Banca Romaneasca, the local branch of the Greek financial group National Bank of Greece (NBG) is preparing to test the lending market again, after it had so far had restrictive client selection conditions this year. „In 2010 we want a controlled and prudent growth. On the retail loan segment, we will focus in particular on mortgage-backed loans, we are already in the process of revising lending conditions, which are quite restrictive at present,” says Crina Cosma, interim general manager of the bank.In the case of non-secured loans, the bank will go for shorter repayment periods and will require clients to declare the purpose of using the funds, dropping the personal loans model. „Lately the lending market has started to budge. There is, however, a more cautious approach on this segment, both from us and from our clients.” „We continue corporate lending, on segments less affected by the crisis and with future prospects, such as energy, utilities and production. Less so in the real estate sector,” says Cosma, who has over a decade’s experience in corporate banking.
Related posts
-
Transylvania Today: Bucharest has one third of Romania’s university graduates
Most graduates of higher education institutions in Romania live in Bucharest (33 percent), Cluj-Napoca (11 percent),... -
Transylvania Today: Ikea prepares expansion on Romanian market
This is the best time for Ikea’s expansion in Romania, Ikea Group CEO Jesper Brodin said,... -
Transylvania Today: Romania could fall into recession following the electoral cycle
Romanian economy could fall into recession at the beginning of 2021, following the electoral cycle, due...