Banca Romaneasca: bad loans low due to mortgage focus
March 2010 - From the Print Edition
Banca Romaneasca, part of the National Bank of Greece, registered a low number of non-performing loans last year, due to the fact that 70 per cent of its retail banking portfolio is in housing loans and mortgages, which are less risky products than personal loans.
The bank will continue to focus on this sector in 2010. In 2009 the company launched a favourable housing loan for customers who want to buy a dwelling in one of the newly built residential complexes financed by the bank. The firm...
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