AVBS Broker de Credite, one of Romania’s leading credit brokerage firms, has announced a significant growth in its mortgage loan portfolio, with a total of €32 million granted in the first six months of 2024. This marks a 60% increase compared to the same period in 2023, when the company facilitated €20 million in mortgage loans.

In the first half of 2024, AVBS Broker de Credite facilitated 408 mortgage loans, compared to 313 in the previous year. The company also saw a notable rise in personal loans, granting 607 loans totaling €6 million, up from 391 loans totaling €4 million in 2023.

Despite the surge in lending, AVBS Broker de Credite maintained an impressive performance, with non-performing loans making up less than 1% of its portfolio. This achievement is attributed to the company’s rigorous client screening process, ensuring that borrowers are likely to meet their repayment obligations.

According to Valentin Anghel, owner of AVBS Broker de Credite, “The increase in mortgage loans is a positive sign of confidence in both the real estate market and the broader economy. The average mortgage loan facilitated this year has risen from €63,000 to €78,000, reflecting a strong investment climate despite stable property prices.”

AVBS Broker de Credite, established in 2007, continues to be a dominant player in Romania’s credit brokerage market, offering its services nationwide through a robust franchise model.

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