Banca Comercial Romana (BCR) will restructure loans for its customers who can't keep up with paying their bills, mainly targeting the state budget employees, but including all customers who have seen decreasing revenues. These employees make up to 30 percent of the bank's customers. BCR will restructure for free the loans, offering to reduce by as much as 50 percent the monthly installments for a period of six months for those who have problems paying on time, due to decreasing revenues.

Employees need to show the bank a proof for the drop in revenues which prevents them from paying their loans on time. In order to restructure their loans, BCR customers need to go to one of the bank's units and talk to one of its consultants.

BCR is the largest bank on the Romanian market. It is owned by Austrian group Erste. BCR runs 668 retail units and has 3.5 million retail customers.

UPDATE: BCR has revised the information initially sent, saying the loan restructuring will not be made for free, but for a fee of EUR 30 if the customers  have due installments to pay, and of EUR 10 if the loan installments have been paid on time. The fees cover the administration expenses required to process the requests and the actual changes in the bank's IT system, BCR has said.