Piraeus Bank Romania launches the mortgage loan in lei with a fixed interest rate of 5.65% in the first five years and is entering into a highly competitive segment dominated by renowned players.
The low interest rate places the new product in the Top 4 offers available on the local market.
The offer includes a strong loyalty component. For the Piraeus Bank Romania customers which receive their income in the bank’s accounts, the interest rate is 5.65% and the minimum required advance is only 15%.
The mortgage loan is granted for a period of up to 30 years and is intended for the purchase, construction of real estate, or refinancing of other real estate investment loans. The amount of the loan granted varies between the equivalent in RON of 5,000 and 250,000 Euro respectively.
Mădălina Otilia Teodorescu, Vice President of Piraeus Bank Romania
"Piraeus Bank Romania's offer responds to current consumer needs of Romanian banking products, namely predictability and low loan costs. This new product is our solution to the signals received from them. Supported by a powerful investor, J.C. Flowers & Co., we aim to offer our customers products and services that help them complete their plans, with more confidence and less worries."
The full offer and description of all the conditions for granting the loan for real estate investment are available on www.piraeusbank.ro .
About Piraeus Bank Romania
Based in Bucharest, Piraeus Bank Romania provides a broad range of products and services for both domestic and international clients, including retail, SME and corporate banking services.
PBR operates 100 branches, employs 1200 professionals and has approximately 150,000 active clients. For more information, please visit www.piraeusbank.ro.
About J.C. Flowers
J.C. Flowers is a leader in private equity investment services specializing in global investments in the financial industry. Founded in 1998, J.C. Flowers has invested more than $15 billion in 53 portfolio companies across 18 countries, in many sub-sectors of the financial services industry: banking, insurance, reinsurance, specialized financial services and asset management services. Managing assets worth approximately $6 billion, J.C. Flowers has offices in New York and London. For more information, please visit www.jcfco.com.
Bucharest, July 26, 2018