BANCI | ENGLISH

OTP Bank Romania: 12.5% interest rate from the first cent for the RON savings account

Autor:

2008-12-16 10:43

OTP Bank Romania S.A., member of OTP Group, the largest independent financial group in CEE region, modifies the interest rates for saving account.rnrnStarting today, December 15, 2008, the clients of OTP Bank Romania, who chose to open a savings account or already have it, can place their money with higher interest at OTP Bank; they and also the existent clients, will benefit of an annual interest rate of 12.5% for RON and 5.25% for EUR. rnThe amount placed on savings account offered by OTP Bank Romania is graduated growth with daily interest, hence it provides higher benefits than the current account. Besides monthly free account maintenance, the owner of the savings account can withdraw money anytime without interest loss.rnrnThe advantages of the account:rnrn-free savings account opening and closurern- free account maintenancern- the interest rates are available from the first centrn- 0% income taxrn- the possibility to attach a MasterCard debit card to the account, which can be used for shopping all over the country and abroad, anywhere where MasterCard logo is displayed.rn- the banks clients, who have OTPdirekt contract, can open a savings account through the Contact Center, without the necessity to go to one of OTP Bank Romania branch officies.rn- the amounts placed in savings account is guaranteed up to 50 000 EUR, equivalent in RON for each account titular by the Deposit Guarantee Fund in the Banking System.rnrnFor more information regarding the products and services of OTP Bank Romania, as well as the operational units network, please visit www.otpbank.ro or contact us free at 0800 88 22 88 or at *OTPBANK (*6872265), charged normally from Vodafone and Orange mobile networks, from Monday to Friday, between 08.30 am and 17.30 pm.rn

Taguri:

Comentarii

Nu există comentarii pentru această știre.

Adauga un comentariu

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii