Italo-Romena caters to workers abroad

The Romanians going abroad to work have finally drawn the attention of commercial banks, after having had trouble getting a loan in the country for a long time. Italo-Romena, a small bank held by Italian group Veneto Banca announced that by the end of the year it would introduce housing and home refurbishment loans in Romania based on the incomes made by the Romanians that are working in Italy. The institution”s plan is part of the broader and broader supply of products and services that are taking into account the business potential of this massive social phenomenon that is the temporary migration abroad for work purposes. For instance, this includes money transfer services, passenger and commodity carrier companies and sites like emag.ro, emania.ro and dol.ro where those living abroad can pay for home appliances, books, CDs and various other products that are then supplied to their families back home. The bank”s officials put this niche at about half a million clients, namely all those Romanians legally working in Italy. ZF