The government was to make a decision in yesterday’s session regarding the exact conditions that banks must meet to participate in this program and to modify the by-laws of the Guarantee Fund, so that it can also guarantee home acquisition.
According to the President of the Romanian Banking Association (ARB), Radu Gheţea, the “First Home” project is expected to lead to a relaunching of both lending and the real estate market, but only if lenders cut interest rates sharply.
