The profitability of fixed vs variable interest rates on Lithuanian housing loans over the last decade

The profitability of fixed vs variable interest rates on Lithuanian housing loans over the last decade

Loans with fixed interest rates are almost non-existent on the Lithuanian market, and the Bank of Lithuania (LB) wanted to change that – it prepared amendments to the laws, according to which banks would be obliged to provide two interest alternatives for housing loans. However, the offer of fixed interest rates might not always be … Read more

National Savings Fund President Laura Roa Zeidán Announces Plans to Democratize Housing Credit in Armenia, Quindío

National Savings Fund President Laura Roa Zeidán Announces Plans to Democratize Housing Credit in Armenia, Quindío

Armenia During her visit to Quindío, the president of the National Savings Fund Laura Roa Zeidán referred to the process of strengthening the entity with the purpose of democratizing housing credit in the regions of the country. He maintained that last year they disbursed 4,800 housing loans and this year they expect 24,500 mortgage loans … Read more

Rising Trend of Banks Accelerating the Theft of Mortgages Due to Declining Demand and Rising Interest Rates

Rising Trend of Banks Accelerating the Theft of Mortgages Due to Declining Demand and Rising Interest Rates

Banks are accelerating the theft of mortgages due to the declining demand for new loans due to rising interest rates. Since the middle of last year, entities have been immersed in a war to snatch these credits in order to gain clients and increase their business. The trend of these operations is on the rise … Read more