Quick Note on the REPO stand-off

Its time to be worried by the Romanian NPL rate

Non-performing loans have been increasing in Romania since 2009 at an alarming rate in my view. The current level of 17.34% is high by any standard.

NBR Governor spots the big oligopoly in the room, finally

As a skeptic and contrarian I am used to being ridiculed most of the time even though the reality more often than not rests closer to my views. Thus you can imagine my pleasant surprise when I read this title in the news today (in Romanian):

“Mugur Isarescu: Poor banking sector competition allows banks to transfer costs from internal inefficiency and poor risk management to clients”

Mugur Isarescu: Concurenta slaba permite bancilor sa transfere clientilor costurile provenite din organizarea ineficienta si evaluarea gresita a riscului ”

Old material until Sunday

I will not be writing until Sunday and I do not want you to suffer from blog withdrawal. In order for you to stay sharp and navigate through what it looks like a very volatile Friday I selected for you few articles from the start of this blog back in August this year: