The Romanian Association of Banks (ARB) underlines the negative impact that would spread to consumers and the national economy in case of the approval of the draft laws regarding the conversion of the payment currency from the credit agreement to the historical exchange plus maximum 20 percent, capping the interest, limiting the enforceable title of the contracts and regarding the release of the debt at the real price of the assignment and the interest.

KPMG reveals that the impact of the bills could lead to a slowdown in economic growth, a decrease in consumption and investments, as well as a decrease in revenues to the state budget, in addition to other effects that will affect consumers.

The KPMG study shows that a potential reduction in loans for the population and companies by 5% as a result of diminishing the capacity of the credit institutions to finance the private sector is estimated to lead to a reduction of consumption by 1.95%, of investments by 0.30% and GDP by 2.64%.