05/14/2021 1:26 PM
Updated 05/14/2021 1:26 PM
The Minister of Territorial Development and Habitat, Jorge Ferraresi, affirmed this Friday that the Nación and Provincia banks will subsidize the quotas of the UVA mortgage loan holders that exceed 35% of the income of the family group.
The Central Bank of the Argentine Republic (BCRA) announced that it will establish an instance of monitoring and early warning to identify possible cases of risk that affect UVA mortgage debtors, in which the quota-income ratio exceeds the limits established by Decree 767 / twenty.
The minister pointed out that he had
"many meetings with the banks and we managed to get the Central Bank to make this resolution,
" which he considered "is a framework of tranquility" for debtors.
Ferraresi specified that "no installment of a UVA loan can exceed 35% of the family salary", and explained that "each of the banks must define what solution they offer to the mortgaged."
He explained that "Banco Nación and Banco Provincia -which have more than 70,000 UVA loans granted-
will subsidize quotas that exceed 35 percent,
" while "Banco Hipotecario, where there are 7,655 UVA loan holders, will leave of the UVA modality to adjust according to the salary evolution ".
The official said that the measure "is a trigger" that will be "a contribution of 5,000 million pesos from the trust fund" and said that "where there is some difficulty in sustaining the credit, measures will be taken from the Ministry."
Most of the UVA credits are in the Nation and the Province, they
exceed 70,000. A frame of tranquility is generated," he remarked.
Last year, the national government established a freeze on mortgage loan installments updated by the Purchasing Value Unit (UVA), effective between April 2020 and January 2021, within the framework of the crisis caused by the Covid-19 pandemic. .
Credit takers have been demanding a solution.
Then, to avoid substantial jumps in quotas after the prolonged freeze period, the government established a convergence mechanism effective between February 2021 and July 2022.
To prevent possible situations of vulnerability during convergence, a reinsurance mechanism was established, which obliges financial entities to offer facilities to debtors whenever the incidence of installments exceeds 35% of income.
According to the quota-income ratios declared by the granting financial entities for each of the financing
, more than 90% of the debtors will face a quota-income ratio of less than 35% in July 2022
, when the convergence schedule ends.
For this reason, the monitoring initiated by the Central Bank will seek to generate early warnings to identify and address possible risk cases that affect debtors.
With information from Télam.
With information from Télam.
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