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Banks Slash Interest, Resume Competition For Consumer Loans In EUR

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Banks resumed the competition for consumer loans in EUR aimed at the population. According to data released by BNR, banks slashed annual effective interests (DAE) for this type of credits by 1.88 % in January, to 6.55 % – a historic minimum. The reference index for EUR interests, Euribor, slightly increased in January 2011 from 1.001 % to 1.074 % towards the end of the month. The DAE for consumer… Read More...


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