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BNR's Olteanu: Romania joining the Single Supervisory Mechanism could make loans cheaper

Romania joining the Single Supervisory Mechanism (SSM) will mean a drop in banks' funding costs and cheaper loans for the real sector of the economy, according to Deputy Governor of the National Bank of Romania (BNR) Bogdan Olteanu.'The close of 2014 will witness the emergence of a Single Supervisory Mechanism for the banking system and hopefully also a principle decision on the unification of the national bank deposit guarantee ...

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