Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

BNR will release some reserves of commercial banks

The National Bank of Romania (BNR) will release a part of the commercial bank reserves this week or next week so that crediting could be soon resumed, the minister for small and medium companies Constantin Nita said.

"This money will reach the market to help real economy. We expect to resume crediting which is necessary for small companies. Because of the dropping demand, it will be useful to resume crediting in order to support small companies," Nita said when Bucharest Stock Exchange opened transactions.At the end of March BNR decided that the minimum compulsory reserves (MCR) for foreign exchange passives due after two years be reduced to zero compared to 40% at present, beginning with 25 May-23 June 2009.

The BNR governor declared last week that BNR will be generous with the reduction of the lowest compulsory reserves in foreign exchange and the accord terms with IMF, EU and the one signed with banks in Vienna. He showed that the reduction of reserves will be connected to the way in which banks resume the healthy crediting in foreign exchange, that is of long term loans for exporting or importing firms and long term mortgage credits.

Isarescu explained that foreign exchange MCR will be replaced for the time being by the money from IMF which will be returned when other foreign exchange resources such as European funds and foreign investments will get in.Commercial banks must set up MCR representing 40% of foreign exchange passives and 18% in lei.

 

Sursa: http://www.actmedia.eu

Tags: foreign bnr reserves exchange commercial banks

Articole similare