The average contractual life decreased to 199 months from 205 months. The amount of outstanding mortgage loans grew slightly in April. So far, relatively low funding costs have helped to compensate for the squeeze on lending margins, but it cannot be assumed that this situation will persist. Mortgage loans to corporate clients are excluded from the survey. Gross new loans made refer to mortgage loans which are actually drawn down during the month.
New loans approved refer to mortgage loans which are approved during the month.
The loans can either be drawn down in the same month or in the following months. This figure will have implications for the amount of gross new loans made in the following months. Mortgage loans are classified as overdue when an instalment payment is overdue for more than 3 months and remains unpaid at the last day of the reporting month. The delinquency ratio is the weighted average of the ratio of the total amount of overdue loans over the total outstanding mortgage loans. Only the portion of loans granted by banks are reported in the survey.