Banca Românească decreases the interest rates for mortgage loans in foreign currency with up to 1,67 percentage points

As a result of these adjustments, the interest rates for mortgage and house loans in EUR, USD, CHF and JPY decrease, while the interest rate for Lei loans is increased. The loans in lei represent less than 5% of the bank's current mortgage loans portfolio.

The new interest rates are applicable beginning with 25.03.2009 and they apply both to the loans in portfolio and to the ones to be contracted after this date.

Thus, the reference rates to be used in the calculation of the variable interest rates are:

• for mortgage loans in Euro, showing a decrease with 1,6790 percentage points, namely 1,65%;
• for mortgage loans in USD, showing a decrease with 0,5622 percentage points, namely 1,3088%;
• for mortgage loans in CHF, showing a decrease with 0,4117 percentage points, namely 0,4050%;
• for mortgage loans in JPY, showing a decrease with 0,3266 percentage points, namely 0,6188%;
• for mortgage loans in RON, showing an increase with 2,5500 percentage points, namely 15, 35%.

In the calculation of the variable interest rates there are included, besides the previously mentioned rates, the fixed contractual margins, specific to each credit product.

"The new interest rates applied by Banca Romaneasca bring a benefit to our clients, who reduce their reimbursement effort with up to 20%. Because we are talking about mortgage loans with significant values, the impact due to the decrease in the applied reference rates will be considerable, in some cases substantially counterbalancing the evolutions of the exchange rates", stated Lakis Couninis, Executive Director Retail & Network Divisions within Banca Romaneasca. Banca Romaneasca will continue updating the interest rates for the mortgage loans in accordance with the evolution of the reference rates, namely EURIBOR, LIBOR and ROBOR.

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