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Bucharest
September 15, 2019
BUSINESS

First Home: Applications reach historic maximum

The National Loan Guarantee Fund for Small and Medium-Sized Enterprises (FNGCIMM) since the beginning of the year has granted almost 6,800 guarantees worth 555 million lei, in backing loans worth 1.11 billion lei under the First Home scheme, with the average value of accessed loans 165,000 lei, the institution informed on Tuesday.

‘The First Home programme is the most popular among the governmental programmes managed by the FNGCIMM SA, with statistics and research still confirming its upward trend. The First Home programme can be considered as an indicator of Romanians’ trust in the future and of the fact that the macroeconomic results and the positive evolution of Romania’s economy in January-April 2015, by approximately 30 per cent, compared with the same interval last year, is becoming visible’, showed a release of the FNGCIMM..

The FNGCIMM manages governmental programmes meant for a relaunch of the economy, development of the business environment, as well as for the creation and maintaining of new jobs, while functioning as a joint stock company, with its single shareholder the Romanian state, under the prudential supervision of the central bank. The guarantee provided by the FNGCIMM is worth maximum 80 per cent of the loan value, without the possibility of exceeding a 2.5 million euros cap/per beneficiary.

 

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