Despite the increase in interest rates, banks’ problematic mortgage loans remain at 36 billion

Mortgages suspicious collectionhence they were positioned before the summer season. 10.944 millionslightly above the first quarter (343 million and 3.2% more) and thus broke the downward trend. But they are still well below March 2022 levels (2.741 million and one). 20% less). Also in mortgages special surveillance increased compared to the first quarter of last year due to the high risk of non-payment (2.656 million and %11th), but they fell in June compared to March 25.415 million (394 million and 1.5% less).

The fact that the amount of non-performing mortgages has not increased in the current context may in principle be a problem. good news. But the Bank of Spain no credit. Because on the one hand, each rate increase Official interest rates of the European Central Bank (ECB) Tburn between 18 and 24 months While deploying all your talents Effectsand 10 were produced between July 2022 and last September. And on the other hand, because Households are slow to stop paying I mortgage some of them. two years Because they experience, on average, a significant decrease in their income, they often job loss. Currently the labor market is resisting and Euribor has started to fall because markets are expecting ECB interest rate cuts in 2024. But time will tell how family finances will adapt to the growing growth process. slowdown of economy European.

Plan for those with mortgage

This possible increase payment problems One of the reasons given by customers State for expand aid plan For mortgage holders in trouble who agreed with the bank in November 2022 and are currently receiving much less demand than expected. The vice president, this newspaper reported Nadia Calvino He will meet with banking employers and the Bank of Spain this Monday to extend the suspension of commissions for modifying mortgage loans until 2024. variable to fixed rate And early repayment It will come into force in 2023. At the same time income threshold families who can Benefit Code of Good Practice on mortgage relief for middle-class households from the current €29,400 (3.5 times IMPREM) to “middle income” (€37,800).

Both the Bank of Spain and the financial sector express their views. denial to happiness addition The plan was canceled on the grounds that it was too early. However, the governing body Pablo Hernandez de Cos He also called on banks cautious and enjoy the benefits profit increase brought about by the rise in Euribor Strengthen your capital and provisions. Its purpose is to increase the capacity to withstand the foreseeable increase in defaults. Since the banks don’t seem to be interested in him so far, the lieutenant governor Margarita DelgadoA few days ago he raised the tone and warned that “there are no expectations” for institutions, especially at an event organized by the AEB banking union.

wake up call

The Bank of Spain’s number two based his criticism precisely on this: reducing loans to homes and workplaces special surveillance in Spain and the Eurozone. “This can make us think about whether organizations are capturing enough data through their information systems. early warning Deterioration of economic and financial conditions. Under current conditions economic slowdown“Even if there is a technical recession in some European countries, this segment of debtors can be expected to become larger or at least their weight in the total will increase,” he warned.

European banks reduced their specially supervised loans by 5.8% from the maximum level last September, according to data from the European Banking Authority. 1.431 billion since last June. Spain Fifth out of 30 countries Analyzing EBA by loan percentage special surveillance lower in total loans (6.8% compared to 9.1% on average), but seventh at a higher rate late payment (2.9% vs 2.1%). In the sum of both components, the country has a credit ratio. less problematic above average (9.7% compared to 11.2%), but piggy bank heavy provisions on the assets in question – highest (51.7% vs 48.3%).