05.12.2016

UniCredit Bank has decided to raise the down payment required on mortgage loans in lei and euros to 25%, as of May 16, 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

04.28.2016

The leu-denominated loans granted to consumers to buy homes have doubled to 21 billion lei (EUR4.7 billion) in the past year (March 2015 to March 2016), while foreign currency loans dropped by RON3 more

03.02.2016

ING Bank has only enforced 20 mortgage guarantees so far, after 3 years and a half of talks with the clients, trying to find solutions, ING CEO, Michal Szczurek, stated Wednesday. more

02.12.2016

Romanian lender Bancpost has raised the down payment it requires on mortgage loans to 33% for loans in lei and 43% for loans in euros, citing the possible impact of the debt discharge law that is more

02.03.2016

The decision to raise the required down payment for mortgage loans was because of the impact we estimate the enforcement of the new mortgage lending law will have on the risk taken by our bank and if 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

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

01.29.2015

The halving of the interest rates and the halt of the crisis impact on home prices are driving up residential property transactions, with statistics indicating a rise in sales of leu mortgage loans more

01.09.2015

In an attempt to lure as many customers as possible banks are now offering mortgage loans with fixed interests for seven or ten years, thus taking the first step towards loans free of interest risk 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

07.28.2014

The stock of loans banks granted to those looking to buy a home stood at more than 5.9 billion lei (EUR1.34 billion) in mid this year, almost three times higher than in the year-ago period, according more

05.28.2014

The stock of leu loans banks granted to home buyers stood at more than 4.9 billion lei (EUR1.1 billion) at the end of April, up about half a billion lei on the previous month, according to central more

03.12.2014

Garanti Bank and Garanti Mortgage (Domenia Credit IFN SA) Wednesday announced that they started formal procedures for the merger of the two companies in Romania, which is expected to be completed by 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

08.13.2013

Romania’s government will increase funding for this year’s edition of the state-guaranteed First Home mortgage lending program by extra 200 million lei (EUR45.2 million) for the acquisitions of 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

07.29.2013

Romania’s Government will increase funding for this year’s edition of the state-guaranteed First Home mortgage lending program by 1 billion lei (EUR227 million), of which RON300 million will be more

07.18.2013

The number of real estate transactions in Romania increased 20% on the year to 323,419 in the first five months of 2013, while the number of new mortgages registered with national cadastre agency 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