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Hyn në fuqi vendimi i BSH/ Kredia për blerje banese kufizohet nga 1 korriku

Politiko 2025-05-21 21:04:37

Hyn në fuqi vendimi i BSH/ Kredia për blerje banese kufizohet nga 1

The Bank of Albania has published in the Official Gazette the decision "On setting the upper limits for the indicators "loan-to-value ratio" and "debt-to-income service ratio" for loans granted by banks for residential real estate". The decision will enter into force 15 days after publication in the Official Gazette, but will start to be implemented by banks for new loans for residential real estate that are disbursed from July 1, 2025.

The ceiling loan-to-value ratio in Lek currency will be 85% for the first house and 80% for the second house, while in foreign currency 75% for the first house and 70% for the second house. The ratio of debt service to income for loans in Lek will be at the level of 40% for the first house and 35% for the second house. In foreign currency, the ceiling level will be 35% for the first house and 30% for the second house.

For determining the value of the borrower's debt, in addition to the value of the concrete loan (and other loans that the borrower may have in the financial system), the bank will also include any other debt for which the bank has provided reliable information from the communication with the borrower or prior consultation of the relevant databases.

According to the Bank of Albania, the implementation of these limits will enable the reduction of the risk of default of borrowers and the reduction of bank losses related to these loans, as a result of the unfavorable developments in real estate prices and in the macroeconomic framework of Albania, such as the increase in unemployment, the decline in incomes, the increase in interest rates, etc.

The Bank of Albania argues that these limits take into consideration and have been adapted to address the risk in a proportionate manner, depending on the type of property and the currency in which the loan is granted.

However, the decision allows banks to apply exemption quotas from the above restrictions, provided that, in total, the value of the excluded loans does not exceed 15% of the volume of new loans that were approved and disbursed (even partially) during the quarter.

This exemption quota will include the refinancing facilities provided during the quarter for existing loans that may exceed the indicator limit. Banks should identify the loans and refinancing facilities included in the exemption quota, on an individual basis, and identify them distinctly in the quarterly reporting they carry out at the Bank of Albania.

In the decision, the Bank of Albania also recommends that banks apply a maximum limit on the maturity term in loan disbursement, regardless of currency, as the minimum between the 30-year term and the number of years until the borrower's retirement age is reached. /Monitor