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Although this was not anticipated, the minister hit her on the scene and gave her explanations in a state of visible irritability, after which she left.
The bankers accused the ministry of regulating everything in the system without prior consultation.
Teodorovici explained that there was a dialogue and explained to them what the regulation of financial institutions of which they speak, but he also criticized the credit conditions applied in Romania to other countries.
As Minister of Finance, have you ever heard any pressure on the banking system? I think in my messages, I made it clear that the banking system should be a reliable partner for individuals and businesses. I've always said that there was a difference in approach, strongly felt in Romania, between the cost of financing a businessman who wants to develop a business in Romania and the same cost as that of a businessman with a similar business elsewhere europe.
I know that the risk of the country is always invoked, but every time we open these discussions, whether at European or national level, the arguments are not convincing. Banks in Romania have the second largest exposure to government securities in Europe. Why We want on the one hand government securities and, on the other hand, there are loan restrictions, "said the minister of bankers.
The bankers did not have time to fight back because Eugen Teodorovich left immediately.
Capital magazine recently showed that interest rates charged by banks in Romania to loans taken out by the population were much higher, even compared to other EU countries that have not yet adopted the euro. .
A Bulgarian who wants to buy a consumer loan in the leva today will have an annual interest rate of about 8.35%. A Hungarian will pay a little over 4% for his credit in the forints, while a Pole will have to leave the bank about 7.3% for a zloty loan. This is shown by the data of the central banks of the three countries comparable to Romania which, like us, are members of the European Union but have not yet adopted the euro.
In comparison, a Romanian who goes to the bank today will have to leave, on average, 10.1% for a consumer credit, as shown by the latest data from the National Bank of Romania. In other words, Romanians must pay for an interest in consumer credit at least 2 percentage points higher than that of a resident of a country in the region. Compared with interest rates in countries that have already adopted the euro, interest rates are several times higher. Translated into monthly payments in the form of a consumer loan over five years, customers of banks in Romania must bear higher costs of 20%.
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