Caretaker Finance Minister Michal Horvath (on the photo) stated that there is no necessity for broad measures to aid borrowers facing higher mortgage payments due to rising interest rates. He shared this perspective following discussions among the Finance Ministry, Slovakia's central bank (NBS), and the Slovak Banking Association (SBA) about the current mortgage market situation. Horvath emphasized that the majority of bank clients should manage the increased payments, and banks themselves can assist clients facing risk on a case-by-case basis. Although more challenging cases might arise, Horvath noted that banks possess mechanisms to handle such situations without causing undue hardships. He suggested that significant state intervention would be counterproductive at this point. According to NBS data, approximately half of mortgages, around 350,000, are projected to experience higher payments by the end of 2025, impacting about 13% of all households in Slovakia.
Source: TASR
