02.22.2024

Victor Stinga, the interim CFO of Revolut, said the fintech wants to launch mortgages and savings accounts as a rising number of European clients, including Romanian ones, are starting to see Revolut more

07.23.2020

The revamped version of Romania's subsidized mortgage lending program, pending government approval, doubles the loan cap for newly-built housing to EUR140,000 and triples the required down payment more

05.19.2020

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07.26.2019

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01.27.2017

The market of mortgage loans in lei has been on the rise for nearly two years and will further grow, all the more so as the value of an average loan increase by nearly 5-7% in 2016 and reached nearly more

10.31.2016

Banks in Romania registered mortgage loans of RON26.8 billion (EUR6 billion) in their balance sheets at the end of September 2016, higher by RON600 million compared with the previous month and by more

08.03.2016

Piraeus Bank has decided to cut the down payment required on mortgage loans in lei to 20%, after it was increased to over 40% in May due to implementation of the law on debt discharge. more

07.27.2016

Romanian currency-denominated loans granted to consumers to buy homes totaled RON1.1 billion (EUR247 million) in June 2016, and the balance of mortgage loans reached RON24.4 billion, central bank data more

06.27.2016

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 average size of more

05.24.2016

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 currency more

05.16.2016

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. more

05.11.2016

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. more

05.09.2016

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 retail more

05.05.2016

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 debt more

04.15.2015

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. more

09.10.2014

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 more

08.29.2014

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, according more

10.17.2013

Mortgage loans in lei granted by ING Bank have reached 15% of overall mortgage lending nine months after the bank’s strategic decision to no longer sell retail loans in euros. more

08.01.2013

“First home” mortgage loans, which will be granted only in lei according to the latest changes to the state-guaranteed mortgage lending program, could go up by an average 8%, considering the new more

07.30.2013

Romanian mortgage lenders are likely to extend more loans in local currency as the central bank’s pressure increases and the new regulations for the government-subsidized tax credit program are more

01.04.2013

Almost 16,000 Romanians bought a house or an apartment on credit last year, but only one in ten chose a loan in Romanian lei. more

10.17.2012

Romanian top lender Banca Comerciala Romana (BCR) will target its mortgage lending at borrowers in domestic currency to protect them against currency exchange risks, the bank said Wednesday. more

07.19.2012

How much would Mark Zuckerberg have paid, had he taken out a loan in Romania? Twice as much as he is due to pay for his loan in the US. more

04.06.2012

The mortgage lending growth pace in February was half the monthly average of 2011, because not even government-secured loans are drawing customers to banks. more

03.19.2012

The number of mortgage loans rose by only 2,000 accounts in January and February, a four times slower pace than in early 2011, considering bankers are only selling “First Home” scheme loans now. more