The “First Home” program is officially stalled, Money.ro reports. The banks exhausted the EUR 200 M allotted at the beginning of 2011, and the fourth stage cannot be initiated, as the collaboration protocol with the National Loan Guarantee Fund for Small and Medium-Sized Enterprises (FGCIMM) has not been published in the Official Monitor. Furthermore, the bankers have to obtain the National Bank of Romania (BNR)’s stamp of approval to modify the internal norms for loans, as laying out a 5 pc-advance, as requested by the Government, along with taking on 50 pc of the loan risk, mark a deviation from the usual regulations. Thus, on May 10, the Public Finance Ministry hosted a meeting between the representatives of the ministry, BNR, the Romanian Banks’ Association and FGCIMM. The object of the meeting was to clarify the steps and solutions which will lead to the optimisation of the First Home program, as soon as possible, according to a press release remitted to “Nine O’Clock”.