2023-11-27 11:49:50
Photo: TUT.BY
The National Bank published the estimated standard risk values (RVSR), which will be in effect in December. This is the interest ceiling on bank loans, primarily for real estate. That is, some loans should rise in price next month.
The regulator decided not to change the size of RVSR rates for the fifth month in a row. The last time this figure was revised was in June – downward.
As of December, the RVSR for individuals will be at the level of 15.25% (now – 14.61%), and for legal entities – 10.99% (now – 10.82%). Banks should focus on this ceiling when setting interest rates on loans; they cannot be exceeded.
In this case, in December banks will increase interest rates on some loans for households and businesses.
Another indicator that banks rely on when setting interest rates on loans is the refinancing rate. Now it is 9.5% per annum. The National Bank predicts that the refinancing rate on average for 2024 will be at the level of 9−9.5% per annum. That is, we can assume that this figure will not increase in the near future.
Let us remind you that in Belarus there is a credit boom among the population. The National Bank is concerned about this because some borrowers have problems repaying loans due to excessive debt load. Simply put, because people haven’t calculated their financial capabilities or are simply overleveraged. In this situation, the regulator prepared changes for loans.
Noticed a mistake? Please select it and press Ctrl+Enter
#National #Bank #decision #buy #apartment #credit #News #Belarus #latest #news #today