Friday, March 25, 2011

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The financial sector closed in January to 5.388 million euros less mortgage balance from December, resulting in a decrease of 0.50% while it reduced its balance 24.144 million annual rate, bringing the total balance of 1.071 billion, a figure that includes 197.424 million euros of mortgage assets securitized into balance.

Of the total, 566.029 million euros corresponded to the savings, resulting in a reduction of 6.58% over twelve months ago, banks 418 657 000 (+4,10%), 70.911 million in cooperative credit (-0.39%) and 15.856 million credit to financial institutions (-2.77%).

Savings banks bring together most of the mortgage balance and recorded a significant decline both year on year (EUR 39.888 million) and monthly rate, with a loss of 11,550 million (2%).

For its part, the total outstanding balance of securitized mortgage assets - the conversion of loans into bonds for resale - was established in January at 214.508 million euros, 0.94% less than the same month the previous year.

the total, banks accounted for 99.936 million (-0.09%) to 90.315 million boxes (+1,15%), 15.897 million credit cooperatives (-8.85%) and 8,360 million to financial institutions credit (-14.56%).

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