Bankers prefer to place their money with the BNR (Romaniancentral bank) at an interest of just 2.25% a year onleu-denominated deposits in order not to take any chances on theeconomy.
Therefore, the first four months saw cumulated deposits ofRON113 billion (EUR26.7 billion) through the permanent overnightfacility. April alone saw RON34.6 billion in deposits, 7.5% morethan the 2010 monthly average.
"The liquidity level is satisfactory, but many banks prefer tohave above-necessary liquidity, at the risk of being lessprofitable. In addition, loan demand is as yet weak because manycompanies have postponed investment plans in order to analysewhether the investments are necessary at this time," commentsfinancial analyst Aurelian Dochia.
The volume of loans granted to companies and to consumers fell1.3% in March against February, to RON203.9 billion (EUR49.6billion), according to the latest data published by the centralbank. (EUR1 â RON 4.0885)
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
