Friday, May 4, 2018

Banks to subsidize pre-approved housing loans. Mortgages from before March 15 can benefit


The Association of Banks (ABL) said it has asked the banks to bear the subsidy costs of already approved housing loans until the end of 2018. Loans accepted by the banks and submitted to the Central Bank (BDL) before March 15, 2018 will benefit from the banks' support.

A banking source said that an agreement has been reached between the banks and BDL in this regard. The source said that the value of these loans is estimated at around $300 million.

BDL will take over for the year 20...

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