Saramet, FNGCIMM: Some banks irrationally asked for funding caps for First Home 2
Autor:
Izabela Badarau
11.03.2010
16,500 Romanians have so far bought homes worth 803m euros,
with state guarantees. Over 80% of First Home loans have been
granted by only four banks, though. With practically zero risks and
guarantee caps way above their absorption capacity, some banks are
still not unfreezing lending and will not grant too many loans in
2010, either. "Some banks almost irrationally asked for caps in
First Home 2 scheme. I will not name them, but in my opinion
there's no way they could use them. Unused caps will be
redistributed depending on what each bank records," stated the
chairman of the National Guarantee Fund for SME Loans (FNGCIMM)
Aurel Saramet. Bankers in their turn are saying the slow pace of
lending is also caused by weak demand from customers, considering
not many Romanians are willing to take up additional expenses
during this period.