Four lenders will charge debtors negative interest …
“Franks” loans are the assets of almost all leading banks. Eight institutions with market leaders answered a question about the negative interest rates (see table below). Take into account the lower value of zero can not count Raiffeisen Polbank customers. If the sum of the margin and the reference rate (LIBOR – CHF) will be negative, said the bank will take into account the rate of 0.00 per cent.
Three other lenders (Credit Agricole, Millennium Bank, Getin Bank) has not yet chosen a specific variant. Employees of these banks for now analyze the technical, fiscal and legal effects of negative interest rates.
A quick decision on rates subzero took while PKO Polish Bank. Leader of the credit market, if necessary, take into account the negative interest rate. This operation will result in a reduction in the capital part of the installment. A win for customers also apply Eurobank and BZ WBK. The latter institution will charge a negative interest that would later contribute to more rapid repayment of capital or reduce the period of the loan (see table below).
A slightly different variant chosen Deutsche Bank. DB representatives emphasize that the adoption of negative interest rates is problematic for legal reasons. Despite this, Deutsche Bank from April to December 2015. Installment introduces a system of incentives – writes Andrew Prajsnar RynekPierwotny.pl portal. This solution will apply to loans for which the sum of the margin and the reference rate will not exceed 0.00 percent.
LIBOR less than 0 percent. good appreciation of the franc depreciated
At the current level of consideration of CHF LIBOR interest rate of 0.00 per cent lower. will not provide significant savings to borrowers. Of greater importance is the fact that banks have accepted as a negative CHF LIBOR reference rate. Customers of these institutions, which have already updated the interest rate “mortgages” in CHF, pay installment almost the same as at the end of last year (see chart below). For example available from January 2006. Estimated increase was only 25 zł / month. In the case of loans taken out at the beginning of 2007, 2008 and 2009, can be seen even drop installment (reference rate reduced from 0.01 per cent. To -0.90 per cent.).
As you can see, the current level of LIBOR CHF effectively offsets the impact of higher prices on the amount of installment franc. This does not mean, however, that the most important issues “frankowców” have been resolved. For most people who have opted for a loan settled franc, the biggest concern is the high level of LtV (LTV = debt converted into gold / current value of the property). It is possible that in the case of high LTV loans, banks agree to conversion and partial debt cancellation. The costs of such an operation would be distributed among borrowers, banks and the state budget.
Andrew Prajsnar
Get free: T 2014
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