23 C
Bucharest
August 8, 2022
BUSINESS

Fitch: Romania has the lowest financial intermediation rate across region

Romania has the lowest financial intermediation rate out of 12 states in Central and Eastern Europe (CEE), with a 40 pc-ratio of gross loans out of GDP at the end of last year, according to a report by the rating agency Fitch, quoted by Mediafax. Rates similar to Romania’s were reported by Slovakia (49.5 pc – ranking 11th), Turkey (50.2 pc – no.10), Poland (55.4 pc – no.9) and Bulgaria (57.8 pc-no.8), while Hungary (155.8 pc), Lithuania (147.9 pc) and Latvia (129 pc) claim the top three positions, based on figures reported in December 2010. The ratio of deposits out of GDP in Romania is, also, the lowest in the region, at 33.9 pc.

Related posts

Isarescu regrets he wasn’t consulted over tax increase

Nine O' Clock

MOCAPP allocates 500,000 euros for the L!NK application and enters the UK market

NINE O'CLOCK

BCR anticipates frail economic upturn in 2011 – 1.2 pc

Nine O' Clock