Banks reduce the supply of ‘green’ mortgages and loans for sustainable vehicles
In the last year, banks have reduced their offer of mortgages classified as ‘green’as well as credits intended to purchase sustainable vehicles, according to a report prepared by the group of financial users Asufin.
Specifically, The banking offer has gone from 26 to 19 products. Their interest rates have been reduced on average by 0.96 percentage points, going from 4.74% on average to 3.78%. Asufin has indicated that this decrease is less than the Euribor, which has fallen by 1.06 points.
The main impetus for the reduction is in mixed mortgages, which had barely moved last year and which now they drop sharply from 5.19% to 3.33%, 1.86 points less. The variables follow, which go from 4.86% to 3.97%, but the fixed ones barely decrease, with a drop of 0.13 points.
Regarding the offer, in fixed mortgages the number goes from six references to four. In variable mortgages the drop is even greater, going from 13 to nine products, the same as two years ago.
‘Green’ loans for vehicles follow the same trend as mortgages and see their offer reduced, going from 12 products to ten, although they continue to lower their interest rate, which goes from 6.87% to 6.64%below the average for loans of more than five years.
Asufin’s study also covers green investment, from the investor’s point of view. 75.7% consider this criterion important when choosing their investments. “The difficulty lies in what is considered sustainability and the effort of investment product marketers, especially investment fund managers, to offer clear information about what they invest in and what the environmental policies of these companies are,” warns Asufin.
