Millennium Bank’s First House loans limit, raised to EUR 25 million
BANCA MILLENNIUM S.A. - 26 October 2009
The National Guarantee Fund of SME Loans has raised the limit granted to Millennium Bank for First House loans to EUR 25 million, from EUR 20.8 million.
"Millennium Bank's offer for First House loans is successful, reason for which we applied and were approved by the National Guarantee Fund a higher limit for finance granting", said Eliza Erhan, Head of Retail Product Development at Millennium Bank. "The applications for First House loans that we received up to now already amount EUR 14 million", Eliza Erhan added.
Millennium Bank started granting First House loans in August. The only cost charged by Millennium Bank for First House loan is the variable interest rate, calculated as three-month Euribor plus a 4% margin. The clients benefit from zero analysis and arrangement fee and the cost of the real estate evaluation is covered by the bank.
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Millennium Bank, part of the leading financial private group in Portugal, Millennium bcp, started its activity on the Romanian market on October 11, 2007, by simultaneously opening 39 branches in Bucharest and in other eight cities of the country. Now, Millennium Bank has 74 units throughout Romania, addressing individuals and companies, by an extensive range of products.
Millennium bcp is a success story in European banking. Founded in 1985, Millennium bcp registered, at the end of June 2009, total assets of EUR 93.786 billion. Millennium is Portugal's leading private financial group and one of the top 100 in the world, and is listed on more than 40 national and international stock market indices with emphasis on the Euronext PSI Financial Services, PSI-20, DJ Eurostoxx banks, Bebanks, and Euronext 100, of the Lisbon, Paris, Brussels and Amsterdam Stock Exchanges.
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BCR – EUR 300 mn loans under the Program “First House 4” 
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