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Romanian banks need state guarantees for helping their customers

Romanian banks are seeking solutions to help their debtors overcome the problems prompted by the Covid-19 epidemic, but they need new regulations and support from authorities like the central bank and the Government, according to the two local banking associations - ARB and CPBR - which inked two lists of proposed regulatory amendments. Essentially, the payment deadlines can’t be deferred by the banks themselves, without following procedures that ...

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