Loans

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. In comparison to the previous quarter ending in June, NPLs saw a reduction of €95 million.

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic says Serbia's banking sector is stable, highly liquid and profitable.

Rising interest rates seriously hurt mortgage credit, affecting both the demand and supply for mortgages. This stems from the figures of the Bank of Greece, based on which mortgage disbursements fell in the second quarter of 2023 by 10.7%, while in the same period the number of loans granted showed a greater decline of 12.4%.

Representatives from several banks attending the "My Money" Expo have forecasted an increase in interest rates on household loans within the next six to twelve months. While this increase has already affected company loans, it is yet to impact households, according to Tatiana Ivanova, Executive Director of "Digitalization, Data, and Operations" at UBB.

The Banking Regulation and Supervision Agency (BDDK) has announced a decision to tighten the conditions for some housing loans as part of the measures aimed at strengthening macro-financial stability.

The loan-to-value ratio has been tightened by 75 percent and set at 22.5 percent from a previous 90 percent for those who want to buy a second home.

Interest rates on home loans remain at around 2.5%. This is shown by the latest BNB data. However, the cost of loans for current consumption is increasing by 1% for July compared to June.

Bulgaria is again lagging behind the European trend for the growth of interest rates, but by the end of the year an increase of up to two percent is possible.

And this is the growth achieved in the past year. Official statistics are more than stern and in percentages show growth that's more than doubled, as reported by Blic.

The online platform where businesses can apply for loans with subsidized interest has opened.

On the platform, called "Know Your Customer," interested businesses can apply for loans ranging from €10,000 to €1.5 million from the Business Liquidity Fund, which was reactivated by the Hellenic Development Bank.

Interest rates on business loans dropped in June, while consumer loans and mortgages became more expensive, Bank of Greece data show.

The share of cash in real estate purchases is increasing, as the relevant data show. The sharp increase in lending rates has sharply reduced the demand for mortgages, but at the same time transactions continue to move upward, along with sales prices, which are breaking one record after another.