It is more and more difficult for banks to gain access to funds from abroad and, in order to back loans, lending institutions need deposits, insofar as European institutions require a healthy ratio between loans and deposits, Rasvan Radu, executive chairman of UniCredit Tiriac Bank, stated, quoted by Mediafax. Furthermore, he argued, European and local regulators are keeping a close watch on whether banks manage to maintain a balance between deposits drawn and loans granted. When asked whether this may lead to a hike in interests on deposits in the near future, the UniCredit official argued this trend could already be seen and would continue in the foreseeable future.
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