Loading ...The median profit margin from crediting – namely the difference between the loan interest rate and the deposit one – has reduced this year and stood in August at 3.05%, according to BNR data.
At the start of the year, the interest rate margin for lei was 2.5% bigger than in August, whereas the interest rate margin at euro was by almost 1% bigger, in the case of the retail clients.
At the start of the year, the interest rate margin for lei was 2.5% bigger than in August, whereas the interest rate margin at euro was by almost 1% bigger, in the case of the retail clients.
“Banks will stand to lose as the interest rates for deposits have been increased continually to draw liquidity, whereas the loan interest rates could not be increased accordingly because of the competition”, Jean Pierre Vigroux, Managing Partner at consultancy company Mazars, told Business Standard.
In August, the annual interest rate for the retail leu deposits rose to 10.67%, which means by more than 4% in one year. At the same time, the euro interest rate reached 4.66%, up 1.3% versus August 2007.
As far as loans are concerned, the banks have not increased the interest rate equally significantly.
Thus, the annual interest rate for the retail forex loans reached 7.73% versus 7.78% in 2007.
Thus, the annual interest rate for the retail forex loans reached 7.73% versus 7.78% in 2007.
In August, the most significant interest rate rise was recorded by the retail leu loans – up to 13.7% against 13.23% median annual interest rate the previous month.
However, the higher cost of retail loans did not cause a sharp fall in the retail consumer loans.
Thus, the balance of the retail loans given in the national currency stood in August at 37.2bn lei (some 10.53bn euro), up 2.5% versus the previous month.
However, the higher cost of retail loans did not cause a sharp fall in the retail consumer loans.
Thus, the balance of the retail loans given in the national currency stood in August at 37.2bn lei (some 10.53bn euro), up 2.5% versus the previous month.
The analysts forecast a slowdown in crediting. The shortage of liquidity and the measures taken by BNR will be the main reasons why banks will slow down crediting. After H1 2008, the cumulated net profit in the local banking system stood at 522 million euro, up almost 25% on June 2007. However, the advance was below the annual pace in the previous months, when the banks’ profit rose by 60%.
Loading ...
Comentează acest articol