Romanian court rules: BCR to pay back EUR 13,000 illegal fees, interest to loan client
The Bucharest Court has decided the largest Romanian lender by assets BCR would have to pay back the amounts it cashed in illegally via a loan contract since 2006, as well as an interest on these amounts, according to Economica.net. The…
Romania Insider · Journalist
· Updated · 1 min read
The Bucharest Court has decided the largest Romanian lender by assets BCR would have to pay back the amounts it cashed in illegally via a loan contract since 2006, as well as an interest on these amounts, according to Economica.net. The court also decided to cancel fees, and replace the 10 percent interest rate set un-transparently by the bank, by one of 2.2 percent, tied to the Euribor. This is a first for Romania. Thus the bank would have to pay back some EUR 12,000 to the client, plus EUR 1,800 in illegal fees. The court order is final. Initially, another court, the Third District Court, had rejected the case, but the appeal court ruled for the plaintiff. editor@romania-insider.com
