Emporiki Bank, member of the French Group Credit Agricole, offers the mortgage campaign gift to its clients, an LCD TV.rnrnThe Mortgage campaign, held between June 1 and July 9, 2010, provides to customers which had purchased a personal loan with mortgage or a mortgage loan, an LCD TV Philips gift, without a ballot. rnrnThe campaign regulation mentiones that customers who applied during the campaign and have loans approved and disbursed will receive the gift at the end of each month.rnrnTherefore Friday, July 30, 2010 Emporiki Bank branches invites its customers to take possession of the gift.rnrnOn this occasion Mr. Benoit Sarraute, Deputy General Manager of Emporiki Bank – Romania, state that: „All around us in the society customers are expected to pay for everything. We thought it is time for them to have something in return. Emporiki Bank offered to its customers through the Mortgage campaign, which finality we celebrate these days with these awards, beside the benefits of our competitive mortgage products a solid relationship based on trust and safety to build on their future financial needs.rnrnThe list of this month customers who will receive the gift, LCD TV, is announced on the website of Emporiki Bank, www.emporiki.ro.rnrnCrédit Agricole Group is the retail bank leader in France and one of the largest banking groups in the world with 160,000 employees, 59 million customers and 11,500 branches in 70 countries Crédit Agricole Group occupies third position in Europe and eighth worldwide location based on the core capital ratio (Tier 1). Since August 2006, Crédit Agricole Group is the main shareholder of Greek bank Emporiki Bank, currently holding 82.48% of its capital. rnrnEmporiki Bank Group, member of the French Group of Crédit Agricole, has 340 branches and 16 business centers throughout Greece, along with a growing branch network via its subsidiaries in Cyprus, Albania, Romania and Bulgaria. Via its wide branch network, which is being upgraded according to the high standards of a new, modern retail branch model, and having the significant know-how and support of its mother company, offers a wide range of innovative products and services covering the current saving, financing and investment needs of its customers in Greece and abroad, where both Emporiki and Crédit Agricole are present.rnrnEmporiki Bank Romania operating in Romania since 1996, headquartered in Bucharest. 99.54% of Emporiki Bank Romania’s capital is held by Emporiki Group. The Bank operates through a network of 34 territorial units, as an integrated commercial bank and provides a wide range of banking services and products, such as cash loans, loans for purchase of housing, credit and debit cards , Internet banking, financing the short / medium / long both in RON and in international currency, daily transactions (current account transfers, cash transactions), savings and investments, business documentation, etc. treasury services. rn
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The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank
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NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii
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