Clients' lack of confidence in the economy, on the one hand, andthe low incomes and real estate uncertainties, on the other, arethe main hurdles in the way of loan sales picking up, maintainsRadu Topliceanu, a retail executive with Raiffeisen Bank.
He says the bank has the same loan application approval rate asbefore the crisis, with the monthly amount of granted loans now atthe level of 2006 and half the 2008 level.
"The problem is not approval, but demand," stated Topliceanu,41.
He maintains that at present Raiffeisen has almost one millionretail loans in its portfolio, considering there are less than 8million loans underway on the entire market.
"We're ending the year (2010 i.e.) with 330m euros in retail loansales. It's a good output". The stronger trend of sales in the lastmonths of the year gives him reason for moderate optimism.
"We'll see the volume go up, but at a one-digit rate," the bankersays.
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