​Banca Comercială Română (BCR) has surpassed the threshold of 1 million Romanians who have benefited from free financial education thanks to two special programs – School of Money and Financial Coaching – in the 8 years since it has been working in communities, institutions, companies and the bank’s divisions.

650,000 children, teenagers, youth and adults graduated from the School of Money

Money School, a BCR project launched in 2016, has become the largest and best-known financial education program in Romania. More than 1,500 bank employees offered, in parallel with the current activities, financial education courses in BCR units, communities, schools or in a virtual environment through online sessions. Over the past 8 years, the program has supported more than 650,000 Romanians in improving their relationship with money and making smart financial decisions.

Of these, approximately 145,000 are adults from private companies, government agencies, non-governmental organizations, universities and schools, BCR employees and active users of the Money School platform. 150,000 are teenagers and students, over 355,000 are children aged 7 to 14.

The program has an online educational platform – ȘcoladeBani.ro, which offers free practical resources and necessary tools for personal budget planning, financial prudence, promotes effective money management and supports Romanians’ financial goals for a richer life.

The rest, p400,000 Romanians benefited from a personalized financial plan through financial coaching

BCR’s financial coaching service is unique in Romania and is available free of charge at the bank’s branches to any interested person, regardless of whether they are a bank customer or not. The service is based on an innovative data analysis platform developed in BCR digital laboratories.

Thus, over the past two years, 400,000 people have benefited from a personal financial plan and specific solutions for their life plans and goals. Of these, approximately 60% suggested creating an emergency fund as the first step to a balanced and strong budget, 40% aimed to take out insurance as a form of protection, more than 23% suggested diversifying their savings, and about 5% wanted to save for their children’s education.

Petition about financial education in school subjects

In addition to these efforts, BCR believes that the solution to preparing all generations for financial independence, as well as their responsibility with money, is to introduce financial education into the subjects taught in school. So he launched a public petition that can be signed here. Sign the petition too!

Article supported by BCR