Mortgage loan market sees growth

Figures confirm the potential of the mortgage loan market, which had been estimated as early as last year. The volume of mortgage loans granted by the banks in Romania is expected to climb to $400m by yearend and amount to $1.2bn by the end of 2006, according to a survey conducted by consultancy company Deloitte, quoted in a report drafted by the National Bank of Romania (NBR). At the end of last year, the total balance of the mortgage loans revolved around $90-100 million, which shows that the market has quadrupled this year. This is the strongest growth pace of a banking sub-segment, comparable only to the surge of the cards’ market. ZF