{"id":2804,"date":"2013-09-19T14:49:37","date_gmt":"2013-09-19T11:49:37","guid":{"rendered":"https:\/\/www.arb.ro\/?p=2804"},"modified":"2025-10-10T12:13:42","modified_gmt":"2025-10-10T09:13:42","slug":"obligatiuni-ipotecare","status":"publish","type":"post","link":"https:\/\/www.arb.ro\/en\/obligatiuni-ipotecare\/","title":{"rendered":"B\u0102NCILE ROM\u00c2NE\u015eTI POT S\u0102 EMIT\u0102 OBLIGA\u0162IUNI IPOTECARE"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"2804\" class=\"elementor elementor-2804\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59af4e6c e-flex e-con-boxed e-con e-parent\" data-id=\"59af4e6c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-29f74a2 elementor-widget elementor-widget-text-editor\" data-id=\"29f74a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\">The measures adopted during the crisis \u00ad- when international funding became more difficult to obtain \u2013 were focused and paced in such a way as to allow banks to raise financial resources at optimal costs for their portfolios, including by making more liquid their portfolios of mortgage loans.<\/p><p style=\"text-align: justify;\">Romanian banks should issue mortgage bonds to finance their loan portfolios and balance their assets on longer maturities, thus reducing the maturity mismatch.<\/p><p style=\"text-align: justify;\">Debt-backed bonds generally have a better credit rating. The introduction of bonds secured by real estate claims would allow credit institutions to attract financial resources at a lower cost than through other instruments, which could lead to lower mortgage lending costs for consumers. The risk would be lower for investors than for bond issues without guarantees, and investors could include Romania in the list and direct funds to the area of mortgage bonds. Starting from 2010, the Romanian Association of Banks has taken steps so that the legislative and institutional framework allows the issuance of mortgage bonds, thus attracting sources with longer maturities.<\/p><p style=\"text-align: justify;\">And so, the law on the issuance of mortgage bonds replacing Law no. 32\/2006 allowing for their  launching came into force in March 2016 with subsequent amendments and supplementations.<\/p><p style=\"text-align: justify;\">The payment law contravenes the provisions of the Romanian Constitution, European law in force, respectively Directive 17\/2014, and the Civil Code. This law violates the principles of non-retroactivity, predictability and proportionality of the law, as well as the right to property provided by the Romanian Constitution, obliging the creditor to take over the mortgaged property. The foreclosure law makes the mortgage bond law inapplicable.<\/p><p style=\"text-align: justify;\">The issues of bonds secured by real estate claims contribute to extending the maturity of the liabilities, allowing banks to adequately balance the portfolio of assets with long maturities and provide stability to the sources of financing, therefore implicitly lead to an increase in the predictability of the maturity profiles.<\/p><p style=\"text-align: justify;\">Romania registers an atypical situation, being among the few states in the EU that does not yet have such an issue, although the balance of mortgage loans of over 11.2 billion euros is sufficient to switch to issues of mortgage bonds, being superior to the portfolio from which the states in the region have started such operations.<\/p><p><a href=\"https:\/\/www.arb.ro\/wp-content\/uploads\/BA\u0306NCILE-ROMA\u0302NES\u0327TI-POT-SA\u0306-EMITA\u0306-OBLIGAT\u0327IUNI-IPOTECARE.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-6249 size-full\" src=\"https:\/\/www.arb.ro\/wp-content\/uploads\/BA\u0306NCILE-ROMA\u0302NES\u0327TI-POT-SA\u0306-EMITA\u0306-OBLIGAT\u0327IUNI-IPOTECARE.jpg\" alt=\"ba%cc%86ncile-roma%cc%82nes%cc%a7ti-pot-sa%cc%86-emita%cc%86-obligat%cc%a7iuni-ipotecare\" width=\"975\" height=\"605\" \/><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>M\u0103surile adoptate \u00een aceast\u0103 perioad\u0103, c\u00e2nd criza a determinat ca finan\u0163area \u00een plan interna\u0163ional s\u0103 fie mai greu de ob\u0163inut, ar trebui concentrate \u0219i caden\u0163ate de asemenea manier\u0103 \u00eenc\u00e2t s\u0103 permit\u0103 b\u0103ncilor s\u0103 atrag\u0103 \u00een portofoliu resurse financiare la costuri optime, inclusiv prin lichidizarea portofoliilor de credite ipotecare. B\u0103ncile rom\u00e2ne\u0219ti ar trebui s\u0103 emit\u0103 obliga\u0163iuni [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[73],"tags":[],"class_list":["post-2804","post","type-post","status-publish","format-standard","hentry","category-proiecte"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>B\u0102NCILE ROM\u00c2NE\u015eTI POT S\u0102 EMIT\u0102 OBLIGA\u0162IUNI IPOTECARE - Asocia\u021bia Rom\u00e2n\u0103 a B\u0103ncilor (ARB)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arb.ro\/en\/obligatiuni-ipotecare\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B\u0102NCILE ROM\u00c2NE\u015eTI POT S\u0102 EMIT\u0102 OBLIGA\u0162IUNI IPOTECARE - Asocia\u021bia Rom\u00e2n\u0103 a B\u0103ncilor (ARB)\" \/>\n<meta property=\"og:description\" content=\"M\u0103surile adoptate \u00een aceast\u0103 perioad\u0103, c\u00e2nd criza a determinat ca finan\u0163area \u00een plan interna\u0163ional s\u0103 fie mai greu de ob\u0163inut, ar trebui concentrate \u0219i caden\u0163ate de asemenea manier\u0103 \u00eenc\u00e2t s\u0103 permit\u0103 b\u0103ncilor s\u0103 atrag\u0103 \u00een portofoliu resurse financiare la costuri optime, inclusiv prin lichidizarea portofoliilor de credite ipotecare. 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