early repayment

The Romanian Government decided Wednesday to eliminate the early repayment fee on variable-rate loans, and banks will have 90 days to comply with the new rule, people close to the talks told MEDIAFAX.

Romania’s Government should transpose in national legislation a European directive banning bank fees foe early loan repayment by passing an emergency decree rather than a draft law, which takes longer to be adopted, Competition Council head Bogdan Chiritoiu said Thursday.