The rapid reduction in rates on
mortgage, which has been observed recently, will lead to an increase in the share of refinancing by borrowers of previously attracted loans. In this regard, the Central Bank recommends that banks conduct a separate assessment of this product for interest rate risk.
Last November, the average rate for
in rubles updated the minimum value for the last two years at 9.19 percent after 9.4 in October. In December, the head of Sberbank German Gref said that the largest Russian bank plans to reintroduce the refinancing of its
mortgages for clients in 2020. This option has been unavailable since September 2018.
< br> As noted by the Central Bank, such a product as loans for
purchase of an apartment, due to its high urgency and the presence of a built-in optionality in the form of an opportunity early repayment and refinancing by borrowers at a reduced rate deserves a separate assessment by banks for interest rate risk. The regulator recommends analyzing interest rate risk not only for the balance sheet as a whole, but also for the most significant products and business lines for the bank. due to its high urgency and the presence of built-in optionality in the form of the possibility of early repayment and refinancing by borrowers at a reduced rate, it deserves a separate assessment by banks for interest rate risk. The regulator recommends analyzing interest rate risk not only for the balance sheet as a whole, but also for the most significant products and business lines for the bank. due to its high urgency and the presence of built-in optionality in the form of the possibility of early repayment and refinancing by borrowers at a reduced rate, it deserves a separate assessment by banks for interest rate risk. The regulator recommends analyzing interest rate risk not only for the balance sheet as a whole, but also for the most significant products and business lines for the bank.
