Romania interest rate for loans and deposits in local currency regional comparison
|
|
|
- Ethelbert Robbins
- 5 years ago
- Views:
Transcription
1 Romania interest rate for loans and deposits in local currency regional comparison Ionut Dumitru Chief-economist, Raiffeisen Bank Romania October 2013 Slide 1 /
2 Households loans - loans for consumption excluding revolving loans and overdrafts (1) Interest rate for new volumes in local currencies, all in costs (DAE in Romanian), % Germany, Austria, euro euro area, Slovenia, Bulgaria, Bulgarian lev Romania, Romanian leu Republic, Slovakia, koruna Lithuania, Lithuania n litas Poland, Polish zloty Latvia, Latvian lats Hungary, Hungaria n forint 2007Dec Dec Dec Dec Dec Dec Jan Feb Mar Apr May Jun Jul Source: ECB, EUROSTAT Slide 2 /
3 Households loans - loans for consumption excluding revolving loans and overdrafts (2) spreads over Money market rate (mid point 3M) Romania, Romanian leu Bulgaria, Bulgarian lev Republic, koruna Lithuania, Lithuania n litas Hungary, Hungaria n forint Germany Austria, area, Slovenia, Slovakia, Poland, Latvia,, Polish zloty Latvian lats 2007Dec Dec Dec Dec Dec Dec Jan Feb Mar Apr May Jun Jul Min. reserve requirement (MRR) rate, Jul % 1% 1% 1% 15% 10% 2% 3% 1% 3.50% 2% to 5% 2% Remuneration of MRR in Jul 2013, % The interest rate may not exceed the income of BNB for investments in euro CNB two-week repo rate (0.05%) no interest *NBP rediscount rate (2.75%) market rate interest rate on the overnight deposit facility (0.05%) MRR cost, % Spread adjusted with MRR, pp, July Source: ECB, EUROSTAT Slide 3 /
4 Households loans - loans for consumption excluding revolving loans and overdrafts (3) summary Romania has one of the lowest interest rate (DAE) for consumer loans (new volumes) in local currency (LCY) among CEE countries. In CEE5 (Bulgaria, Republic, Hungary, Poland and Romania), Romania has the second lowest cost of consumer lending after Bulgaria. In terms of spread above money market rate, Romania has the lowest cost of consumer lending in LCY among CEE5 countries, both in terms of unadjusted spread over money market rate, but also in terms of adjusted spread with the cost of minimum reserve requirement. Slide 4 /
5 Lending for house purchase excluding revolving loans and overdrafts (1) Interest rate for new volumes in local currencies, all in costs (DAE in Romanian), % Lithuania, Lithuania n litas Germany, Austria, Estonia, area, Republic, koruna Slovenia, Latvia, Latvian lats Slovakia, Poland, Polish zloty Romania, Bulgaria, Romanian Bulgarian leu lev Hungary, Hungaria n forint 2007Dec Dec Dec Dec Dec Dec Jan Feb Mar Apr May Jun Jul Source: ECB, EUROSTAT Slide 5 /
6 Lending for house purchase excluding revolving loans and overdrafts (2) spreads over money market rate Lithuania, Lithuanian litas Romania, Romanian leu Latvia, Latvian lats Hungary, Hungarian forint Germany, Austria, Poland, Republic, area, Slovenia, Slovakia, Bulgaria, Bulgarian Polish zloty koruna lev 2007Dec Dec Dec Dec Dec Dec Jan Feb Mar Apr May Jun Jul MRR rate 3% 1% 1% 15% 4% 2% 1% 1% 2% 1% 2% to 5% 10% interest rate on the The interest rate may Min. reserve requirement rate, 0.9*NBP overnight not exceed the Jul 2013 rediscount CNB two-week deposit income which the no interest rate 1.02(2.75%) repo rate (0.05%) 0.5 facility 0.5(0.05%) 0.5market rate BNB receives from its investments in euro Remuneration of Minimum reserve requirement in Jul 2013, % MRR cost, % Spread adjusted with MRR, pp, July Slide 6 / Source: ECB, EUROSTAT
7 Lending for house purchase excluding revolving loans and overdrafts (3) summary The total cost of mortgage lending (new volumes) in local currency (LCY) in Romania is higher than in Republic and Poland, but lower than in Hungary and Bulgaria. In terms of spread above money market rate, Romania has a cost of mortgage lending slightly higher than in Republic and Poland, but lower than in Hungary and Bulgaria. If we adjust the spread over money market rate with the minimum reserve requirement cost, Romania has the lowest cost of mortgage lending among CEE5 countries, very similar with the one from Germany and Austria and even lower than in the area. Slide 7 /
