"Defining corporate lending structures and the plan for sales through mortgages for individuals, from these early stages of the project, will allow developers to begin two or more projects simultaneously, through Raiffeisen Bank," said Bogdan Cretu, Manager of the Residential Real Estate Development Division.

The solution targets relatively small projects, of some €7 mln, and large complexes, worth over €200 mln.

Individuals can access a home loan guaranteed by the acquired home in the residential complex, and the bank will finance up to 75 percent of its value. The client can use the loan in two stages, one after the down payment is made and the second when he takes over the home. This loan's major advantage is the fact that it requires no other collateral except the mortgage.

So far, Raiffeisen Bank financed some 200,000 rentable squared meters and about 1,500 flats and new villas. Raiffeisen Bank has over 2 mln retail clients, of which 130,000 are small and medium-sized companies and more than 5,000 are large and medium-sized corporations.