When banks need to include a 4% margin in the cost of a loanonly to cover administrative charges, from employees' salaries torents for offices and suppliers, the lack of efficiency is obvious,says Lucian Croitoru, NBR governor's adviser.
While bankers have repeatedly underscored their efforts to slashcosts, two years after the onset of the crisis branch networks andthe number of employees are only slightly down from the 2008 peaks,though monthly loan sales went back to 2006 levels.
Still, why do administrative charges have the biggest weight inthe interest rate of a loan, when most banks levy a monthly loan"management" fee among other things?
"There will always be justifications, accurate or not, forprices. Ultimately, the price reflects your attitude as supplier toclients, how much you want to sell. If banks were really motivatedto release loans, they would find ways to cut interest rates,"comments Radu Craciun, investment manager with Eureko Pensii.
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