Bankers held several meetings yesterday with government officials and representatives of the National Bank of Romania (BNR), but from their statements, it appears that certain details, such as the maximum five percent down payment, were not finalized.
Mugur Isarescu, BNR’s Governor, assured bankers interested in the “First Home” program that the state’s guarantee will be granted immediately in the case of loan installment default, and that banks will not be forced to foreclose.
