BCR, the biggest bank on the market, is currently in talks tosettle lawsuits with individual clients on lending contracts now onthe docket, proposing the modification of the interest clause byapplying some smaller margins, for instance of 5.5% over six-monthEuribor, depending on several criteria. Moreover, if the borroweragrees to the "Additional amicable settlement document", the bankwill no longer demand trial expenses generated by suits on thedocket until the document was signed or currently on the docket."We're in talks to settle lawsuits with clients and continuebusiness relationships with advantages for both sides. The bankwill not demand any trial expenses in case transmitted offers areaccepted," state BCR representatives. Previously, in court, thebank had asked for trial expenses of 100,000 lei from a group ofclients. BCR officials specify the financial offers submitted toclients it is fighting in court differ depending on severalcriteria, including the type of released loan, currency or clientpayment record. On the other hand, clients accepting the offercommit not to disclose the terms of the additional document.
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