8 Revolving loans and overdrafts, convenience and extended credit card debt; Non-Financial corporations (1) Latvia, Latvian lats Interest rate for new volumes in local currencies, all in costs, % Republic, koruna Lithuania, Lithuanian litas area (changing compositi on), Poland, Polish zloty Bulgaria, Bulgarian lev Hungary, Hungarian forint Romania, Romanian leu Austria, Slovakia, Germany, Slovenia, 2007Dec Dec Dec Dec Dec Dec Jan Feb Mar Apr May Jun Jul Source: ECB, EUROSTAT Slide 8 /
9 Revolving loans and overdrafts, convenience and extended credit card debt; Non-Financial corporations (2) Republic, Latvia, Latvian Austria, Lithuania, Lithuanian Hungary, Hungarian Slovakia, area, Romania, Germany, Slovenia, Bulgaria, Bulgarian lats koruna Poland, Polish zloty litas forint Romanian leu lev 2007Dec Dec Dec Dec Feb Dec Jan Feb Mar Apr May Jun Jul Min. reserve requirement rate, Jul % 2% 4% 1% 3% 2% to 5% 1% 1% 15% 1% 1% 10% The interest shall be paid in levs and its Remuneration of interest rate Minimum reserve on the requirement in overnight Jul 2013, % deposit facility (0.05%) CNB twoweek repo 0.9*NBP rediscount rate (0.05%) rate (2.75%) 0.5no interest market rate rate may not exceed the income which the BNB receives from its investments in 0.5euro Min reserve req. cost, pp Spread ajusted with MRR, pp, July Slide 9 / Source: ECB, EUROSTAT
10 Revolving loans and overdrafts, convenience and extended credit card debt; Non-Financial corporations (3) Resolving insolvencies (World Bank Doing Business) Country Rank Time (years) Cost (% of estate) Recovery rate (cents on the dollar) Austria Germany Latvia Republic Poland Slovak Republic Lithuania Slovenia Hungary Bulgaria Romania SI BG Adjustedspread above money market rate (pp) AT Slide 10 / CZ SK LV PL LT HU RO NPL ratio for non-financial companies (%) Source: COFACE, Insolvency rate=no of companies in insolvency/no of active companies
11 Revolving loans and overdrafts, convenience and extended credit card debt; Non-Financial corporations (4) - summary The total cost of lending (new volumes) in local currency (LCY) to nonfinancial corporations in Romania is the highest among CEE5 countries. In terms of spread above money market rate, Romania has a cost of lending in local currency (LCY) to non-financial corporations only lower than in Bulgaria, but higher than in the other CEE5 countries. This is explained mainly by the higher cost of risk (higher level of NPL ratio in Romania) as a result of the worst insolvency code among CEE5 countries. Romania has by far the highest insolvency rate and the lowest recovery rate after insolvency among CEE5 countries. The insolvency procedure is abusively used by debtors in Romania not to pay their debt. Slide 11 /
12 Households deposits with agreed maturity, Up to 1 year (1) Interest rate for new volumes in local currencies, % Lithuania, Lithuania Austria, n litas Latvia, Latvian lats Germany, Republic, D koruna Slovakia, area, Slovenia, Poland, Polish zloty Hungary, Hungaria n forint Bulgaria, Bulgarian lev Romania, Romania n leu 2007Dec Dec Dec Dec Dec Dec Jan Feb Mar Apr May Jun Jul Slide 12 /
13 Households deposits with agreed maturity, Up to 1 year (2) spread over money market rate Lithuania Romania Hungary, Poland,, Latvia, Republic,, Bulgaria, Hungaria Polish LithuaniaLatvian Austria, Germany, Romania Slovakia Slovenia, area, Bulgaria n forint zloty n litas lats koruna n leu, n lev 2007Dec Dec Dec Dec Dec Dec Jan Feb Mar Apr May Jun Jul Spread adjusted with MRR cost Slide 13 /
14 Households deposits with agreed maturity, Up to 1 year (3) The absolute interest rate for deposits (new volumes) in local currency (LCY) of households in Romania is the highest among CEE5 countries. In terms of adjusted spread above money market rate, Romania has the second highest spread after Bulgaria. In Hungary and Poland, the spread is even negative. Slide 14 /
Fiscal competitiveness issues in Romania
Fiscal competitiveness issues in Romania Ionut Dumitru President of the Fiscal Council, Chief Economist Raiffeisen Bank* October 2014 World Bank Doing Business Report Ranking (out of 189 countries) Ease
August 2008 Euro area external trade deficit 9.3 bn euro 27.2 bn euro deficit for EU27
STAT/08/143 17 October 2008 August 2008 Euro area external trade deficit 9.3 27.2 deficit for EU27 The first estimate for the euro area 1 (EA15) trade balance with the rest of the world in August 2008
October 2010 Euro area unemployment rate at 10.1% EU27 at 9.6%
STAT//180 30 November 20 October 20 Euro area unemployment rate at.1% EU27 at 9.6% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was.1% in October 20, compared with.0% in September 4.
