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April 12, 2021

BCR has RON 177 M at disposal for ‘First House’ programme

Banca Comerciala Romana (BCR) has obtained the hiking of the guarantee cap related to the ‘First House’ programme, to RON 88.6 M, which allows the bank to offer RON 177 M in loans, according to a bank communique.

“The cap allocated to Banca Comerciala Romana will be used to solve primarily the existing requests that have been approved from both the financial and guarantee standpoint. The guarantee requests and the case files pending, which do not have a final approval, will continue to follow the process until the complete depletion of the existing ceiling. Banca Comerciala Romana will continue to offer dedicated assistance to all clients interested in accessing the ‘First House’ programme or a mortgage loan. The bank will offer the relevant institutions (guarantee funds, ministries etc.) concrete data and information about the clients’ real housing needs,” the communique reads.

Ever since the start of 2016, the number of requests for the ‘First House’ programme has grown by 350 percent quarter-on-quarter, so that the hiking of the cap will only cover 1,000 requests for the guaranteeing of loans approved by BCR.

BCR has so far offered around 51,000 loans through the First House Programme, worth over RON 8.5 bln.

Banca Comerciala Romana (BCR), member of Erste Group, offers a full range of financial products and services through a network of 22 business centres and 23 mobile offices for corporate clients and 510 retail units located in most of the Romanian cities with a population higher than 10,000.

BCR is leader on the Romanian bank transactions market, BCR clients having at their disposal the largest nationwide network of ATMs (over 2,000 terminals) and POSs (over 13,500 terminals), as well as full Internet Banking, Mobile Banking, Phone Banking and E-commerce services.

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