While the number of fees bankers can levy has been capped, it'sstill up to them to decide on the calculation method and value.Will competition have its say?
The levy of a percentage fee from the loan value upon the loanrelease makes banks tax clients differently depending on theborrowed sum though the processing work volume has nothing to dowith the funding value.
Banks have fallen into line with ordinance 50 requirements,stipulating the levy of a single fee upon loan release, called afile analysis fee, but have kept their calculation formula, as apercentage of the borrowed sum, as regulations do not touch uponthis aspect.
"The release fee calculated as a percentage of the borrowed sum isa worldwide practice. This is clearly not about the work volume,but it's a line of revenue for the bank", says Anca Bidian, generalmanager of Kiwi Finance, the biggest loan brokerdomestically.
Bidian says, though, that over the past month several banks havecome up with promotional offers waiving this fee, in a bid toattract clients from rivals.
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