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May 17, 2021

BNR: Banking litigation settlement centre could be operational as of January 2016

The Centre for Alternative Settlement of Banking Litigation (SAL Centre) could be operational as of January 2016, the head of the Legislative Department of the National Bank of Romania (BNR, the central bank) Alexandru Paunescu told a Friday’s specialist conference.

“Our goal is that this center become operational in early January next year. (…) We are working on dispute settlement procedures. It is a delicate work. It is about building an entity decided by the lawmaker. An entity that will settle banking-financial litigation alternatively is being built from scratch,” said Paunescu.

According to him, the entity will deal with settling the disputes between consumers and the financial companies that are supervised, monitored and regulated by the BNR, namely lending institutions and non-BANK financial companies.

The National Consumer Protection Authority (ANPC) published on Thursday the organization regulation of the SAL Centre.

The general management of the Centre will be ensured by a Coordination College to be made of five designated members, with ANPC, the Romanian Banking Association, the BNR and the consumer associations each having one representative, and the four then choosing the fifth member, independent.

The College members have a five-year term that can be renewed only once.

Non-government loan advances by 0.2pct to 214.33 billion lei in September

At end-September, non-government loans granted by credit institutions edged up 0.2 percent (0.0pct in real terms) from August to 214.33 billion lei, the National Bank of Romania (BNR, the central bank) announced on Friday.

Leu-denominated loans climbed by 2.2pct (1.9pct in real terms), whereas foreign currency-denominated loans fell by 1.7pct when expressed in lei and by 1.4 percent when expressed in euros.

At end-September 2015, non-government loans inched up 0.6pct (2.4pct in real terms) year-on-year, as leu-denominated loans advanced by 16.8pct (18.8pct in real terms) and forex-denominated loans went down by 11.8pct expressed in lei and by 11.9pct in euros equivalent.

Government credit went up 1.2pct from August to 87.712 billion lei in September, or 7.8pct (9.7pct in real terms) year-on year.

Broad money (M3) stood at 263.747 billion lei at end-September, up 0.6pct (0.3pct in real terms) from August and 8.3pct (10.3pct in real terms) year-on-year.

Bank deposits advance 0.6pct in September

The bank deposits of non-government resident customers went up 0.6 percent from August to 232.581 billion lei million in September, the National Bank of Romania (BNR, the central bank) announced on Friday.

Leu-denominated household deposits edged up 0.2 percent to 87.871 billion lei in September, and 8.2pct (10.1pct in real terms) year-on-year.

Corporate deposits (of non-financial corporations and non-monetary financial institutions) in lei advanced 0.5pct from August and 8.2pct (10.1pct in real terms) year-on-year.

Forex-denominated deposits (household and corporate) went up 1.1pct from August to 80.328 billion lei in September; in euros equivalent, these deposits advanced by 1.5pct to 18.187 billion euros. Year-on-year, the evolution was 5.9pct up in lei equivalent) or 5.8pct in euros equivalent.

Households’ foreign exchange deposits grew by 6.3pct when expressed in lei, or by 6.2pct when expressed in euros, to the equivalent of 533.303 billion lei; the similar figures for corporate forex deposits were 5.2pct and 5.1pct, to the equivalent of 27.05 billion lei.

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