The Government adopted on Wednesday, a draft Government Decision on amending and supplementing the law on approving the conditions of implementation of the First House governmental programme.
According to a draft Government Decision published on the website of the Ministry of Public Finance (MFP), the Government allocates in 2016 an additional guarantee ceiling of 1.3 million lei for the First Home programme, plus 200 million lei from the amounts released due to reimbursements of outstanding loans, so that the total platform can reach 1.5 billion lei next year.
The ceiling will be almost halved compared to 2015, when the initial ceiling of 2.6 billion lei was supplemented at year-end with 200 million lei and the sum of guarantees issued under the programme went up to 2.8 billion lei.
According to the project, the state is reducing the maximum interest that banks can charge for this type of credits from 2.5 points over ROBOR to three months, to 2 points.
From the launch of the programme, in 2009, and until now, there were granted more than 166,000 guarantees for funding worth more than 3,202 million euros (after the acquisition of 50pct of risk by banks), respectively over 13.9pct billion lei.
From the beginning of the year, there were issued 30,070 guarantees worth 2.52 billion lei. Under the programme, the default rate is 0.2pct, with 401 guarantees being executed, the Ministry of Public Finance states in the substantiation note of the law.