BCR Banca pt Locuinte reports four times more deposits in the past year

BCR Banca pt Locuinte (BpL) has reported a four times increase in the number of deposits over the past year, and 170,000 saving and crediting contracts closed in the first two years since the start of operations. The contractual value of the 170,000 contracts is of RON 5 billion. The type of housing investments that can be covered with credits by BCR BpL are related to modernizing, expanding, buying a house, a home or a land, refinancing housing credits or down payments for housing related credits. BCR BpL was launched in July 2008. The bank is 80 percent owned by BCR Romania and 20 percent by S Bausparkasse der oesterreichischen Sparkassen, the saving – crediting bank of the Erste group in Austria.