Banca Comercială Română (BCR) reduces, starting this week, the interest for Casa Mea mortgage loans in RON.

Thus, for “Casa Mea” mortgage loans in RON with fixed interest for the first 5 years, the interest is reduced to 5.25%/year, and subsequently 4.62% (6M ROBOR + only 3.00%).

For “Casa Mea” mortgage loans in RON with fixed interest for the first 10 years, the interest is 5.95%/year. BCR reduces the variable interest margin to 3.00% from 3.95%, the final interest being 4.62% (6M ROBOR + only 3.00%).

The analysis commission charged by the bank is ZERO.

For the clients that do not have a salary/pension account opened with BCR the interest for the mortgage loans is only 0.2% higher.

p>“BCR now holds one fifth of the market share for the newly granted loans and we wish to consolidate this position. Because we want to protect our clients against interest risk for long periods of time, we are offering attractive fixed interest rates. We also understood that, considering the large payback time of the mortgage loans, of up to 30 years, our clients need predictability for as long a period as possible. This is why, at the beginning of the year, we introduced the 10-year fixed interest rate loan which is unique on the Romanian market. The effect is promising, as over 20% of the clients have chosen this option”, declared Dana Demetrian, Vice-President of Retail and Private Banking BCR.

BCR is the first Romanian bank to decide to grant loans, as of October 2012, only in the currency in which the clients obtain their income.

Example of calculation valid for March 2015 for clients who receive their salary in a BCR account, for a Casa Mea loan of RON 160,000, on a 30-year term: EIR = 5.64%; 10-year fixed interest 5.95% variable thereafter: 4.62%/year (6M ROBOR + 3%); analysis commission ZERO; apartment valuation cost: RON 370; total paid amount: RON 319,983.62, total cost of the loan: RON 159,983.62.

Banca Comercială Română (BCR), a member of Erste Group, is the most important financial group in Romania, providing universal banking operations (retail, corporate & investment banking, treasury and capital markets), and covering specialty companies working on the leasing market, private pensions and housing banks. BCR is Romania’s No. 1 bank in terms of asset value (14,4 €bn.), in terms of client base and in terms of savings and crediting. BCR is also Romania’s most important financial brand, judging by the client trust rate and by the number of persons who consider that BCR is their main banking partner.

BCR uses a network of 22 corporate business centres and 23 mobile offices devoted to corporate clients, and 538 retails units located in most communities inhabited by at least 10,000 citizens to provide a full range of financial products and services. BCR is Romania’s No. 1 bank running on the banking transactions market, since BCR customers have the largest ATM network at their disposal – nearly 2,000 ATMs and 13,500 POS terminals enabling customers to use their cards for shopping purposes, as well as the complete Internet banking, mobile banking, phone-banking and e-commerce services.

Erste Group is one of the main suppliers of financial services in Eastern European Union. About 45,000 bank officers working in 2,800 branches in seven countries (Austria, the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia) assist 16.2 mn. customers. Erste Group reported a total asset pool worth €196,3 bn. and a 55.1% cost-to-income ratio at the end of 2014. The first-ranking common equity index (Basel 3 implemented partially) was 10.6%.

BCR – External Release 

Cezar Marin, e-mail: cezar.marin@bcr.ro

For details concerning BCR product and services, please use the following contact details: 

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