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Commercial banks have warned of an increase in the interest rate on loan contracts under the Prima Casă (First House) state program.

Commercial banks have warned of an increase in the interest rate on loan contracts under the Prima Casă (First House) state program.

According to notices from banks participating in this state program, from January 1, 2023, the rate on loans issued before the end of June 2022 will increase by 2 p.p., and those extended starting with July 1, 2022 - by 3.95 p.p. This change is due to the increase from 9.47% to 13.42% of the indicative rate for the Prima Casă state program published by the NBM (calculated as the weighted average interest rate on newly attracted deposits in the national currency for a period of 6 to 12 months), which is a composite part of the interest rate under the program. The weighted average rate on deposits, according to the National Bank increased from 9.47% in May to 13.42% in November. //22.12.2022 - InfoMarket.

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