January 2010 Euro area unemployment rate at 9.9% EU27 at 9.5%
STAT//29 1 March 20 January 20 Euro area unemployment rate at 9.9% EU27 at 9.5% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was 9.9% in January 20, the same as in December 2009 4.
May 2009 Euro area external trade surplus 1.9 bn euro 6.8 bn euro deficit for EU27
STAT/09/106 17 July 2009 May 2009 Euro area external trade surplus 1.9 6.8 deficit for EU27 The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in May 2009 gave a 1.9
Macroeconomic overview SEE and Macedonia
Macroeconomic overview SEE and Macedonia Zoltan Arokszallasi Chief Analyst, Macro & FX/FI Research Erste Group Bank Erste Investors Breakfast, 29 September, Skopje 02. Oktober SEE shows mixed performance
List of Prices and Services
1. Basic price Account management including bankomo credit card Until 31.12.17: EUR 4.90 (monthly) From 1.1.18: EUR 8.90 (monthly) 2. Account transactions 2.1 SEPA Credit Transfer in accordance with fair
DATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions
DIRECTORATE GENERAL STATISTICS LAST UPDATE: 10 APRIL 2013 DIVISION MONETARY & FINANCIAL STATISTICS ECB-UNRESTRICTED DATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions The series keys related to Investment
January 2009 Euro area external trade deficit 10.5 bn euro 26.3 bn euro deficit for EU27
STAT/09/40 23 March 2009 January 2009 Euro area external trade deficit 10.5 26.3 deficit for EU27 The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in January 2009
Central and Eastern Europe: Global spillovers and external vulnerabilities
Central and Eastern Europe: Central and Eastern Europe: Global spillovers and external vulnerabilities ICEG Annual Conference Brussels, May 28 Christoph Rosenberg International Monetary Fund Overview The
Harmonised Index of Consumer Prices (HICP) August 2015
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 MONTENEGRO STATISTICAL OFFICE R E L E A S E Broj: 201 Podgorica, 18 September 2015 When using the data please name the source
Traffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2015.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2015 Motorways General Almost 30.000 people were killed in road accidents on motorways
SEE macroeconomic outlook Recovery gains traction, fiscal discipline improving. Alen Kovac, Chief Economist EBC May 2016 Ljubljana
SEE macroeconomic outlook Recovery gains traction, fiscal discipline improving Alen Kovac, Chief Economist EBC May 216 Ljubljana Real economy highlights Recent GDP track record reveals more favorable footprint
Annex of Tables. Cutoff date for data: November 18, 2010
International Environment Exchange Rates Key Interest Rates Short-Term Interest Rates Long-Term Interest Rates Corporate Bond Spreads Stock Indices Gross Domestic Product Current Account Inflation Table
May 2009 Euro area annual inflation down to 0.0% EU down to 0.7%
STAT/09/88 16 June 2009 May 2009 Euro area annual inflation down to 0.0% EU down to 0.7% Euro area 1 annual inflation was 0.0% in May 2009 2, down from 0.6% in April. A year earlier the rate was 3.7%.
