How does this affect the economy as a whole?
— This could be a significant figure netherlands telegram data that will affect the economy as a whole. For example, during the pandemic, banks restructured 6% of their debt. It was significant for them. They suffered losses. We supported the banks by allowing them to use the capital reserves accumulated thanks to our measures to cover losses. Plus, we think not only about the risks of banks, but also about social risks. Imagine if a person is servicing a loan at the limit of their capabilities and faces the fact that their salary will decrease or they will lose their job. They will have a hard time living during this time.
Will have to economize greatly on themselves
and their loved ones. And imagine that there are millions of such people… As a result, aggregate demand will decrease, other industries will suffer. And this can trigger an unpleasant chain of consequences. Everything is connected in the economy. Therefore, we are trying to reduce both the risks of banks and the risks of citizens.
For banks, we close risks with the help of macroprudential limits
surcharges. Within the limits, we allow banks to lend to risky borrowers with a high debt burden, but in return, banks must set aside more money in their own capital. This is how macroprudential surcharges work. If a person then applies for a credit holiday or asks to what have i, a woman, experienced in the technology market restructure the debt, then the bank will have a safety cushion for this case. In the event of a crisis, it will cover possible losses from it. Such measures indirectly lead to alb directory banks lending less to citizens with a high credit burden. Plus, a new measure has appeared this year. If a person’s DTI is more than 50%, then the lender must notify him of the increased risks. At the end of the year, we will see how the practice of such notifications affects the behavior of clients.