The Bank of Israel yesterday unveiled new limitations on mortgage lending that, if backed by the bank's advisory committee on banking, will require banks to weight the most onerous loans at 100% when calculating their capital adequacy ratios (CAR).
The draft guidance was published in view of the continuing trends in the housing market, primarily the high and growing proportion of home loans in banks' credit portfolios and the "rapid increase in the volume of new mortgages," the central bank says
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