The banks that don’t use the assigned funds by the end of 2012, could use in 2013, the draft also read.
Of the 16 banks that took part at the fourth stage of the “First Home” program, BCR, BRD, CEC Bank, Banca Transilvania, OTP, Unicredit Tiriac Bank, Raiffeisen Bank, Credit Agricole and Leumi Bank asked to be assigned additional amounts from the EUR200 million ceiling, which could be used only by the end of 2012, according to the current legislation in force.
The unused amount from 2012’s ceiling will be published on the websites of the National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) and the Ministry of Public Finances until January 15, 2013.
Should the decision be enforced, the banks could benefit from the assigned amount immediately after having exhausted the previous funds, “preventing any chaos situation on suspending the loans for the natural persons who had already took measures and spent money to join the program,” the draft also read.
The First Home program was launched in 2009, providing state guarantees for mortgage loans up to EUR60,000, and, since 2010, up to EUR70,000 for homes not yet built and EUR75,000 each for new homes bought by persons organized in associations.