The new fiscal code economic context and impact on the budget. Ionut Dumitru President of the Fiscal Council June 2015
The new fiscal code economic context and impact on the budget Ionut Dumitru President of the Fiscal Council June 2015 A booming economy before the crisis 1.8 2.1 Annual average GDP growth (2001-2008) 3.3
Fiscal sustainability challenges in Romania
Preliminary Draft For discussion only Fiscal sustainability challenges in Romania Bucharest, May 10, 2011 Ionut Dumitru Anca Paliu Agenda 1. Main fiscal sustainability challenges 2. Tax collection issues
Annex of Tables. Cutoff date for data: November 18, 2011
Anne of Tables International Environment Echange Rates Key Interest Rates Short-Term Interest Rates Long-Term Interest Rates Corporate Bond Spreads Stock Indices Gross Domestic Product Current Account
VALUATION FOR PROPERTY TAX PURPOSE. ANALYSIS OF THE EU TRANSITIONAL COUNTRIES
VALUATION FOR PROPERTY TAX PURPOSE. ANALYSIS OF THE EU TRANSITIONAL COUNTRIES Ion ANGHEL, Bucharest University of Economics, Romania Ciprian SIPOS, The West University of Timisoara, Romania Key words:
NOTE ON EU27 CHILD POVERTY RATES
NOTE ON EU7 CHILD POVERTY RATES Research note prepared for Child Poverty Action Group Authors: H. Xavier Jara and Chrysa Leventi Institute for Social and Economic Research (ISER) University of Essex The
Croatia economic developments and outlook. Boris Vujčić 16 December 2015
Croatia economic developments and outlook Boris Vujčić 16 December 215 International environment and raw material prices GDP (real rates of change, in %) 214 Current projection 215 216 Δ Previous projection
EU Funds in Central and Eastern Europe 2011 kpmg.com/cee
PUBLIC SECTOR EU Funds in Central and Eastern Europe 2011 kpmg.com/cee 2 Section or Brochure name EU Funds in Central and Eastern Europe 2011 3 Table of contents Introduction Foreword 4 EU Funds covered
Private Equity Business outlook in the time of change in the CEE Region
Private Equity Business outlook in the time of change in the CEE Region Prepared for Private Equity Forum & Awards Gala 2 Macroeconomic overview Poland and the CEE Region 3 Region of Central and Eastern
wiiw Annual Database detailed description
Description wiiw Annual Database 1 wiiw Annual Database detailed description Last update of this description: March 2019 As a backbone for its core research, wiiw maintains and regularly updates its wiiw
I. Introduction. II. Exchange rates in European transition economies
EXCHANGE RATE VOLATILITY IN CENTRAL AND EASTERN EUROPE Horobet Alexandra Academy of Economic Studies Bucharest, Department of International Business and Economics, +40-21- 3191990, alexandra.horobet@rei.ase.ro
Traffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2016.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2016 Motorways General Almost 26.000 people were killed in road accidents on motorways
Traffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2017.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2017 Motorways General More than 24.000 people were killed in road accidents on motorways
14349/16 MP/SC/mvk 1 DG D 2B
Council of the European Union Brussels, 15 November 2016 (OR. en) 14349/16 COPEN 336 EUROJUST 146 EJN 72 NOTE From: To: General Secretariat of the Council Delegations No. prev. doc.: 9638/15 Subject: Implementation
Taxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000
DG TAXUD STAT/09/92 22 June 2009 Taxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000 The overall tax-to-gdp
Financial stability is seen in the narrow sense of households being able to repay loans, and banks being exposed to the risk of non-performing loans,
FINANCE AND HOUSING IN CENTRAL AND EASTERN EUROPE: A DEMAND-SIDE APPROACH Liviu Voinea, Deputy Governor, National Bank of Romania Finance and Housing Panel, Bruegel Annual Meetings 217 In 215, ESRB published
December 2010 Euro area annual inflation up to 2.2% EU up to 2.6%
STAT/11/9 14 January 2011 December 2010 Euro area annual inflation up to 2.2% EU up to 2.6% Euro area 1 annual inflation was 2.2% in December 2010 2, up from 1.9% in November. A year earlier the rate was
HOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS
REPUBLIC OF SLOVENIA HOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS Matej Divjak, Irena Svetin, Darjan Petek, Miran Žavbi, Nuška Brnot ??? What is recession?? Why in Europe???? Why in Slovenia?
COMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
27.4.2012 Official Journal of the European Union L 115/27 COMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
BANKING IN CEE. Carlo Vivaldi CFO UniCredit Bank Austria
BANKING IN CEE Carlo Vivaldi CFO UniCredit Bank Austria Brussels, November 10, 2009 EU Parliament Committee on the Financial, Economic and Social Crisis Executive Summary Macroeconomic and Global Banking
EU Membership: A Post-Accession Boom, but New Policy Challenges
EU Membership: A Post-Accession Boom, but New Policy Challenges Christoph Rosenberg IMF Office for Central Europe and the Baltics 18 th Economic Forum in Krynica September 28 Most new member states have
European Economic Forecast
ISSN 2443-8014 (online) European Economic Forecast Autumn 2017 INSTITUTIONAL PAPER 063 NOVEMBER 2017 EUROPEAN ECONOMY Economic and Financial Affairs European Economy Institutional Papers are important
Growth, competitiveness and jobs: priorities for the European Semester 2013 Presentation of J.M. Barroso,
Growth, competitiveness and jobs: priorities for the European Semester 213 Presentation of J.M. Barroso, President of the European Commission, to the European Council of 14-1 March 213 Economic recovery
Europeans attitudes towards the issue of sustainable consumption and production. Analytical report
Flash Eurobarometer 256 The Gallup Organisation Analytical Report Flash EB N o 251 Public attitudes and perceptions in the euro area Flash Eurobarometer European Commission Europeans attitudes towards
Poland s Economic Prospects
Poland s Economic Prospects Unicredit Conference Warsaw, June 8, 11 Mark Allen Senior IMF Resident Representative for Central and Eastern Europe Recovery is driven by domestic demand Contributions to Real
Gender pension gap economic perspective
Gender pension gap economic perspective Agnieszka Chłoń-Domińczak Institute of Statistics and Demography SGH Part of this research was supported by European Commission 7th Framework Programme project "Employment
The Cyprus Economy: from Recovery to Sustainable Growth. Vincenzo Guzzo Resident Representative in Cyprus
The Economy: from Recovery to Sustainable Growth Vincenzo Guzzo Resident Representative in Growth momentum remains strong 18 : Real GDP ( billion) 1 Deviation from Pre-Crisis Level and Trend (Percent)
Economic Trends and Challenges
Economic Trends and Challenges in Central and Eastern Europe Christoph Rosenberg International Monetary Fund Warsaw Regional Office April 2007 Note: These are the author s s own views, not necessarily
Aspecte ale competitivitatii economice a Romaniei
Aspecte ale competitivitatii economice a Romaniei Ionut Dumitru Presedinte Consiliul Fiscal, Economist-sef Raiffeisen Bank* Mai 2014 *Opiniile exprimate sunt opinii personale ale autorului si nu implica
BANK PEKAO SA. Delivering sustainable profitability on the back of scale and market leadership
BANK PEKAO SA Delivering sustainable profitability on the back of scale and market leadership Bank of America Merrill Lynch Banking & Insurance CEO Conference London, 26.09.2012 DISCLAIMER This presentation
STAT/14/ October 2014
STAT/14/158-21 October 2014 Provision of deficit and debt data for 2013 - second notification Euro area and EU28 government deficit at 2.9% and 3.2% of GDP respectively Government debt at 90.9% and 85.4%
Potential risks for home and host countries stemming from activities of multinational banks in the CEE10 region
Issue 1 February 212 Potential risks for home and host countries stemming from activities of multinational banks in the CEE1 region Zdeněk Čech, Anton Jevčák, Corina Weidinger Sosdean Introduction The
August 2012 Euro area international trade in goods surplus of 6.6 bn euro 12.6 bn euro deficit for EU27
146/2012-16 October 2012 August 2012 Euro area international trade in goods surplus of 6.6 12.6 deficit for EU27 The first estimate for the euro area 1 (EA17) trade in goods balance with the rest of the
Themes Income and wages in Europe Wages, productivity and the wage share Working poverty and minimum wage The gender pay gap
5. W A G E D E V E L O P M E N T S At the ETUC Congress in Seville in 27, wage developments in Europe were among the most debated issues. One of the key problems highlighted in this respect was the need
June 2014 Euro area international trade in goods surplus 16.8 bn 2.9 bn surplus for EU28
127/2014-18 August 2014 June 2014 Euro area international trade in goods surplus 16.8 bn 2.9 bn surplus for EU28 The first estimate for the euro area 1 (EA18) trade in goods balance with the rest of the
FDI in Central, East and Southeast Europe: Recovery amid Stabilising Economic Growth
Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies www.wiiw.ac.at wiiw FDI Report 217 FDI in Central, East and Southeast Europe: Recovery amid
June 2012 Euro area international trade in goods surplus of 14.9 bn euro 0.4 bn euro surplus for EU27
121/2012-17 August 2012 June 2012 Euro area international trade in goods surplus of 14.9 0.4 surplus for EU27 The first estimate for the euro area 1 (EA17) trade in goods balance with the rest of the world
Convergence in the Baltics: From Boom to Bust?
