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NBB-Central Individual Credit Register: Key Developments in 2013

January 23, 2014

ENP Newswire - 23 January 2014 Release date- 22012014 - At the end of 2013, the Central had 6,251,558 people and 11,465,814 credits recorded, which represents a slight increase of 0.2% compared to 2012. During the year, 1,432,154 new loan agreements were recorded. This is especially the evolution of mortgage that is striking. With 294,785 new contracts, mortgage lending fell 8.2% compared with 2012. The decrease was most pronounced in the second half (- 18.0%) and reduces the number of new mortgage loans on an annual basis at its 2009 level. With 511,137 new contracts (+6.4% compared to 2012) credits temperament found their level of 2007-2011. Similarly, the number of new credit lines increased 3.0% to 538,038 contracts. Finally, the number of new installment sales decreased, confirming the trend of previous years. In 2013, 155,696 new defaults were recorded in the Central. This increase of 1, 8% is mainly due to an increase in the number of new arrears relating to installment loans (+5.7%) and mortgages (+4.9%). The number of failed contracts increased again: the end of 2013, there were 503,544 defaults (+4.3%) to 341,416 receivable (+ 3.4%). Significant differences were observed for different types of loans. Thus, the number of defaults increases significantly for the appropriations (+8.1%) and mortgages (+6.0%), while it decreases slightly for sales and installment loans (respectively - 0.8% and - 0.1%). The impact of the crisis remains sensitive in the Central. Since 2008, the number of arrears is increasing. The explanation, however, is not in a lower quality credits currently granted. The percentage of defaults after one year of credit agreements since 2009 is lower than the percentage of defaults after one year contracts awarded prior to the crisis. Payment difficulties facing today's consumer concern, more than in the past, older loans: 63.2% of new defaults recorded in 2013 for loans installment loans granted concern there is more a year, whereas this percentage was only 51.9% in 2008. For mortgage loans, new defects recorded in 2013 payment occur in 68.5% of cases, more than two years after the granting of credit, against 59.2% in 2008. The number of procedures in collective debt settlement increased 5.9% to $ 107,103 notice of eligibility. The courts have provided 17,678 new cases (9.8% compared to 2012). To conclude, lenders looked Central more than 13.1 million times. At the same time, 227,339 consultations were carried out by consumers wishing to consult their personal data. The 2013 statistical report of the Central Individual Credit can be found on the website of the National Bank of Belgium ( www.nbb.be ).


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Source: ENP Newswire


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