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Monday, April 11, 2005
Business in Romania blog
Finally, it happens. The interest rates for LEI credits are going down.

BRD was one of the first banks to announce this. They dropped the interest rate for credits with fix interest rates down to 15% from 22% as they were before. In the same time, the maximum credit has been raised to about 10.000 EUR.

BCR, ABN Amro and Tiriac Bank took similar measures about one month ago, reducing their interest rates as well. Tiriac Bank has 16% interest rate for METRO credits while ABN Amro reduced it to 13,5%.

This trend follows the NBR reduction in interest rates, a couple of months ago. The reference interest rate showed by NBR is 8,45% for April, dropping from 10,75% in March, 15,69% in February and 17,31% in January.

In the same time, it would be very interesting for students and unemployed persons to look for the ANOFM credit opportunity, that allows you to take a credit in LEI with an interest reate of only 2,1% per year. This credit is mostly available in regions with a high unemployement rate, such as Mehedinti, Hunedoara, Brasov, Vaslui, Olt, Teleorman and others.

More details about this HERE and HERE (both in Romanian).

Posted by Mihai Botea : 4/11/2005 10:16:00 am Interest rates are going down
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