Vasilescu (BNR): The most expensive credit in the European Union can be found in Romania

The most expensive credit in the European Union can be found in Romania because we have a low degree of intermediation, and the profit is made from the margins, stated, on Wednesday, Adrian Vasilescu, strategy consultant at the National Bank of Romania (BNR)."Even if the interest rates are low, Romanian banks have more money than there is demand. The offer is higher than the demand. And still the interest is high. For what reason? The ARB director has a chart that ...

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