Romexterra sees 1.6m-euro gross profit

Romexterra Bank in the first quarter of this year derived gross profit of nearly 1.6m euros, 18.6% higher on the corresponding period of last year. The banka??s total assets in the same period rose by almost 33%, to 6,815bn ROL (over 188m euros). Resources attracted by the bank amounted to 3,888bn ROL (107m euros). Romexterra plans to open seven branches, which will raise its number of units to 40. The bank has recently launched a mortgage-based credit, offering financing worth as much as 30,000 euros (or the equivalent in ROL or dollars), over a period ranging between 5 and 25 years. ROL-denominated loans carry a 14.5% variable interest per annum. Customers also enjoy a period of grace, of six months. The loan is granted to residents for the acquisition, construction or improvement of houses or for the acquisition of land with a view to building a house. ZF