The bank’s decision to increase the down payment comes in the context in which large banks such as BRD, BCR and CEC to reduce down payments on mortgage loans.
Credit Agricole Romania had a market share of nearly 0.3% at the end of 2015. Greek bank Emporiki used to be owned by Credit Agricole, which had sold it in 2012, but kept the subsidiaries in the region, which were transferred under its own brand.
Credit Agricole Romania reported a loss of EUR4 million in 2015, the equivalent of nearly RON18 million, compared with a loss of RON40 million in 2014.