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OTP Bank Romania announces it will finance credit applications for the purchase of housing through the Noua Casa Program (New House), as one of the participating banks in this year’s edition of the program, for which the Ministry of Finance has prepared a 1.5 billion RON guarantee ceiling. OTP Bank grants loans for the purchase of housing through the Noua CasÄ program with the same interest rate as last year, respectively the fixed margin of 2% to which IRCC (Reference Index for Consumer Loans) is added. This type of loan has no analysis or administration commissions or fees, as the only commission is due to be paid to FNGCIMM (National Credit Guarantee Fund for SMEs) for the management of the guarantee granted by the state. This fee was reduced to 0.3% in 2021. ....
The increase in non-performing loans - one of the risks of the banking system this year Recorded by Emilia Olescu (TRANSLATED BY COSMIN GHIDOVEANU) • (Interview with Gabriela Folcuţ, Executive Director of the Romanian Banking Association) An increase in the volume of non-performing loans is one of this year s risks for the banking system, Gabriela Folcuţ, Executive Director of the Romanian Banking Association (ARB) told us. The Balance of Non-Governmental credit evolved by 5.5% in 2020, as the economy contracted by 5.2%, according to estimates. Thus, paradoxically, we could also witness an increase in the degree of financial intermediation, up from 25%. . In 2021, lending is expected to record a growth rate at least equal to that of 2020, but this sector is also affected by uncertainties related to the evolution of pandemic. One of the identified risks is that of an increase in of non-performing loan ratio. ....