ING CEO added that the bank has a non-performing loan ratio threefold lower than the market.
The bank’s non-performing loan ratio fell from 5.7% to 5.1% last year.
Szczurek said the law on debt discharge would not solve the problems of people in difficult situations, as it is a solution for few clients, but it will harden individuals’ access to real estate loans.
Asked about ING’s lending conditions if the law on debt discharge is adopted in its current form, ING CEO said there are several different scenarios, without providing further details.
The Romanian Senate unanimously approved on Monday the law on debt discharge, with 119 pros and no con, but the Chamber of Deputies has the final say on the matter.
The senators decided the First Home program will remain subject to the provisions of the law on debt discharge, but, they also admitted the Romanian central bank’s proposition to introduce a maximum ceiling of EUR150,000 for properties used for residential purposes, which will be considered when enforcing the law.
According to the law on giving in payment, a debtor can resort to the discharge of debt obligations stemming from a loan contract through the transfer of immovable property to the creditor.