Provident has begun collaborating with ANAF. Customers will have faster access to credits through this collaboration

Bucharest, 4th of September, 2017. Provident customers will have faster access to credits, without proof of income, only by checking in the ANAF database. The company has begun working with the National Agency for Tax Administration to improve and accelerate credit granting processes. This collaboration is an integrated part of the company’s responsible lending policy and helps customers to facilitate access to our products and services.

Collaboration with ANAF will considerably reduce the waiting time between the time of requesting the credit and the moment when the requested amount is granted. Thus, customers who want to contract a loan from our product portfolio will be able to choose to be checked into the ANAF database instead of the income certificate. Consultation of the ANAF database will give us data that we will use in assessing the ability of each customer to pay weekly or monthly installments without suffering financial imbalance.

Since the beginning of our collaboration with ANAF, we have already had nearly 1,000 requests for verification in the agency’s database. In addition, the approval process was reduced from 24 hours to an average of several hours. ANAF database querying for each individual client will only be done after the customer signs the query agreement. In addition, in the process of assessing a client’s creditworthiness, we will continue to verify our clients and the Credit Bureau database.

“For us it is important that each credit agreement be a responsible decision, both on the part of our client and on our part. We want to make sure that we keep pace with the needs of our customers and that we manage to give them credit quickly but responsibly. Through this query in ANAF’s database, we come to the aid of our clients, especially if they find it difficult to obtain proof of income either because the employer is driving the process or because the release of the document takes too long”, Country Manager of Provident Financial Romania, Viktor Boczan said.

The pilot collaboration project with ANAF was launched on 27th of July 2017, in one of our operational area. As the results have been favorable, the testing has been extended to several areas and since 30th of August, customers in almost half of the country have now access to this benefit. The counties in which clients have the possibility to request the query in the ANAF database instead of the income certificate are: Arad, Bihor, Valcea, Dolj, Gorj, Salaj, Satu Mare, Cluj, Maramures, Arges, Teleorman, Olt, Mehedinti, Caraş Timis, Ilfov, Bucharest, Călăraşi, Giurgiu, Dâmboviţa, Prahova, Ialomiţa, Constanţa, Brăila, Tulcea. * The cooperation with ANAF will be further extended and by the end of October all Provident customers will have access to this option.

* Our business model makes that the sales representatives in some counties are be allocated administratively in other business units that are not currently part of the network where collaboration with ANAF has been implemented. Thus, in counties highlighted (bold) the query in the ANAF database is available only in some localities.


About Provident Financial Romania

Provident Financial Romania is part of the International Personal Finance Group (IPF), one of Europe’s leading home loan providers. The Group has 2.4 million customers in 9 European countries, as well as in Mexico and Australia. IPF is one of Britain’s biggest employers in Central and South Eastern Europe and one of the most powerful international companies listed on the London Stock Exchange.

Since 2006, Provident has invested more than 300 million euros in Romania and has contributed to the state budget with taxes worth almost 90 million euros. Starting 2016, the company has become the biggest British employer in Romania and one of the largest employers in our country with nearly 3,000 employees.

Provident develops and supports various social responsibility projects – financial education programs, youth talent development, support for disadvantaged groups – in which it has invested nearly 1 million euros so far.