Banks keep clients captive with high interest loans, businesspeople say

Banks keep clients captive with high interest loans, businesspeople say

Banks keep clients captive with high interest loans, businesspeople say
Local Romania Business News In English

The four million clients with outstanding loans are held captive with the high early repayment fees and thus forced to pay very high interests, which banks used to cover their own costs and offset the loses from bad loans sold in the past. This is the conclusion reached by the four businessmen invited to the ZF Expert debate, which was not attended by precisely those involved - bankers and regulatory authorities. Source: ZF - ZF English