The Romanian Commercial Bank (BCR), the country’s largest bank by assets, may open a unit focusing on housing loans under the bank’s strategy to develop its retail business, a release reads, according to Newsin.

HVB Banca pentru Locuinte and Raiffeisen Banca pentru Locuinte are currently offering such loans on the Romanian banking market.

BCR is also currently focusing on opening a unit that will administer mandatory private pensions funds (Pillar 2) and is waiting for the approval of the Private Pension System Supervision Commission (CSSPP) approval. The bank has also opened a customer complaint department.

BCR is a member of the Austrian based Erste Group and owns assets totaling 14.6 billion euros. Net consolidated profit of BCR reached an all-time high of 756.3 million lei (214.5 million euros) last year. Net revenues from interests in 2006 rose 20 percent from the previous year from 1.4 billion lei in 2005 to 1.68 billion lei last year.