BCR: Crediting cost to go down

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The cost of crediting is to go down in Romania, currently being sufficiently high amounts in the system to be directed to loans, stated on Wednesday BCR Chief Executive Dominic Bruynseels at the Central and South-Eastern European Financial Forum.
As well, BCR official stressed that deposits rates will be diminished.
„At the moment when there are high interest rates the bank loan activity is unlikely. The risk appetite is low. As well, loan demand diminished”, stated in his turn President of Raiffeisen Bank Steven van Groningen.
At the same time he specified that as for the lei crediting issues „BNR cannot easily change the rates, nor modify the reference rate. Similarly a negative attitude towards the banks is of no help either”.
As regards the credits in euro Steven van Groningen pointed out that „the rates are lower on the international market, but for Romania the risk is still high. Many of us count on exterior resources”.
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