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Protective Guarantees And Other Requirements To Strengthen Development Of The Bank-Customer Contractual Relationship

Author

Listed:
  • MEDAR LUCIAN-ION

    (Constantin Brancusi University of Targu Jiu, Romania)

  • IRINA- ELENA CHIRTOC

    (Constantin Brancusi University of Targu Jiu, Romania)

Abstract

Contractual relationships between individuals and credit institutions are increasingly lower in the sphere of lending activity. Implementation of the new Civil Procedure Code starting with February, 2013, strengthened even more consumer protection which has disturbed some commercial banks. Trust between banks and customers is an essential requirement for developing banking businesses. As a result of occurrence of new legislation is necessary to know the main elements that strengthen bank-client contractual relationship.

Suggested Citation

  • Medar Lucian-Ion & Irina- Elena Chirtoc, 2013. "Protective Guarantees And Other Requirements To Strengthen Development Of The Bank-Customer Contractual Relationship," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 60-65, February.
    • Handle: RePEc:cbu:jrnlec:y:2013:v:1:p:60-65
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