BCR: Mortgage Loans Demand Doubled After Recent Down Payment Cut

10.03.2016 By Gabriela Stan

Romania's largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), hiked the down payment required on mortgage loans after the implementation of the debt discharge law, but it subsequently cut it, which led to the doubling of the demand in certain cities, according to Dana Demetrian, BCR Retail & Private Banking vice-president.

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Keywords:
BCR
, MORTGAGE LOAN
, DIRECTIVE