MORTGAGE LENDING
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New Mortgage Lending In Lei In Romania Hits 14-Year High In June 2021, At RON1.8B
Romanians contracted new mortgage loans in lei worth over RON1.8 billion in June 2021, double compared with June 2020, which translates into a monthly record high of new mortgage lending in lei over the last 14 years.
Mortgage Lending in Romania Declines 12% on Month in April
New mortgage loans in Romania reached RON1.1 billion in April, 12% lower compared with March, as the country was in lockdown due to the coronavirus pandemic and banking activities unfolded m...
Government Drafts Bill Changing Subsidized Mortgage Lending Program
Romania's finance ministry has drafted a bill changing the state-subsidized mortgage lending program to benefit families with or without children, capping the required monthly income and the...
Idea Bank Enters Mortgage Lending Segment
Idea Bank, specialized mostly in consumer lending, is diversifying its portfolio of products for natural persons by entering the mortgage lending segment in July.
Government Changes First Home Program, Introduces Fixed Interest on Mortgage Loans
Romania's government backed mortgage lending program for first time homebuyers will be changed as of late June under a draft emergency government decree published at the end of May.
ARB: Banks In Romania Operate At Lowest Profit Margins In The Region, On Mortgage Lending Segment
Banks in Romania operate, on the mortgage lending segment, at a net profit margin of 2.26%, the lowest level in the region, said Sergiu Oprescu, president of Romanian Banking Association (AR...
BCR Sees Mortgage Loans Up 10%-15% In 2011
Romanian lender BCR expects its mortgage loan portfolio will increase by 10%-15% this year compared to 2010, bank official Stefan Coroianu said Thursday.
“First Home” Remains An Option Only For Clients Who Cannot Afford A Higher Down Payment
“First Home” state-guaranteed mortgage loans remain an option only for clients who cannot afford to pay a 10% or 15% down-payment on the value of the purchase, since there is almost no price...