Czech National Bank's mortgages recommendations to become law

Czech National Bank's mortgages recommendations to become law

Published at: 2019-06-12 09:25 | Author: CIJEurope.com
The government is backing a move that would strengthen the Czech National Bank's control over the mortgage market. At the moment, the CNB sets down guidelines that banks operating in the Czech Republic are expected to follow when setting in their mortgage policy. Assuming the government is able to push its initiative through Parliament, the CNB's guidelines on mortgage lending would become legally binding. The government sees this as an important step in avoiding excessive debt in the private sector, which can have a disruptive impact on the health of the financial sector. For the most part, domestic banks follow the CNB's guidelines. But the institution has no real power over foreign banks or non-bank lenders.

Similar Stories:

Su-Prospect develops ‘smart’ building with weather station in Serbia
Su-Prospect has developed a “smart” building with a weather station in Subotica, north  »
Svoboda & Williams to Exclusively Broker the Sale of Houses in the Na Pramenech Residential Project
The Svoboda & Williams real estate agency will exclusively broker the sale of family h  »
New resi building opens at Vrtovi Riverine complex in Sarajevo
Vila Mak, part of the Vrtovi Riverine residential complex, has opened in Sarajevo’s Ilid  »
Robyg to build micro-apartments in Wola district
Robyg is planning to build micro-apartments in its City Sfera residential project in Warsa  »
Where do you see your company going over the next two years? Since I became GM of the co   »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »