The company has already granted loans totally worth EUR90 million on Romania’s market since August 2022 and the amount of sight deposits, made up of the savings accounts of the over 2.8 million users of the app, has reached EUR550 million, said Gabriela Simion, general manager of Revolut Branch for Romania & Italy.
“We want to have a local branch, meaning a local bank. This is a passporting of the Lithuania bank in Romania,” added Gabriela Simion.
As regards interest rates and lending policy, she maintains Revolut strategy is based on clients’ risk level.
As regards Revolut plans, Gabriela Simion also said that in the second half of 2023 it will launch loan refinancing services. Thus, Revolut will pave the way for entering the local market in the first quarter of 2024.
(English version by Catalina Apostoiu)