Published

ING Bank loses over 300 million lei through ANPC's decision to recalculate the abusive interest rates of some loans given to consumers... this is what the “financial education” of some banks in Romania is like - Financial Week

Summary by Saptamana Financiara
ING Bank, forced by ANPC to recalculate interest on tens of thousands of loans. The bank accuses an impact of 346 million lei and 291,000 working hours The National Consumer Protection Authority is digging up the “dead” of OUG 50/2010 and believes that ING Bank Romania failed to properly implement the transparency of contract costs more than 14 years ago, forcing customers to pay two interest margins.
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