Banks made fewest home loans in 87 months in May

The home loan market saw a 43.3 percent drop in the number of home loans granted in May, compared with May 2021, and the value of loans fell 38.6 percent, according to the Credit Information Bureau (BIK). Banks issued 13,642 loans in May; the fewest in 87 months.

BIK data shows that positive sales dynamics of housing loans, both in number and in value terms…