Loan requirements could get more restrictive as from 2013

Individuals and legal entities deriving income in the local currency, the leu (RON)), and wanting to apply for a forex-denominated loan will have to prove they have the capability to pay back such loans starting from 2013, and the banks will have to conduct analyses of possible currency and interest shocks, according to a draft regulation of the National Bank of Romania (BNR) released on Wednesday.'Lenders shall apply this regulation as from January 1, ...

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