Year we will be able to set limits uk telegram data on risky loans in both mortgages and car loans; we recently receiv such powers. As experience has shown, this tool is very effective: consumer loans are issu much less frequently to people with a high DTI, who already have a lot of debt. Over the past two years, we have manag to ruce the share of loans with DTI 50+ more than twice – from 63% to 28%.
Mortgage limits may affect loans with a down payment of less than 20% and a borrower’s debt burden of more than 80%. We see that a low down payment combin with a high debt burden significantly increases the chances of default. In car loans, we will also gradually ruce the share of high DTIs. The measures will also apply to cases where money is taken not to buy a car, but for any purpose using an existing car as collateral.
In addition, from February 1, we introduc
A countercyclical surcharge of 0.25%, and for the first time, banks began to form a capital reserve not only for risky types of loans, but for all loans in general. This is important, given how quickly corporate lending grew last year.
From July 1, this premium will
rise to 0.5%. For the bank, this avoiding financial losses essentially means that its minimum capital adequacy ratio should be not 8%, but 8.5%.
— Tell us in more detail how and why alb directory the Central Bank regulates mortgages.
