MORTGAGE
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Bankers Sold Mortgage Loans Worth EUR100M In July
Sales of state secured loans sped up mortgage loan growth in July, with the volume of funding for buying a home climbing by the equivalent of EUR100 million last month.
Mortgage No Longer Required For Building Consolidation Projects
Romania's Government has eliminated the requirement of securing a mortgage on a building consolidated to withstand earthquakes, which the state used to ensure that owners will refund the cos...
Only Ten Mortgage Loans In Lei Granted Through “First Home 4”
The increase in the cost of euro funding and the decline in interests on the Bucharest monetary market have not persuaded Romanians to borrow in lei instead of euros, so bankers have managed...
BCR Ends Mortgage Promotion, Signals Time For More Expensive Loans
Banca Comerciala Romana (BCR), Romania’s largest bank by assets, has raised mortgage loan interest rates after a promotional campaign that lasted for one month and a half expired at the end...
BNR Plans To Cap Consumer Loan Maturity At 5 Years
Romanian banks may have to reduce the maturity of consumer loans to five years from 20 currently, while extending minimum guarantees to 133% of the loan’s value, according to a draft regulat...