Consumer finance makes up 15% of GDP - Azi

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The appetite for consumer loans puts Romania second in the region in terms of the share of this type of financing in last year"s GDP, but at the same time the country is a laggard in terms of its penetration rate of corporate lending, a survey by UniCredit group reveals.

With consumer lending accounting for almost 15% of GDP, the market of such loans taken out by Romanians exceeds those of the more developed countries in the region such as Turkey, Czech Republic and Poland. Moreover, corporate...

Read the whole story in: Ziarul Financiar