03.19.2021

Romania's government on Friday decided to allot RON1.5 billion for this year's state-guaranteed mortgage lending program, which allows homebuyers to buy homes of up to EUR140,000. more

11.02.2020

Romanian consumers took out almost 1.26 billion lei (EUR260 million) worth of new mortgage loans in lei in September, the second highest level in the first nine months of 2020, and 4% higher than in more

06.19.2020

New mortgage loans in Romania reached RON1.1 billion in April, 12% lower compared with March, as the country was in lockdown due to the coronavirus pandemic and banking activities unfolded mostly more

08.23.2019

Romania's finance ministry has drafted a bill changing the state-subsidized mortgage lending program to benefit families with or without children, capping the required monthly income and the home more

07.15.2019

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06.04.2019

Romania's government backed mortgage lending program for first time homebuyers will be changed as of late June under a draft emergency government decree published at the end of May. more

09.06.2016

Local banks expect the mortgage loan and consumer loan demand on the population segment to drop in the third quarter of 2016 compared with the previous quarters, according to a survey conducted by more

07.07.2016

Banks in Romania operate, on the mortgage lending segment, at a net profit margin of 2.26%, the lowest level in the region, said Sergiu Oprescu, president of Romanian Banking Association (ARB). more

05.26.2015

Any legislative act that will allow debtors to repay their loans with the mortgaged properties will totally inhibit lending, said Mugur Isarescu, governor of the Romanian central bank. more

04.20.2015

The number of home buying loans overshot the 300,000 mark, driven by the leu lending. The stock of leu-denominated mortgage loans tripled in one year to more than 10 billion lei (EUR2.3 billion). 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

06.25.2013

After extensive restructuring measures, Romania's largest lender Banca Comerciala Romana (BCR) is ready to restart lending to individuals, but only in lei, according to the bank’s strategic decision more

12.10.2012

ING Bank Romania will grant household mortgage loans only in lei as of January 1, 2013, due to the risk of taking a loan in foreign currency while people’s income is earned in local currency, the more

06.23.2011

Romanian lender BCR expects its mortgage loan portfolio will increase by 10%-15% this year compared to 2010, bank official Stefan Coroianu said Thursday. more

06.17.2011

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 regulation of more

06.14.2011

“First Home” state-guaranteed mortgage loans remain an option only for clients who cannot afford to pay a 10% or 15% down-payment on the value of the purchase, since there is almost no price more