At the end of September, the bank had a total RON681 million in assets, up 87% on the year. The value of deposits drawn doubled to some RON585 million, while the bank’s portfolio widened to 250,000 active contracts.
The savings-lending system was introduced in Romania in 2004, but penetration is much lower compared to other states in the region, such as Hungary, Croatia, Slovakia or the Czech Republic.
Romanian government offer bank customers a 25% bonus on their savings deposited in one of the two housing banks–Raiffeisen Banca pentru Locuinte and BCR Banca pentru Locuinte. (EUR1=RON4.353)