The fund said in a statement it had received green light from the Finance Ministry for the distribution of the RON2 billion ceiling earmarked for 2018.
The 2018 First Home program will be carried out through 15 financing banks, namely, Bancpost, Banca Comerciala Romana, BRD – Groupe Societe Generale, CEC Bank, Credit Agricole Bank Romania, Garanti Bank, ING Bank, Leumi Bank Romania, Marfin Bank, OTP Bank Romania, Piraeus Bank, Raifeissen Bank, Banca Romaneasca, Banca Transilvania
On January 10, 2018, Romania’s government approved the 2018 edition of the First Home program for first time homebuyers with a total guarantee budget of RON2 billion. It also lowered the maximum interest margin to 2% from a previous 2.5%.