quarter of 2011, given that the banking sector shows signs of recovery.In his opinion, the demand for loans in the banking sector is slowly increasing thanks to the low level of interests. The refunding campaigns are further conducted but with less effects. Moreover, the margins on assets are under pressure while risk costs continue to reduce the ...

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