The sum guarantees loans of RON2 billion. Banks will have to use up the guarantees allotted by the state before the end of the year. Unused funds will be meted out in the system starting next year.
The new guarantees will be available in lei, which means foreign currency-denominated mortgage loans guaranteed by the state are eliminated.
Since the launch of the program in 2009, the national guarantee fund granted nearly EUR3.6 million in guarantees to about 94,000 beneficiaries.