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Romanian Commercial Bank issues new 7 percent-interest credit

Luni, 13 februarie 2006, 0:00

The Romanian Commercial Bank – BCR has issued a new type of hard currency credit for real estate operations with a fixed interests for the first years of reimbursement.

The bank sets a 7% fixed interest for the first year or 8% for the first two years for credits in euro and interests of 8 to 9% respectively for credits in US dollars.

The move comes as the Romanian real estate market has become one of the fastest moving economic sectors over the last couple of years, supported by an increasing number of banking services.

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