recently approved government plan and banking to assist low- and middle-income mortgages with payment problems Due to the elevation of Euribor, a economic cost for entities that cannot be known with certainty in two years partially repealed. Have assets and analysts financiers, however, already own first guesses It can be concluded that there may be an impact on sector accounts between 900 and 1,500 million euros shaped provisionsaccording to various sources cited by this newspaper.
Of course, two months later. tough negotiations Ministry of Economy and banks, most mortgaged falls into the category where the measures are applied. private surveillance for default risk, but should not be considered defaultersorganizations will have to small amount provisions. for one it’s like this major technical issue: The deferred principal of the loans granted a grace period, decrease in loan value 0.5% and not the 1%, which implies they fall into the defaulters category.
Prediction range
As explained by the Minister of State for the Economy, Gonzalo Garcia Andresin an interview he gave to this newspaper last week, during the negotiations – which is Bank of Spain– work done with “a” forecast range“about how many to one million potential beneficiaries will ultimately benefit from the measures and what impact they may have on the sector’s accounts. this employers bankingfor them, data collecting After the legal text of the contract is published, for their organizations to make a more precise calculation.
signature JBCapitalFounded by Javier Botín, he calculated in a report that organizations may have to procure. 1.5 billion Euro maximum. According to his estimates, the measures are applicable to mortgages of up to one million. 30,000 million (around 5.8% of the total portfolio), a figure that takes into account “more than manageable” for banks. “At best, the effect even small‘ he pointed.
another report cityheavily titled ‘Banks are avoiding bullets’also a “limited impact” Measures included in the income statements of banks. According to their estimates, among 7% and 8% of mortgaged homes (approximately 2% of total households) are eligible to benefit from the measures. Other banking sources, approx. 900 million.
Main banks, same Wednesday BBVAannouncing these days adherence to the plan (This is optional, but compliance is mandatory once joined). Institutions know that raise rate in the face of rising prices, it would force them to increase their provisions anyway. payment problems mortgaged And even if they prefer no corset The Government’s plan to negotiate one-on-one with clients as they usually do. satisfied with the result negotiations on what could be seen in the proposals United We Can and parliamentary partners of the executive.