2024-05-21 12:12:23
Obliged all banks to present loans solely in compliance with 6 obligatory standards and to report each three months
At the least 6 standards should be met by anybody who desires to get a mortgage mortgage. This was determined by the BNB Board of Administrators at its assembly, the central financial institution introduced.
The rationale for that is clearly pronounced credit score development, primarily within the section of loans secured by residential actual property.
With the choice of the BNB, the listed necessities turn out to be obligatory for banks and branches working in our nation. Assembly these standards will probably be tracked for every mortgage granted till it’s repaid. They’re additionally obligatory when renegotiating previous loans.
The factors used to guage whether or not a mortgage is simply too dangerous or might be granted are: ratios between the quantity of the mortgage and the worth of the collateral on the time of granting, the ratio between the quantity of present funds in reference to servicing the debt and the borrower’s month-to-month revenue at granting, ratio between the quantity of present funds in reference to servicing the mortgage secured by residential actual property and the borrower’s month-to-month revenue at granting, ratio between the quantity of the debt and the annual revenue of the borrower, ratio between the quantity of the mortgage and the annual revenue of the borrower and most time period below the mortgage settlement.
With its resolution, the Board of the BNB additionally adopted a technique for calculation and obliges banks to report each three months, each for every mortgage granted individually and typically for all loans. The central financial institution will train strict supervision over compliance with the foundations, the choice added.
The choice explicitly emphasizes that the measures taken to date assure the steadiness and capital adequacy of the banks, regardless of the credit score increase.
How the standards will probably be calculated – keep tuned