News » January, 2011 » 28 January 2011
Raiffeisen: Demand still the problem with lending
28.01.2011, 00:08 | Finance-Banks | 796 views
Clients' lack of confidence in the economy, on the one hand, and the low incomes and real estate uncertainties, on the other, are the main hurdles in the way of loan sales picking up, maintains Radu Topliceanu, a retail executive with Raiffeisen Bank. He says the bank has the same loan application approval rate as before the crisis, with the monthly amount of granted loans now at the level of 2006 and half the 2008 level. "The problem is not approval, but demand," stated Topliceanu, 41. Read more on ZF.ro
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