<< Return to countries

Europe and Central Asia

The Housing Finance System

Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

A. Primary Housing Finance Market
B. Funding Sources for Mortgages and the Secondary Mortgage Market
C. Housing Microfinance

A. Primary Housing Finance Market

A.1 Industry Structure and Performance

Variable	End of 2016	End of 2015	End of 2014	Sources	Var ID
Types of originating lenders/market share:					A.1.2
Are there (quasi) public mortgage lenders:	yes	yes	yes	National Bank of the Republic of Belarus	A.1.4
Universal/ commercial banks	yes	yes	yes	National Bank of the Republic of Belarus	A.1.4.1
Level of Non-Performing Mortgage Loans (90 days or more past due):					A.1.6
Average 1997-2007					A.1.7

A.2 Size of Mortgage Finance Sector

Variable	End of 2016	End of 2015	End of 2014	Sources	Var ID
Total amount of home mortgage loans outstanding at the end of year in millions of USD:	3,016.95 USD (millions)	2,758.12 USD (millions)	3,811.35 USD (millions)	National Bank of the Republic of Belarus	A.2.1
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)	6.18%	5.05%	5.01%	National Bank of the Republic of Belarus	A.2.1.1
and as % of all credits outstanding	13.36%	12.3%	13.02%	National Bank of the Republic of Belarus	A.2.1.2

A.3 Housing Finance Products

Variable	End of 2016	End of 2015	End of 2014	Sources	Var ID
Mortgage products as % of all mortgages (approx.) in local currency:					A.3.1
Loans based on foreign currency as % of all mortgage products	1.36%	1.67%	1.58%	National Bank of the Republic of Belarus	A.3.2
Most prevalent type of foreign currency mortgage used:					A.3.3
Most frequent interest rates on fully amortizing:					A.3.4
Typical lender fees associated with mortgage origination:					A.3.6
Typical third party fees associated with mortgage origination:					A.3.7
Loan-to-Value (LTV) on first mortgage:					A.3.8
Maximum LTV	90	90		Belagroprombank	A.3.8.1
Typical LTV at origination	80	80	90	Various commercial banks	A.3.8.2
Maximum term over which pmt is calculated?	20 years	20 years	20 years	Various commercial banks	A.3.9
Mortgage pmt-to-income ratio					A.3.10
Typical pmt-to-income ratio (HH income)			40%	Priorbank Belarus	A.3.10.3

A.4 Lending and Servicing Process

Variable	End of 2016	End of 2015	End of 2014	Sources	Var ID
Which institutions define underwriting rules?					A.4.2

A.5 Credit Risk Assessment

Variable	End of 2016	End of 2015	End of 2014	Sources	Var ID
Do credit bureaus exist?	Yes	Yes		World Bank	A.5.2

B. Funding Sources for Mortgages and the Secondary Mortgage Market

Variable	End of 2016	End of 2015	End of 2014	Sources	Var ID
What are the main funding sources for mortgages?					B.1
Retail funding (deposits/other)	primary	primary	primary	National Bank of the Republic of Belarus	B.1.1
Funding through mortgage bonds	secondary	secondary	secondary	National Bank of the Republic of Belarus	B.1.3

C. Housing Microfinance

Variable	End of 2016	End of 2015	End of 2014	Sources	Var ID
Types of lenders operating in the housing micro-finance (HMF) sector:					C.2
NGOs	yes	yes	yes	Microfinance Centre	C.2.3
Others	yes	yes	yes	Belarus News	C.2.4
Level of NPLs (>90 days past due) in HMF					C.4

Copyright © 2024. HOFINET. By using or accessing this website, you signify that you agree to the Terms of Use.
When using or citing any information displayed on this website or accompanying blog sites, you must provide a reference to HOFINET.