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CEC Bank Ups First Home Guarantee Ceiling By EUR11.5M
Romanian state-owned lender CEC Bank increased by EUR11.5 million the guarantee ceiling for the state supported “First Home” program this year, after the bank exhausted the amount initially...
Romania Increases Guarantee Fund For First Home Program By EUR200M In 2012
Romania’s Government on Wednesday decided to increase by EUR200 million the guarantee ceiling for the state supported “First Home” program this year, and the money will be accessed only by t...
Romania Might Exempt “First Home” Owners From Paying Property Taxes For Ten Years
Romania’s Senate on Tuesday adopted tacitly a bill exempting owners of homes bought through the “First Home” program from paying property taxes for a period of ten years.
Mortgage Lending Growth Slows Down In February
The mortgage lending growth pace in February was half the monthly average of 2011, because not even government-secured loans are drawing customers to banks.
Slowdown In Sales Of Mortgage Loans In First Two Months
The number of mortgage loans rose by only 2,000 accounts in January and February, a four times slower pace than in early 2011, considering bankers are only selling “First Home” scheme loans...
"First Home" Failure: Only 150 Customers Took Loans In Lei
Bankers sold almost EUR540 million worth of loans through the “First Home 4” scheme, one third of the value of the loans granted in the previous three iterations. Only 150 customers of a tot...
Central Bank Is Late To Discourage Foreign Currency Lending, Doesn’t Go All The Way
On a market where loans in foreign currency account for two thirds of overall household lending, the National Bank of Romania (BNR) wants to discourage foreign currency loans, especially mor...
First Home IV Program Issued 4,170 Loan Guarantees, For EUR160M
Romanian Prime Minister Emil Boc said Friday that 4,173 loan guarantees, worth a total EUR160 million, have been granted so far through the "First Home 4" program, including EUR80 million fr...
Only Ten Mortgage Loans In Lei Granted Through “First Home 4”
The increase in the cost of euro funding and the decline in interests on the Bucharest monetary market have not persuaded Romanians to borrow in lei instead of euros, so bankers have managed...