BCR offers lower interest margins to settle with clients - financiare.ro
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News » April, 2011 » 18 April 2011

BCR offers lower interest margins to settle with clients
18.04.2011, 23:42 | Finance-Banks | 1170 views



BCR, the biggest bank on the market, is currently in talks to settle lawsuits with individual clients on lending contracts now on the docket, proposing the modification of the interest clause by applying some smaller margins, for instance of 5.5% over six-month Euribor, depending on several criteria.

Moreover, if the borrower agrees to the "Additional amicable settlement document", the bank will no longer demand trial expenses generated by suits on the docket until the document was signed or currently on the docket. "We're in talks to settle lawsuits with clients and continue business relationships with advantages for both sides. The bank will not demand any trial expenses in case transmitted offers are accepted," state BCR representatives.

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