Lending revival: BCR collects 75,000 consumer loan applications in 6 weeks - financiare.ro
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News » May, 2011 » 9 May 2011

Lending revival: BCR collects 75,000 consumer loan applications in 6 weeks
09.05.2011, 23:37 | Finance-Banks | 817 views

BCR, the biggest bank on the Romanian market, has seen daily applications for consumer loans double in the six weeks since launching a campaign to promote leu-denominated funding with a fixed 12.5 % a year interest rate and a maximum deadline of 10 years, to 2,000-2,500 applications, totalling around 75,000, says Dominic Bruynseels, the bank's CEO.

"We have been pleasantly surprised by the demand we have recorded for this product and we apologise to clients who have to wait for an answer longer than a day, as we promise in the advert. The BCR has been perceived in the past few years as being outside the consumer lending market, but now we want to show that we are ready to lend money through this type of products, as well."

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