The new guarantees will be available in lei.
Since the launch of the program in 2009, the national guarantee fund granted nearly EUR3.6 million in guarantees to about 94,000 beneficiaries. (EUR1=RON4.3907)
Romania will increase funding for the state-guaranteed First Home mortgage lending program by 1 billion lei (EUR227 million), of which RON300 million will be available for the acquisition of homes build though national housing agency ANL, according to a Government decision approved Tuesday.