Lazea (BNR): Retail lending slightly down over past five quarters

The retail lending to individuals have slightly dropped over the past five quarters, chief-economist of the National Bank of Romania (BNR) Valentin Lazea told a conference on the banking retail sector. 'There was a peak period somewhere in Q2 2010 before the paycuts in the public sector, with a later decline. The rate the old lines of credit are closed is higher than that of new loans opening. The structure proves it. The consumer loans seem to have decreased while the home loans ...

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