VUB's Market Share and Financial Services
MORTGAGE BUSINESS
FURTHER DETAILS
ā In the last 3 years, VUB has experienced a strong growth due to successful mortgage campaign
Yearly Contracts Growth
(contracts EOY)
Units
97,844
2016
+10.8%
108,438
2017
+8.3%
117,491
Number of Housing Loans
2018
Yearly Outstanding Growth
(outstanding EOY)
EUR mln
+19.9%
5,321
+16.0%
6,170
4,440
2016
2017
Outstanding of Housing Loans
2018
Visible slowdown of YoY growth in 2017 mainly
due to newly introduced NBS limit on new
production with LTV 80%-100%
in order to mitigate negative development on
real estate market values.
Up to 50% share of volumes on LTV bucket 80-100%
allowed since 2017/01. The final limit value (20%) on
LTV bucket 80-100% with gradual reduction will be
reached in 07/2019
Another macro prudential rules tightening introduced
in 2018 (NBS limit on LTV 90-100% set to 0% and
new NBS Limit on DTI > 8 share)
in order to slowdown the trend in development of
overall indebtedness of Slovak households.
The maximum share of new loans for which the DTI ratio
exceeds 8 is set to 10% for 1Q/2018 and will decrease to
5% (+5% if additional conditions are met) in 3Q2019
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