“I ask a public question: who will grant mortgage loans if the law will include possibility of repayment in buildings?,” Isarescu told a banking conference Tuesday.
This kind of solutions could imbalance the banking market and future debtors might pay mistakes of past and current debtors, the governor added.
The central bank chief reminded that the funds used to grant loans are deposited by clients, who expect to take back their money, with an interest, not as “windows, houses or roofs.”
On the other hand, banks don’t plan to gather properties, as they are not developers, real estate agents nor charities, Isarescu said.
The governor expects a moderate rise in private lending over the coming months, but the increases of 2006-2009 are gone for good, while the banks will move more and more towards local financing, using funds attracted from local sources.