IMF recommends Romania to curb only forex consumer lending official.

By bne IntelliNews October 21, 2011
The IMF recommended to the Romanian central bank to enforce forex lending restrictions only for consumer loans [and not for mortgage loans], head of Romanian SME loan guaranteeing system Aurel Saramet announced, quoted by Mediafax. We recall that Romania's central bank is close to enforcing new, tighter retail lending regulations including among other restrictions on foreign currency lending aimed at curbing the exchange rate risks. Initially scheduled for enforcement in November, the new regulations will probably come into force as of December, bankers' association head Radu Ghetea commented earlier this week. Bankers reportedly convinced the central bank to moderate the regulations by, among others, focusing more on the consumer loans and to a lesser extent on the mortgage loans.

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