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Central Bank slashes minimum compulsory reserves in lei

The National Bank of Romania (BNR) has enforced as of December 24 the Board's decision to cut 2 percent of the minimum compulsory reserves in lei the commercial banks had to deposit at the National Bank of Romania.

The minimum compulsory reserves threshold thus dropped from 20 percent to 18 percent.Following this measure, commercial banks' liquidities will go up, supporting loans.'If a bank drew resources of 100 lei, 20 percent of it had to be deposited at the Central Bank, as minimum reserve. Following the new decision, only 18 percent out 20 are now going to the BNR. That means the banks will have more reserves in lei than before,' BNR spokesman Mugur Stet told BankingNews.

Sursa: http://www.actmedia.ro

Tags: minimum reserves compulsory percent bnr

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