Banks stop issuing home loans

Belarus's biggest banks suspended issuing home loans.

BelTA learnt it from banks.

Belagroprombank has suspended giving loans for buying real estate. The bank's call centre says new lines of credit for homes are unavailable, but customers can use the existing lines of credit.

Other big Belarusian banks, in particular Bank BelVEB, Belinvestbank and Belgazpombank, say issuing all loans was suspended on December 19, 2014.

BPS-Sberbank continues to give home loans, but interest rates have been raised to 60% today.

Belarusbank was reported on January 12 to have suspended real estate lending. The information was posted on the bank's official website. The bank refuses to comment on the situation and explain the reasons.