NBR: So long, easy credit! - Azi

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The decline in the maximum value of a loan, a longer time to process a credit application brief, extra trips to the tax administrations and turning the local banks into brokers of parent banks for the retail market are some of the effects bankers anticipate in case the new NBR regulation draft to contain lending is enforced.

The central bank is trying to deal the deathblow to the loans that require only a valid ID by a Regulation draft that makes it mandatory for banks to require their clients...

Read the whole story in: Ziarul Financiar