SVN Credit recruits a top banker and begins its expansion at a national level

Financial consultancy and mortgage lending company SVN Romania recruited a top banker from the local banking sector, Liviu Fierastrau, who will hold the position of managing partner within the company and will be responsible, among other things, for the national expansion.

Liviu joined SVN after a 25-year career in the Romanian banking sector, where he held, among others, the positions of executive director and sales coordinator within Bancpost and Alior Bank. At the same time, SVN Credit Romania opened another three regional offices, in Bucharest, Oradea and Targoviste, thus reaching a national network of five offices, along with the one opened recently in Timisoara.

”We registered in May a 29% annual increase in mortgage applications, mainly due to the offers of several banks that launched loans with fixed interest rates below 6% per year, which represents a very good signal for the local lending market. We passed the most difficult moment, without registering a major earthquake on the market, and the following months would bring new interest rates decreases. In the last five years we managed to build a team with top results in the brokerage of mortgage loans, exclusively serving some of the most representative residential projects from Bucharest, and now the time has come to develop at a national level, which has the potential to triple in the next 10 years”, stated Catalin Marin, managing partner SVN Romania | Credit & Financial Solutions.

A total of EUR 3.1 billion new loans were granted to the population in the first four months of 2023, according to the latest data from the National Bank, synthesized by SVN Romania, down 3.7% compared to the total loans granted in the first four months of 2022.

Mortgage loans represented 49% of the new loans granted to the population in the first nine months of 2023, or a total of EUR 1.5 billion, the balance of new mortgage loans being up 6.2% compared to the result recorded in the similar period of 2022.

”I accepted the challenge to be part of the SVN Credit Romania team with enthusiasm. We have the ambition and determination to achieve our goals, while maintaining a high level of involvement and professionalism. The lending market in Romania is below the European Union average, but the future growth cycle will bring important opportunities. We want to expand geographically and offer a wider range of services” stated Liviu Fierastrau, associate partner within SVN Romania | Credit & Financial Solutions.

SVN Credit Romania is the financial consultancy and mortgage lending company within SVN Romania, one of the most important real estate consultants active on the local market and the company with the most extensive activity on the residential market. SVN Romania | Credit & Financial Solutions brokered in 2022 the granting of mortgages that amounted to approximately EUR 75 million. Worldwide, SVN International Corp. has over 200 offices in eight countries and regions, with over 1,600 consultants and staff.