Romanian PM Calls For Banks’ Fast Response To Loan Requests

Romanian Prime Minister Emil Boc on Saturday said he will have talks with the banks’ representatives to ask them to hasten the deadline for responding to companies’ request for loans.

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Boc had a meeting with businesspeople in Bistrita-Nasaud, northern Romania, who complained about the delayed answers they get from banks concerning the loans they had requested.

“We need to have a discussion with banks and a deadline needs to be set for answering the loan requests filed by companies. Companies should be told if their request is approved, rejected or if they have to bring additional documents, and this needs to be done within a clear time-frame. It is unacceptable to allow banks treat the private sector the way they please,” Boc said.

The prime minister said he has nothing against banks, but thinks their clerks should act responsibly.

“(…) Waiting seven months to see whether the bank will grant the loan or not seems to me unacceptable,” Boc concluded.

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