News » February, 2011 » 25 February 2011
'First Home 3' guarantee cap is being spent quickly
25.02.2011, 00:05 | Finance-Banks | 869 views
The 200 million-euro guarantee cap set by the Government for the 'First Home 3' scheme is being spent quickly, with BCR and BRD, the banks with the highest amounts allocated as part of the scheme reporting that they have over 1,200 applications under processing, which means there could be over 2,000 applications being processed on the overall market, but the Loan Guarantee Fund for SMEs has so far approved around 650 applications. The scheme became operational at the beginning of February, when the guarantee caps were allocated. The two players have a cumulated guarantee cap of around 100 million euros, i.e. half the total amount available. Read more on ZF.ro
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