BCR consumer loans up 70 percent in first 5 months

Newsroom 03/06/2014 | 14:42

Romania’s largest bank Banca Comerciala Romana (BCR) granted over 65,000 consumer loans in the first five months of 2014,  up 70 percent year-on-year, writes Mediafax.

Overall, 50 percent of credits were personal loans, the rest representing credit cards and overdrafts. The average value of a personal increased by 30 percent.

“2014 is the year where we see the first signs of recovery for consumer loans. We are noticing more and more clients are choosing to move their loans from other banks to BCR”, according to Andrew Geber, director of retail products for BCR.

According to a study done by the bank, there is a change going on in the needs of customers that drive them to contract personal loans. For instance, they are more likely to buy highly-complex technical products (tablets, laptops, smartphones), to the detriment of traditional appliances.

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