MORTGAGE LOANS
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Banks Granted 5,000 Mortgage Loans Of RON1.3B In May 2016
Banks sold Romanian currency-denominated mortgage loans of RON1.3 billion in May 2016, compared with RON0.8 billion in the year-earlier period, which translates into 5,000 loans at an averag...
OTP Bank Raises Required Down Payment On Mortgage Loans
OTP Bank, a mid-sized player in the banking sector, controlled by Hungary’s largest financial group OTP, has decided to raise the down payment required on mortgage loans in lei and foreign c...
Banca Comerciala Carpatica Raises Required Down Payment On Mortgage Loans
Banca Comerciala Carpatica has decided to raise the down payment required on mortgage loans in lei from 15% to 28%, due to implementation of the law on debt discharge.
ING Bank Raises Required Down Payment On Mortgage Loans
ING Bank has raised the down payment required on mortgage loans in lei from 15% to 25%, two days after the implementation of the law on debt discharge.
BCR Raises Required Down Payment On Mortgage Loans To 35%
Lender BCR raised the down payment required on mortgage loans from 15% to 35% and cut the reimbursement period from 30 years to 25 years, on the backdrop of the new legislation allowing reta...
CEC Bank Raises Required Down Payment On Mortgage Loans To 30%
CEC Bank will raise the down payment it requires on mortgage loans to 30% as of May 9, for loans in lei and in foreign currency of up to EUR250,000, due to the implementation of the law on d...
Over Half Of First Home Loans, Granted By Two Banks
BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009.
Interest Rates For Mortgage Loans In Lei Slide To Nearly 5%
The average effective interest rate of Romanian currency-denominated mortgage loans hit an all-time low of 5.2% per year in July, half the level of three years ago, when banks sold only euro...
Lending In Lei Rose In July For The First Time In 5 Years
Romanian currency-denominated consumer loans in July registered the first annual increase in the past five years, reaching RON23.5 billion, 0.1% above the level of the same period of 2013, a...