Lazea (BNR): Not all banks are in position to resume lending

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Observance of the agreement with the International Monetary Fund (IMF) is compelling for policies, and the commercial banks are undergoing a re-balancing process due to excesses in the past years, stated on Wednesday Chief economist of Romania’s National Bank (BNR) Valentin Lazea in a debate on lending re-launch, in the Chamber of Deputies Budget-Finance Committee.
„Not all the banks are in the position to resume lending shortly”, said Lazea.
„This will be a small steps policy. We must not expect grandiose projects and high amounts”, added BNR Chief economist.
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