BCR freezes collateral-free consumer loans in several branches - Azi

All news

Several branches of BCR, the largest bank on the market in terms of assets, have ceased to release collateral-free consumer loans to new customers in the wake of a "partially higher-than-expected" upsurge in overdue payments and fraud, said Bernhard Spalt, vice president of Erste Ban and chief risk officer.

"In some branches, we no longer grant collateral-free consumer loans to new customers, but only to people with a solid credit history with BCR. We"ve also tightened scoring grids for these...

Read the whole story in: Ziarul Financiar