Previous macroprudential restrictions on households lending

Pursuant to the Macroprudential Supervision of the Financial System Act (Official Gazette of the Republic of Slovenia, No. 100/13), on 30 August 2016 the Governing Board of the Bank of Slovenia approved the introduction of macroprudential instruments for the real estate market in the form of recommendations to banks:
Macroprudential recommendation for housing loans, 30 August 2016

 

On 19 June 2018 the Governing Board of the Bank of Slovenia amended the Macroprudential recommendation for housing loans. The new wording that entered into force on 1 October 2018 altered the definitions of certain terms, such as housing loan and real estate value. The new wording additionally emphasised that the DSTI captures the total debt servicing costs for all borrowers, and not only the servicing of the housing loan:
Macroprudential recommendation for housing loans, 19 June 2018

 

On 22 October 2018 the Governing Board of the Bank of Slovenia extended the Macroprudential recommendation for housing loans of 19 June 2018, and renamed it the Macroprudential recommendation for household lending. The recommendation with regard to the DSTI was extended to consumer loans, to which a maximum recommended maturity was also applied.
Macroprudential recommendation for household lending, 22 October 2018

 

On 3 September 2019 the Governing Board of the Bank of Slovenia took the decision to change the Macroprudential recommendation for household lending of 22 October 2018 into binding macroprudential restrictions. The Regulation on macroprudential restrictions on household lending has been in force since 1 November 2019, and sets a cap on DSTI for housing loans and consumer loans, a maximum allowed maturity for consumer loans, and a maximum level of deviations (exemptions) from these restrictions. The requirement with regard to LTV remains in the form of a recommendation:
Regulation on macroprudential restrictions on household lending, 3 September 2019.