Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Companies cut savings in bank deposits on negative real interest rates

Romanian companies reduced their savings in bank accounts in May on low incentives as financial institutions offer negative real interest rates. The amount of deposits declined by 0.2 percent month-on-month in May but rose by 9.1 percent year-on-year, to RON 336.6 billion (EUR 70.9 billion). Companies’ RON bank deposits declined by 0.7 percent while forex deposits dropped by 2.5 percent month-on-month as banks pay negative ...

Article accessible to subscribers only. Please login or subscribe.

More