loans
205 articole · RSS
Clients start suing banks to have their costs cut
Several hundred clients of Volksbank met on Tuesday evening to launch a class action against the bank, asking for the elimination of some contract fees and clauses. BCR clients are also prep...
BCR becomes real estate broker to stimulate loan sales
BCR, the biggest bank on the Romanian market in terms of assets, has become a real estate agent and launched a portal with sale ads for apartments, houses, and plots of land taken over from...
Banks keep clients captive with high interest loans, businesspeople say
The four million clients with outstanding loans are held captive with the high early repayment fees and thus forced to pay very high interests, which banks used to cover their own costs and...
Romanians' only chance to get 4% interest on loans per year
Romanians could get unexpectedly low interests for loans granted in the past under the current market circumstances, following the enforcement of the Emergency Ordinance of June, which set n...
NBR: The law now forces banks to cut interests of old loans, hurting their revenues
The current version of Emergency Ordinance 50 of June 11, regulating consumer loans, forces banks to reduce the cost of current variable-interest loans by applying the margin set in the cont...
Bankers stop trying to stimulate lending
Whereas consumer spending continues to go down, RON loans with interest rates tied to ROBOR indices are about to become more expensive again, now that the three and six month-rates used for...
Gică Popescu: Banks boasting to be granting loans are just selling smoke
Former footballer Gică Popescu, who started his own business with the money he earned from football, maintains he plans to develop several real estate and tourism projects starting the end o...
Banks lend to each other at 2% a year, but won't lend money to the state at 7%
Banks grant each other loans in RON at interest rates of 2% a year these days, but paradoxically the state has not managed to borrow even a quarter of the planned 4.6 billion RON in June, al...
Bankers threaten with higher interests on new loans to offset costs of loans repaid early
Almost 8 million loan contracts will have to be amended by banks over the next three months to cap the early repayment fee to 1% of the amount to be repaid, and drop it completely in case of...