Borrowers will not share data

Two in every three borrowers who reached the penultimate step before the final submission of their application to join the mortgage installment subsidy program have canceled it on their own initiative, as a result of which the number of beneficiaries is only 4,527 to date.

This is the program under which banks subsidize 50% of the increase in installments incurred by a vulnerable home loan borrower (or small business loan secured against a main residence) due to rising interest rates. A condition for inclusion in the program is the issuance of a vulnerable borrower certificate, but participation in the program to date contradicts the initial estimates of subsidizing up to 45,000 beneficiaries.

The main reason, according to the banks, is that the majority of beneficiaries are reluctant to press the button for the final submission of the application, essentially...