How to earn credit incentives or rules for restructuring loans! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

How to earn credit incentives or rules for restructuring loans! - News about real estate, Kiev, Kyiv region. Real Estate In UkraineBanks last week offered to go to work by the same rules of restructuring and conversion of foreign currency loans in the hryvnia. On 3 June, the NBU adopted its recommendations, which most...financiers regarded as a direct order and have already begun to revise their proposals to the clients. According to the NBU, in the first place the need to provide incentives on mortgages and loans for production. This susceptibility of bankers has one explanation: for the implementation of nabakowski rules they are entitled to some indulgences.Mortgage in priorityBanks have started to offer the extension of repayment dates, conversion of loans and translation of foreign currency loans in the hryvnia's still November–December 2008, increased the demand for such benefits was recorded in the first quarter of the current year. The financial institution offers customers different terms of the renegotiation of existing loan agreements, depending on the capabilities of each individual Bank. The resolution of the NBU No. 328, which appeared a week ago, bankers were asked to lead a restructuring program to a common denominator. "This document is not an accident. The NBU has asked banks accounting for restructuring programs as of April 1, and found out the situation with the delay. And the ruling was the result of a study of all this information," — said "DS" head of risk management Department of VAB Bank Elena domuz.The resolution of the NBU, banks are encouraged to set priorities in restructuring of loans. First in line for benefits took ordinary citizens, extinguishing the mortgage loans. "The national Bank has offered financial institutions to restructure mortgage loans only to those borrowers who reside in the purchased housing, the size of which does not exceed 110 sq. m. the Amount of the monthly payment on loans subject to restructuring, should be more than 30% of monthly income of the client", — said the "DS" Deputy Chairman of the Bank "Khreschatyk" Irina we played very poorly. Flush with mortgage borrowers are enterprises engaged in the manufacture of products (any, no restrictions). Second place, according to the criteria of the Central Bank, is given the credit, issued by individuals for treatment or completion of construction (debt does not exceed 200 thousand UAH. and payments account for over 30% of borrower's income. On the third place office Volodymyr Stelmakh put all other Bank loans.According to a new document to qualify for restructuring can only those who have issued their loans before October 1, 2008, Such loans shall be classified by the Bank not less than class: the value of the collateral allows you to repay the loan, and the payments do not exceed 50-80% of the income of the borrower. Maintenance status of such loans can't be worse than the level of "good" or "weak": according to current regulations, for individuals it loans with arrears in 7-30 days, of legal entities — in 7-90 days. To postpone or to convert loans are allowed only upon presentation of documents proving that the client is unable to extinguish the debt on the old schedule.The national Bank has recommended charges to extend the primary term of validity of the contract for no longer than two years, and the repayment of the principal debt (the loan) is not more than a year. Simultaneously, the controller advised not to charge their clients for debt restructuring loans, as well as fines, penalties and penalties accrued at the time of adoption of the decision on the conversion of any conversion of the loan. The NBU intends to control the process of restructuring of loans, and therefore required to provide information about this activity and to 7 September 2009 to fully calculate the costs of the banks.Restructuring in exchange for benefitsIn exchange for adherence to all these conditions, the Central Bank suggested wards a number of benefits. "Banks have started restructuring of loans, may increase losses to 6% per month. That is, they are given the opportunity to stretch in time, compliance with the regulations of the NBU. I assume this will allow financial institutions to optimize the formation of reserves, and therefore will be profitable for them", — has noted in conversation with "DS" Irina we played very poorly. Also financiers allowed to increase by one level category of borrowers converted into hryvnia or restructured loans if the servicing of loans is determined as "good", and payments on principal loans and interest are made at least once a month. According to the calculations of financiers, this approach will allow them to reduce the amount of required reserves on credit operations immediately by 10-15%.Recently bankers actively launched a loyalty program. "As a rule, the basic terms of debt restructuring included the provision of customer credit vacations or transfer of the loan balance from one currency to another for the purpose of minimization for customers foreign currency risk. In addition, for example, in our Bank, in addition to conventional restructuring programs, were very popular event, allowing them to reduce the interest rate on the loan is subject to early repayment of the current debt," — said "DS" head of Department of credit products of retail banking OJSC JSB "Ukrgasbank" Dmitry zamotaev. However, despite the appearance of additional terms in the provision of benefits, financial experts praised the new document of the national Bank. "By decree No. 328 of the Central Bank tried to streamline the process of restructuring loans — banks still determine the principles and approaches in this field. Not always the suggestions of the banks coincided with the desires of customers, so the new document will eliminate all inconsistencies and dot the "I" — said "DS" Executive Director FG "Consulting and investments" Dmitry Poddubny. "Now planned in restructuring the banks are not less interested than the customers themselves," — added the Deputy Chairman of the Board of BG Bank Sergey Telegin. Unofficially financiers recognize that the rules are a revision of the existing credit agreements, presented by the national Bank in the form of recommendations, it is also an attempt to rein in the banks, which in recent months especially have been actively engaged in the process. "As the deterioration of the situation with the repayment of loans, banks have become flexible as ever. And the extension of repayment dates, and vacation credit, and conversion of loans into hryvnia offer, not even requiring confirmation deplorable situation of the borrower. Quite often he didn't pay because they lost their jobs, but only due to the crisis. Bankers rarely bother to check the real financial situation of the client and only subsequently learned that his financial circumstances have not changed, he just wanted to get a deferral in repayment, not to overpay on foreign currency loan at the beginning of the year (many were waiting for the strengthening of the hryvnia). Now, such things will come more careful," he assured, "DS", the Chairman of one of Kyiv banks.According to financiers, most actively for the delays and recalculations in this year turned ordinary Ukrainians. "The proportion of restructured loans in the portfolio of individuals banks amounted to about 15%, in corporate lending — 10%. As for legal entities, if it was about the counterparties ' failure to pay an average term of prolongation of loans began with three months. When extended loans investment programmes, it has reached one and a half years", — said Sergey Telegin. The duration of repayment holidays for ordinary borrowers were within three to six months. Moreover, in most cases with Ukrainians starred obligation for payment of the loan, but they were required to pay interest. In some cases, the banks charged customers an additional restructuring: it fluctuated within 0.5 to 1% of the debt. In addition, when perepodpisanie credit agreements they negotiated new agreements their right in the future to raise the interest rate on the loan is: usually, it was about the appreciation of the loan of 1-2% per annum, although in some cases — just 3-5%.Financiers make different predictions about the increase in the volume of loan restructuring after the entry into force of the new instrument of the national Bank. "If current trends in the economy, we expect that the share of such debt this year to rise to 25-30% of a portfolio of corporate clients and up to 30-35% of loans granted to natural persons" — were in favour of the optimists Mr. Telegin.

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