The bank seals the best first semester in mortgage loans since 2010

The hiring of mortgages is surprising for the bank, which has seen how loans granted until June have far exceeded expectations.The whole sector granted in the first half of this year almost 30.000 million for the acquisition of housing to individuals, a figure not seen since the end of the real estate boom, in 2010.So, the amount amounted to 37.000 million.

Specifically, according to the data of the Bank of Spain, entities have sealed loans by 29.916 millones en la primera mitad de 2021, un 35% más que en el mismo periodo de 2019 y un 60% superior al de 2020.Both years were negatively influenced by different issues.The entry into force of the new law that regulates this type of financing affected the demand in the first case, while the pandemic and mobility restrictions, in the second.

The bankers, in the last two weeks, have been highlighting the dynamism of this activity segment, although their words were less optimistic than the numbers.In all cases they have indicated that the volumes of new mortgages created at levels of two or three exercises.

Sectorial and some entities show that the behavior has been much better than the statements carried out by the first executives of the entities and figures presented.

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Among the main banks, Sabadell has registered a 28% increase compared to the 2019 and 70% concession compared to 2020, with 2.778 million;Unicaja, 126% compared to last year, to 768 million;Kutxabank, 42% and 70%, respectively, having granted its private clients 2.301 million;Bankinter, 66% and 100%, up to 3.000 million, aunque en su caso incluye la actividad de Portugal e Irlanda; y CaixaBank, del 16% frente al año anterior, al haber destinado 3.700 million.Santander and BBVA have not provided specific data on their performance.

Kutxabank and Bankinter win quota

These figures show that CaixaBank loses market share in new credits in full fusion with Bankia, and that Kutxabank and Unicaja continue with the gain and their success in their commitment to grow in this niche.The CEOXABANK CEO, Gonzalo Gortázar assured Friday that the loss of quota was not due to the effects that Bankia's absorption could have had, but rather in the commercial and aggressiveness policy in commercialleadership position, with 25% of mortgages in our country after the merger.

En el caso de Bankinter presta casi el 10% de la financiación a hogares para la compra de inmuebles, casi el doble que su cuota natural, mientras que Kutxabank concede cerca del 8%, más de tres veces de su posición global en el conjunto del sistema.

The pull of housing loans is allowing to compensate for the still low business in consumption financing that, although it begins to overcome with the end of mobility limitations, presents falls in the face of pre-covid amounts.And they also cover part of the space of the shy concession to companies after the flood of loans endorsed by the ICO after the coronavirus burst.

Pero el gran valor de las hipotecas para las entidades es la vinculación con los clientes y las comisiones futuras que cobrarán por los productos que se suelen contratar junto a estos créditos, como son seguros y fondos, además de la domiciliación de nóminas y emisión de tarjetas.

El impulso de la demanda de préstamos para la vivienda, como se refleja en los crecimientos mensuales (en junio superó los 6.000 million), se produce eso sí en un momento en el que los tipos de interés están en sus mínimos y los márgenes que obtienen los bancos por estos productos son cada vez más bajos.The average rate to which they are signing the financing has decreased to 1.6%, including linking commissions, a percentage that contrasts with 2.66% of 2010 or 3.66% of ten years ago.At the end of 2019, interest was slightly below 2%.This fall is due to the Euribor in negative, a situation that is not expected to leave until 2024 or 2025.

Fixed-vararable types

Precisely, the confirmation that it will remain installed for a long period of time anticipates, in accordance with the forecasts of some bankers, that the hiring of variable mortgages will increase soon soon.For a few years, loans at fixed rates had been climbing positions, to the point that the milestone that they were half of the total in the sectorial set in the sector set was recently recorded.And their prices have become similar.

The CEO of Sabadell, César González-Bueno, said last week that the variables re-take a certain role and, that, despite the fact that the bank has also thrown their prices to capture customers and ensure minimal income for the exercises for the exercisescoming.

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