Convergence in the Baltics: From Boom to Bust? Christoph Rosenberg IMF Office for Central Europe and the Baltics CASE Warsaw, September 3, 28 EU15: Population: 332.1 mn GDP PPP per capita: 27.6 Population:
Exchange rate statistics. Statistical Supplement to the Monthly Report 5 JULY 2010 SEPTEMBER OCTOBER NOVEMBER AUGUST
Exchange rate statistics JULY 2010 AUGUST SEPTEMBER OCTOBER NOVEMBER Statistical Supplement to the Monthly Report 5 EUROSYSTEM Deutsche Bundesbank Wilhelm-Epstein-Straße 14 60431 Frankfurt am Main Germany
NATIONAL BANK OF ROMANIA 1
NATIONAL BANK OF ROMANIA 1 CONTENTS Macroeconomic Snapshot....3 GDP Dynamics...8 Inflation Developments...12 Monetary Policy...15 Fiscal Policy.. 20 Current Account....23 Banking System...27 Challenges
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA SECOND QUARTER OF 2018 SOFIA HIGHLIGHTS The Bulgarian economy recorded growth of 3,6% on an annual basis in Q1 2018, driven by the private consumption and
Report on financial stability
Report on financial stability Márton Nagy MNB Club 26 April 212 Key risks Deteriorating lending capacity stemming particularly from liquidity side raises the risk of a credit crunch, mainly in the corporate
Financial Stability Report 2015
Press Conference Financial Stability Report 215 Liviu Voinea Deputy Governor Bucharest, 6 October 215 1 Map of systemic risks Chapter 1. International and domestic economic and financial environment Chapter
Social Protection and Social Inclusion in Europe Key facts and figures
MEMO/08/625 Brussels, 16 October 2008 Social Protection and Social Inclusion in Europe Key facts and figures What is the report and what are the main highlights? The European Commission today published
Investment and competitivenss" Boris Vujčić, guverner
Investment and competitivenss" Boris Vujčić, guverner e-mail: boris.vujcic@hnb.hr Outline Capital investment and FDI developments in Croatia and peer countries Structural position of Croatia Why are some
Scenario for the European Insurance and Occupational Pensions Authority s EU-wide insurance stress test in 2016
17 March 2016 ECB-PUBLIC Scenario for the European Insurance and Occupational Pensions Authority s EU-wide insurance stress test in 2016 Introduction In accordance with its mandate, the European Insurance
World Economic Outlook Central Europe and Baltic Countries
World Economic Outlook Central Europe and Baltic Countries Presentation by Susan Schadler and Christoph Rosenberg September 5 World growth returns to trend. (World real GDP growth, annual percent change)
Two years to go to the 2014 European elections European Parliament Eurobarometer (EB/EP 77.4)
Directorate-General for Communication PUBLIC OPINION MONITORING UNIT Brussels, 23 October 2012. Two years to go to the 2014 European elections European Parliament Eurobarometer (EB/EP 77.4) FOCUS ON THE
Some Historical Examples of Yield Curves
3 months 6 months 1 year 2 years 5 years 10 years 30 years Some Historical Examples of Yield Curves Nominal interest rate, % 16 14 12 10 8 6 4 2 January 1981 June1999 December2009 0 Time to maturity This
International economy in the first quarter of 2009
The article is based on data with cutoff date as of June, 9. I volume, 8/9B International economy in the first quarter of 9 GLOBAL ECONOMY The GDP development in OECD countries recorded a further decrease
The EFTA Statistical Office: EEA - the figures and their use
The EFTA Statistical Office: EEA - the figures and their use EEA Seminar Brussels, 13 September 2012 1 Statistics Comparable, impartial and reliable statistical data are a prerequisite for a democratic
Investment and Investment Finance. the EU and the Polish story. Debora Revoltella
Investment and Investment Finance the EU and the Polish story Debora Revoltella Director - Economics Department EIB Warsaw 27 February 2017 Narodowy Bank Polski European Investment Bank Contents We look
Preparing Romania for EU Membership: A Commission perspective. Presentation by Martijn Quinn European Commission DG Enlargement
Preparing Romania for EU Membership: A Commission perspective Presentation by Martijn Quinn European Commission DG Enlargement Preparing Romania for EU Membership EU-Romania: a developing relationship
Has private sector credit in CESEE approached levels justified by fundamentals? A post-crisis assessment
