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Bankers are quick to cut deposit interest rates after the NBR’s signal

February 6, 2010

Greek-held Alpha Bank and Banca Romaneasca (local subsidiary of the National Bank of Greece) were the first two banks to react to the signal sent on Tuesday by the NBR (National Bank of Romania) when it cut its key interest rate to 7% a year, by lowering interest rates on deposits, as well as on loans in RON.



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