Talks about OUG 50 move from Internet to bank branches

The end of the 90-day deadline by which the stipulations of Ordinance 50, regulating consumer loan granting conditions, should have been enforced only brought more fiery clashes between dissatisfied clients and banks, which have pushed the signing of additional documents to the last minute.

Thus, as branches were really crowded at the end of last week, players such as RBS or Banca Transilvania exceptionally chose to keep their agencies open during the weekend.
Tensions are thus amplifying the conflict between disgruntled clients, who consider the ordinance also entitles them to lower loan costs, while bankers consider they should not modify the cost of loans with the modification of contracts.
Bankers again have a different interpretation of the ordinance compared with clients, considering the 90-day deadline refers to their obligation to send notifications to clients, and the documents can be signed at a later date. In the case of clients rejecting banks’ proposals, there’s no uniform approach, with bankers specifying only case-by-case discussions would be held.