Has private sector credit in CESEE approached levels justified by fundamentals? A post-crisis assessment 83 rd OeNB East Jour Fixe, September 18, 18 Mariarosaria Comunale (Bank of Lithuania / ECB) Markus
May 2012 Euro area international trade in goods surplus of 6.9 bn euro 3.8 bn euro deficit for EU27
108/2012-16 July 2012 May 2012 Euro area international trade in goods surplus of 6.9 3.8 deficit for EU27 The first estimate for the euro area 1 (EA17) trade in goods balance with the rest of the world
The solid performance of CEE. Central and Eastern Europe pulled along by banks
The opening of the credit sector to outside investors has been a key part of the process of transforming and modernising the entire area and its economy. Western banks now play a leading role in many countries,
Alpha Bank Romania. Introducing Cover Bonds in Romania
Alpha Bank Romania Introducing Cover Bonds in Romania May 218 RO residential market: building on a growth momentum Population is living in overcrowded dwellings. Home ownership is considered a prerequisite
BANKING IN CEE: adequate risk appetite crucial to win the upside
BANKING IN CEE: adequate risk appetite crucial to win the upside UniCredit Group CEE Strategic Analysis Vienna, November 9, 2009 Executive Summary 1 World economic growth is recovering and this boosts
CEE BANKING: THE NEW MODEL OUT OF THE CRISIS. Federico Ghizzoni, Head of CEE Banking Operations Debora Revoltella, Head of CEE Strategic Analysis
CEE BANKING: THE NEW MODEL OUT OF THE CRISIS Federico Ghizzoni, Head of CEE Banking Operations Debora Revoltella, Head of CEE Strategic Analysis UniCredit Press Conference EBRD Annual Meeting Zagreb, 14
Chart pack to council for cooperation on macroprudential policy
Chart pack to council for cooperation on macroprudential policy Contents List of charts... 3 Macro and macro-financial setting... 5 Swedish macroeconomic setting... 5 Foreign macroeconomic setting... Macro-financial
ATRIUM COMPANY PRESENTATION
ATRIUM COMPANY PRESENTATION THE LEADING OWNER & MANAGER OF CENTRAL EASTERN EUROPEAN SHOPPING CENTRES 1H2016 ATRIUM LEADING OWNER & MANAGER OF CEE SHOPPING CENTRES A UNIQUE INVESTMENT OPPORTUNITY Strong
Vienna Insurance Group is staying on course in the 1st quarter of 2011: Group premiums went up by 2.9 percent to more than EUR 2.
No. 12/2011 17 May 2011 Vienna Insurance Group is staying on course in the 1st quarter of 2011: Group premiums went up by 2.9 percent to more than EUR 2.6 billion Increase in profit (before taxes) by 7.0
Flash Eurobarometer N o 189a EU communication and the citizens. Analytical Report. Fieldwork: April 2008 Report: May 2008
Gallup Flash Eurobarometer N o 189a EU communication and the citizens Flash Eurobarometer European Commission Expectations of European citizens regarding the social reality in 20 years time Analytical
How much does it cost to make a payment?
How much does it cost to make a payment? Heiko Schmiedel European Central Bank Directorate General Payments & Market Infrastructure, Market Integration Division World Bank Global Payments Week 23 October
Economic Trends and Challenges
Economic Trends and Challenges in Central and Eastern Europe Christoph Rosenberg International Monetary Fund IMF Seminar for Journalists Vienna, August 28, 27 Note: These are the author s s own views,
1. Total Leaseurope Leasing Market 2009
Annual Survey 2009 1. Total Leaseurope Leasing Market 2009 New Production (Mio ) Outstandings (Mio ) 2009 2008 % 2009 2008 % AT Verband Österreichischer Leasing-Gesellschaften - VÖL 5.661,19 8.533,30-33,66%
EU BUDGET AND NATIONAL BUDGETS
DIRECTORATE GENERAL FOR INTERNAL POLICIES POLICY DEPARTMENT ON BUDGETARY AFFAIRS EU BUDGET AND NATIONAL BUDGETS 1999-2009 October 2010 INDEX Foreward 3 Table 1. EU and National budgets 1999-2009; EU-27
Standard Eurobarometer
Standard Eurobarometer 67 / Spring 2007 Standard Eurobarometer European Commission SPECIAL EUROBAROMETER EUROPEANS KNOWELEDGE ON ECONOMICAL INDICATORS 1 1 This preliminary analysis is done by Antonis PAPACOSTAS
Guidelines compliance table
Guidelines compliance table EBA/GL/2018/01 12 January 2018; Date of application 20 March 2018 Guidelines on uniform disclosures under Article 473a of Regulation (EU) No 575/2013 as regards the transitional
1. Total Leaseurope Leasing Market 2008
1. Total Leaseurope Leasing Market 2008 2008 2007 % 2008 2007 % AT Verband Österreichischer Leasing-Gesellschaften - VÖL 8.533,30 7.931,16 7,59% 25.100,06 23.507,15 6,78% BE Association Belge des Entreprises
