Commercial banks put pressure on Romanian Bauspar system

Romania has a penetration rate of the Bauspar-type saving-lending system of only 1.6 percent, because of the the commercial banks that put competitive pressure by giving mortgage loans, Raiffeisen Bausparkasse Managing Director Johann Ertl said on Thursday when meeting the representatives of the Romanian Home Banking Association. The association was founded in 2007 and its member are the two banks operating on the saving-lending market, namely Raiffeisen Home Saving Bank (RBL) and ...

Developed by Codecraftsman