English
The National Bank of Romania will no longer force commercial banks to limit the value of the installment to 35% of the customer"s revenue for real estate loans or 30% for consumer loans, according to the governor"s advisor Adrian Vasilescu. The measure will shift the responsibility for granting a loan from the National Bank to the commercial banks and is closely related to Romania"s adjustment to EU practice.
"A document in this respect will be issued to commercial banks in the next few days. Practically, banks will have to study every customer"s file very carefully," he said. In end-December, the National Bank renounced the commercial banks" obligation to ask customer to post a 25% down payment on purchases financed with real estate loans.
He explained that the EU concept was that the ratio between the individuals" revenues and the installments they have to pay is rather a social issue than a macro-finance issue. In his opinion, from now on, commercial banks will have to fine-tune their internal regulations and develop more precise scoring grids.
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