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CIB Bank stops using agents for home loans

CIB Bank will stop using agents to bring the bank home loans because of a change in strategy, retail division head Judit Lamboy said.

While the number of borrowers with home loans who were more than 90 days behind on repayments doubled last year, the percentage was much higher among borrowers who were brought to the bank by agents, Lamboy explained.

CIB Bank has started offering a three-year fixed-interest home loan. The annual percentage rate for the loan is 7.7%. (MTI – Econews)