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA IN 2018
THE ECONOMY AND THE BANKING SECTOR IN BULGARIA IN 2018 SOFIA HIGHLIGHTS In 2018 the Bulgarian economy recorded growth of 3,1% on an annual basis, driven by the private consumption and investments; The
Agenda. Background. The European Union standards for establishing poverty and inequality measures
Workshop on Computing and Analysing Poverty Measures Budapest, - December The European Union standards for establishing poverty and inequality measures Eva Menesi Senior statistician Living Standard, Employment-
Session 3 Wednesday 29 November 2017, 10:00-10:30. State of affairs on TSA compilation in Europe
DG GROW / UNWTO Workshop Measuring the economic impact of tourism in Europe: the Tourism Satellite Account (TSA) BREY Building, Brussels, Belgium, 29-30 November 2017 Session 3 Wednesday 29 November 2017,
STAT/14/64 23 April 2014
STAT/14/64 23 April 2014 Provision of deficit and debt data for 2013 - first notification Euro area and EU28 government deficit at 3.0% and 3.3% of GDP respectively Government debt at 92.6% and 87.1% In
FIRST REPORT COSTS AND PAST PERFORMANCE
FIRST REPORT COSTS AND PAST PERFORMANCE DECEMBER 2018 https://eiopa.europa.eu/ PDF ISBN 978-92-9473-131-9 ISSN 2599-8862 doi: 10.2854/480813 EI-AM-18-001-EN-N EIOPA, 2018 Reproduction is authorised provided
Vienna Insurance Group in 2010 in accordance with IFRS: Group premiums raised by 7.2 percent to EUR 8.6 billion
No. 08/2011 31 March 2011 Vienna Insurance Group in 2010 in accordance with IFRS: Group premiums raised by 7.2 percent to EUR 8.6 billion Profit (before taxes): clear increase by 15.1 percent to EUR 507.8
EU Market Situation for Poultry. Committee for the Common Organisation of the Agricultural Markets 22 March 2018
EU Market Situation for Poultry Committee for the Common Organisation of the Agricultural Markets 22 March 218 -.2% -.8% -1.1% -2.4% -2.9% -3.3% -4.2% -4.5% 5.1% 4.6% 4.5% 3.8% 3.3% 2.7% 2.4% 1.5% 1.1%
Communication on the future of the CAP
Communication on the future of the CAP The CAP towards 2020: meeting the food, natural resources and territorial challenges of the future Tassos Haniotis, Director Agricultural Policy Analysis and Perspectives
Guidelines compliance table
Guidelines compliance table ESMA/2016/675 4 October 2017 Guidelines on sound remuneration policies under the AIFMD (ESMA/2013/232) The following competent authities* intend to with ESMA Guidelines on sound
Riding the global growth wave. Richard Grieveson. Press conference, 13 March New wiiw forecast for Central, East and Southeast Europe,
Wiener Institut für Internationale Wirtschaftsvergleiche The Vienna Institute for International Economic Studies wiiw.ac.at Press conference, 13 March 2018 New wiiw forecast for Central, East and Southeast
Banking in the new normal Austria & CEE nonperforming. overview 2013
www.pwc.at Banking in the new normal Austria & CEE nonperforming assets overview 2013 Financial Services Publications September 2014 Foreword Dear reader, the CEE non-performing assets market is steadily
Guidelines compliance table
compliance table EBA/GL/2018/05 18 July 2018; Date of application 1 January 2019 on fraud reporting under the Payment Services Directive 2 (PSD2) The following competent authorities* or intend to with
Rates and Charges. Effective from 19 May 2017
Rates and Charges Effective from 19 May 2017 1 2 For full details of when and how interest is payable, please refer to your Account Specific Terms and Conditions. Sterling account interest rates - currently
Country Health Profiles
State of Health in the EU Country Health Profiles Brussels, November 2017 1 The Country Health Profiles 1. Highlights 2. Health status 3. Risk Factors 4. Health System (description) 5. Performance of Health
LEADER implementation update Leader/CLLD subgroup meeting Brussels, 21 April 2015
LEADER 2007-2013 implementation update Leader/CLLD subgroup meeting Brussels, 21 April 2015 #LeaderCLLD 2,416 2,416 8.9 Progress on LAG selection in the EU (2007-2013) 3 000 2 500 2 000 2 182 2 239 2 287
COMMISSION STAFF WORKING DOCUMENT Accompanying the document. Report form the Commission to the Council and the European Parliament
EUROPEAN COMMISSION Brussels, 4.5.2018 SWD(2018) 246 final PART 5/9 COMMISSION STAFF WORKING DOCUMENT Accompanying the document Report form the Commission to the Council and the European Parliament on