Source: Beta | Wednesday, 05.08.2009.| 15:07
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Interest rate on mortgage loans lowered only by Societe Generale Bank

- Societe Generale Bank is the only bank that lowered interest rate on mortgage loans in EUR in the second quarter of this year. Interest rate was lowered by 0.25%, at 4.2% on annual basis - the National Bank of Serbia (NBS) announced.

According to the results of NBS' poll about banking interest rates on the loans for citizens, of all the banks whose interest rates depend on euribor, Banca Intesa increased the margin on mortgage loans the most in that period (by 1.5%, at 6.5%).

In the second quarter of this year, average margin in the banks whose interest rates depend on euribor was increased from 5.24 to 5.65%, while six-month euribor was reduced by 0.36% in the same period, reaching 1.31%, and three-month euribor dropped from 1.51 to 1.1%.

Interest rates were also increased by NLB Bank (by 1.35%), Hypo Alpe-Adria Bank (by 1.25%), ProCredit Bank (by 1.1%), and Opportunity Bank (by 0.3%).

According to NBS, margins in the banks whose interest rates depend on euribor ranged between 2.9% (Privredna Banka Beograd) and 8.5% (OTP Bank).

Interest rates were also increased by AIK Banka from Niš (by 1.25%, at 10.25% on annual basis) and Čačanska Banka (by 1%, at 8.5% on annual basis).

When it comes to mortgage loans in CHF, interest rates were increased by Alpha Bank (by 4.5%, at 8.5% on annual basis), while the referential interest rate, six-month libor, was lowered from 0.54 to 0.51% in the second quarter of year 2009.

Average interest rate on mortgage loans in CHF was increased from 8.74 to 8.75% on annual basis.

The results of the poll are published on webpage www.nbs.rs/export/internet/latinica/63/ankete/index.html

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