Bankers' messages of intensifying their battle to attractclients are still very little reflected in interest margins - thespreads between interests charged by banks on loans and those paidby clients on deposits.
The cheapening of loans has been constantly accompanied by cutsto deposit interests, so the spread has been almost steady in thepast year. A visible correction was made as late as in Decemberlast year, but since then bankers have made little concessions.
For lei-denominated loans for individuals, the average interestfell by a little over one percentage point in March, to 12.95% ayear. During the same period, the deposit interest rate fluctuatedvery little, nearing 7% a year, which saw the margin narrow byaround half a percentage point.
Bankers only to "tested" the market with promotional creditoffers, and are set to make a decision on whether to pursue apolicy of cutting interests based on the demand response.
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