On Nov. 22, LTH PRL published CB resolution amending 2016 rules.
LTH PRL published LTH CB Resolution 03-145 of Nov. 21 amending Resolution 03-178 of Dec. 2016 on rules to calculate annual rate of credit price related to real estate.
Overview
Amended point 7.5 relates to calculation if in initial term of credit interest rate there is agreed fixed credit interest rate, at end of period, new credit interest rate is set.
I.e. a rate that will change periodically by applying agreed index or another indicator used to calculate variable part of variable credit interest rate.
In said case, annual total cost of credit rate is calculated on assumption that at the end of period of validity of fixed credit interest rate, credit interest rate will be same as the credit interest rate at time of calculating annual rate of total credit price.
That, calculated per agreed index or other indicator used in calculation of variable part of variable credit interest rate, but not lower than fixed credit interest rate determined in initial period of the credit interest rate.
Effectiveness
The resolution enters into force on May 1, 2025.
Regulators
LTH CB; LTH PRL
Entity Types
Bank; CNSM; Corp; MG Orig
Reference
OG 20353, 11/22/2024; Res 03-145, 11/21/2024; Res 03-178/2016
