Photo: Igor Charsiew / “Kommersant”
The intention of the Central Bank to tighten capital requirements for banks, mortgage loans with low down payment, will have a positive impact on their creditworthiness, but will increase the “entry threshold” in the mortgage: apply for a loan, having a small amount of equity, will be harder. About it writes “Kommersant” with reference to a study by rating Agency Moody’s.
In an effort to make less profitable the issuance of risky mortgages with low initial payment (from 10% to 20%), 2018, the Central Bank raised the risk weighting in calculating capital from 100 per cent to 150. Recently the Bank announced plans to increase from 2019 this ratio to 200 percent, the newspaper notes.
According to Moody’s analysts, such a measure would increase the creditworthiness of banks. The biggest way it will impact on lenders with a significant share of mortgages in the portfolios is a “Bank”, “Absolut Bank”, “Center-invest”, “Transcapitalbank” and others.
Bankers, in turn, believe that the next tightening by the Central Bank will reduce the availability of mortgages for the population. In the “DeltaCredit” the publication stated that banks will be forced either to raise rates on loans with low down payment, or to set the minimum contribution at 20 percent.
Thus, the “cost of entry” to the mortgage will increase by about a third, stated the representative of the Bank.
Today it became known that representatives of the Russian banks from top-15 on the results of the mortgage are expected to increase average rates on housing loans up to 10-10. 5 percent per year. To grow to be instability in the financial markets and a possible increase in the key rate of the Central Bank.
Video, photo All from Russia.