Statement from the NBS Bank Board’s 15th meeting of 2022

The Bank Board of Národná banka Slovenska today (23 August) held its 15th meeting of 2022, chaired by NBS Deputy Governor Ľudovít Ódor.

The Bank Board approved a Decree of Národná banka Slovenska of 23 August 2022 No 5/2022 amending Decree No 10/2016 of Národná banka Slovenska of 13 December 2016 laying down detailed provisions on the assessment of borrowers’ ability to repay housing loans, as amended (in Slovak language only).

The Bank Board approved a Decree of Národná banka Slovenska of 23 August 2022 No 4/2022 amending Decree No 10/2017 of Národná banka Slovenska of 14 November 2017 laying down detailed provisions on the assessment of borrowers’ ability to repay consumer loans, as amended (in Slovak language only).

These Decrees will adjust the debt-to-income (DTI) ratio limits for loans maturing after the borrower reaches retirement age. While having almost no impact on the market, this adjustment will prevent people from going into retirement with excessive mortgage debt.   

Further information on this issue can be found on the NBS website.

The Decree amending Decree No 10/2017 will also ease conditions for granting consumer credit for the renovation of family houses under Slovakia’s recovery and resilience plan. With this form of lending, energy cost savings can be taken into account by enabling the provision of larger loans as well as loans with longer maturities. The purpose is to increase the availability of financing for house renovation and to support the transition to a green economy.   

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National Bank of Slovakia
Communications Section
Imricha Karvaša 1, 813 25 Bratislava
Contact: press@nbs.sk

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