Central bank deputy governor Bogdan Olteanu, who attended a conference on giving in payment draft law, stated that the central bank asked Romanian President Klaus Iohannis to send back the giving in payment law to the Parliament or to notify the Constitutional Court, as it needs a revision from financial, legal and ethical perspective.
Olteanu stated that Romania could take over the model of a similar law in Spain, the only of this type in Europe, which stipulates the voluntary application of giving in payment law by the bank, through an agreement between the two parties of the contract.
Olteanu said the banks could voluntarily agree with the payment of mortgage loans with the mortgaged property only under exceptional circumstances.
On the other hand, the central bank official said that a large company like a bank can afford to deal with certain exceptional situations taking into account its reputational costs.