Monday, December 11, 2006

Romania's Retail banking lending in Swiss Francs and Japan's Yen

 Raiffeisen is the newest bank to sell loans in CHF. OTP gave up CHF lending after "the tank was full" (thankls OTP for the beautiful nice prize I got from you) but they could'mt do it anymore- was too cheap for them. Now Raif is doin g it too, joining Banca Romaneasca (search my sfin.ro story on it) who does it on JPN Yen. ... Not a good time, xactly when the JPNese c. bank decided to raise the rate. Anyway a good deal for banks, who get back from exchanging FX. (some 3-5% in CHF currency, a bit less in JPN Yen)
read this guy's new story about it in
http://www.banknews.ro/stire/7651_creditele_exotice,_intre_avantaje_certe_si_riscuri_pe_masura.html

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