Additional funds of RON 500 M for the First House programme

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Public Finance Ministry (MFP) allots additional funds of RON 500 million for the First House programme, which are going to be distributed to commercial banks starting on Monday, a press release informs.

The financiers having received funds are: Banca Romaneasca, Banca Transilvania, Bancpost, Bank Leumi, BCR, BRD, CEC Bank, Credit Agricole, Garanti Bank, ING Bank, Marfin Bank, OTP Bank, Piraeus Bank, Raiffeisen Bank and UniCredit,” the release points out.

“The additional funds will be used to cover on a priority-basis the requests for granting guaranteed funding within the programme, which are in various stages of approval and pre-approval with the financiers,” the release shows.

The programme’s guarantee cap for 2016 had also been supplemented by RON 500 million in May. Thus, after the two increases, this governmental programme’s guarantee cap will reach RON 2.69 billion this year.

Overall, since the programme launching in 2009 until the end of August 2016, a total number of 197,608 guarantees worth RON 16.88 billion were granted. The overdue payment rate under the First House programme currently stands at 0.3 percent.




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