20:08, 8.07.2008 Romanian Central Bank To Implement New Debt Ceiling Regulations

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BUCHAREST / 20:08, 8.

07.2008 Romanian banks will calculate the debt ceiling for loans granted to the population based on income less than 20% higher than the one stated with the fiscal authorities, in the previous year, and not only depending on the salary statement or other documents, as they currently do.Banks and non-banking financial institutions can consider income levels higher by more than 20% compared to the income stated for fiscal authorities in the previous year, but only after they...

Read the whole story in: Mediafax