Head of BRD's financial markets: The interest rate rise for euro-denominated loans is not beyond control
Monday, October 25, 2010
The risk of an increase in reference rates for loans in euros - EURIBOR - is not something beyond the control of corporate customers because they have at their disposal instruments they can use to "block" certain interest rate and exchange rate levels for various periods of time, says Marius Stoica, executive manager of financial markets at BRD-SocGen, the second largest bank on the Romanian market.Even though the European Central Bank is not likely to start to increase its key ...