The chairman of the Romanian Banking Association (ARB), Radu Gratian Ghetea, claims that loans on the retail banking segment would start picking up steam in the second half of the year, Money.ro reports. “Admittedly, they will no longer reach the 2006-2007, even early 2008, level, but, in my opinion, there will be signs of a growth. People will enjoy more stability as far as incomes are concerned. Furthermore, in Romania, the ratio of non-governmental loans out of total loans has not reached the levels reported in other European countries,” the chair of ARB argued. The latter added that his analysis also relied on the first signs of an emergence from the recession. “We are witnessing a reduction of interest rates on all types of loans, which entitles us to believe loans will start rising,” Valentin Lazea, the chief economist of the National Bank of Romania (BNR), stated, on Tuesday, during a seminar on credits.