Isarescu: A big part of the banks’ losses come from low lending activity

Georgiana Bendre 09/08/2017 | 14:47

A big part of the banks’ losses come from not grating loans, said this Tuesday the governor of the National Bank of Romania’s (BNR), Mugur Isarescu.

“Banks cannot survive only from payment commissions or from currency exchange. They have expenses: offices, salaries, taxes and so on. If they don’t give loans, their profit capacity is low,” said Isarescu.

The governor said during the conference on annual report on the inflation that the companies level that are allowed to take loans is reduced, respectively 12,000 from 500,000, which says “a lot”.

Isarescu also spoke about the non-performing loans, saying that in normal conditions, a bank doesn’t need reasons to sell cheaper than it could actually sell.

“If it’s about offshores, they have to be immediately fined,” said the BNR governor.

The minister of finance stated recently that dozens of banks in Romania did not pay any profit tax in the last five years, adding that the state should look into this.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Georgiana Bendre | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue