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Bancila Diaconu si Asociatii Advises Revolut Bank on Launching Unsecured Personal Loan in Romania

Bancila Diaconu si Asociatii Advises Revolut Bank on Launching Unsecured Personal Loan in Romania

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EY-associated firm Bancila, Diaconu si Asociatii has advised the Revolut Bank on the launch of its first lending product in Romania.

According to Bancila, Diaconu si Asociatii, “Revolut, the super financial application that offers banking services to over two million customers in Romania, can grant, from August 2022, unsecured personal loans for a maximum amount of RON 125,000, in just a few minutes.”

"Since August 2022, the consumer credit, a responsible product offered by Revolut Bank, has become available for Romanian customers, who thus joined those from Lithuania, Poland, and Ireland," Revolut Romania General Manager Gabriela Simion commented. "Our objective remains to provide our customers with simple banking services, easy to use and understand, with transparent and competitive costs. We thank our partners who contributed to making this product available to our customers, and we are grateful to Revolut customers for their trust, materialized by the high interest shown in this product, since the first days after its launch on the local market."

Bancila, Diaconu si Asociatii’s team included Partners Radu Diaconu and Carmen Adamescu, Managing Associate Gabriela Neagu, and Manager Bogdan Picerea.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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