{"id":51737,"date":"2024-09-19T09:03:22","date_gmt":"2024-09-19T07:03:22","guid":{"rendered":"https:\/\/www.fma.gv.at\/hochwasserschaeden-kredite-fallen-nicht-unter-kim-v\/"},"modified":"2024-09-23T13:10:02","modified_gmt":"2024-09-23T11:10:02","slug":"flood-damage-loans-not-in-scope-of-kim-v","status":"publish","type":"post","link":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/","title":{"rendered":"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V)"},"content":{"rendered":"

Following the recent storms across large parts of Austria, a large number of owners of houses and flats have suffered massive flood and storm damage. Restoring habitability of affected properties, will be an enormous task for the entire country in the coming months. In light of this situation, the Austrian Financial Market Authority (FMA) advises that loans taken out for renovations following natural catastrophes that are exclusively intended for restoring the habitability of the borrower’s own principal residence, do not fall in the scope of application of the Regulation on Real Estate Financing Measures in Credit Institutions (KIM-V; Kreditinstitute-Immobilienfinanzierungsmaßnahmen-Verordnung<\/span>), which serves to limit systemic risk arising from real estate financing. The additional criteria for granting loans and reportting requirements prescribed in the Regulation, are therefore do not apply to such financing arrangements.<\/p>

Background information about the KIM-V:<\/h2>

The FMA issued the KIM-V in 2022, based on recommendations made by the Financial Market Stability Board (FMSG; Finanzmarktstabilitätsgremium<\/span>). It is intended to mitigate risks to financial market stability that have arisen as a result of the decoupling of property prices over the past decade in conjunction with deteriorating lending standards.<\/p>

Journalists may address further enquiries to:<\/h2>

Boris Gröndahl (FMA Media Spokesperson)<\/p>

Telefon: +43 (1) 249 59-6010 <\/a><\/p>

Mobil: +43 676 8824 9995<\/a><\/p>

E-Mail: boris.groendahl@fma.gv.at<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Loans taken out for renovations following flood damage not in the KIM-V’s scope of application<\/p>\n","protected":false},"author":60,"featured_media":51736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[80],"tags":[],"class_list":["post-51737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"yoast_head":"\nLoans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V) - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V) - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Loans taken out for renovations following flood damage not in the KIM-V's scope of application\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-19T07:03:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-23T11:10:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2024\/09\/Hochwasser.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Plank-Bachselten\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Plank-Bachselten\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/\"},\"author\":{\"name\":\"Alexander Plank-Bachselten\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/c31b8cb77885775e776264ed40e1be4c\"},\"headline\":\"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V)\",\"datePublished\":\"2024-09-19T07:03:22+00:00\",\"dateModified\":\"2024-09-23T11:10:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/\"},\"wordCount\":252,\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Hochwasser.jpg\",\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/\",\"name\":\"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V) - FMA \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Hochwasser.jpg\",\"datePublished\":\"2024-09-19T07:03:22+00:00\",\"dateModified\":\"2024-09-23T11:10:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Hochwasser.jpg\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Hochwasser.jpg\",\"width\":1320,\"height\":440},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/flood-damage-loans-not-in-scope-of-kim-v\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"name\":\"FMA \u00d6sterreich\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\",\"name\":\"FMA - Finanzmarktaufsicht\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"width\":400,\"height\":400,\"caption\":\"FMA - Finanzmarktaufsicht\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/FMA_AT\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/person\\\/c31b8cb77885775e776264ed40e1be4c\",\"name\":\"Alexander Plank-Bachselten\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g\",\"caption\":\"Alexander Plank-Bachselten\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V) - FMA \u00d6sterreich","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/","og_locale":"en_US","og_type":"article","og_title":"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V) - FMA \u00d6sterreich","og_description":"Loans taken out for renovations following flood damage not in the KIM-V's scope of application","og_url":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/","og_site_name":"FMA \u00d6sterreich","article_published_time":"2024-09-19T07:03:22+00:00","article_modified_time":"2024-09-23T11:10:02+00:00","og_image":[{"width":1320,"height":440,"url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2024\/09\/Hochwasser.jpg","type":"image\/jpeg"}],"author":"Alexander Plank-Bachselten","twitter_card":"summary_large_image","twitter_creator":"@FMA_AT","twitter_site":"@FMA_AT","twitter_misc":{"Written by":"Alexander Plank-Bachselten","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/#article","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/"},"author":{"name":"Alexander Plank-Bachselten","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/c31b8cb77885775e776264ed40e1be4c"},"headline":"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V)","datePublished":"2024-09-19T07:03:22+00:00","dateModified":"2024-09-23T11:10:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/"},"wordCount":252,"publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/#primaryimage"},"thumbnailUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2024\/09\/Hochwasser.jpg","articleSection":["Press Release"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/","url":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/","name":"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V) - FMA \u00d6sterreich","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/#primaryimage"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/#primaryimage"},"thumbnailUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2024\/09\/Hochwasser.jpg","datePublished":"2024-09-19T07:03:22+00:00","dateModified":"2024-09-23T11:10:02+00:00","breadcrumb":{"@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/#primaryimage","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2024\/09\/Hochwasser.jpg","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2024\/09\/Hochwasser.jpg","width":1320,"height":440},{"@type":"BreadcrumbList","@id":"https:\/\/www.fma.gv.at\/en\/flood-damage-loans-not-in-scope-of-kim-v\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fma.gv.at\/en\/"},{"@type":"ListItem","position":2,"name":"Loans taken out for renovations as a result of flood damage do not fall in the scope of application of the Regulation for sustainable lending standards in the financing of residential property (KIM-V)"}]},{"@type":"WebSite","@id":"https:\/\/www.fma.gv.at\/en\/#website","url":"https:\/\/www.fma.gv.at\/en\/","name":"FMA \u00d6sterreich","description":"","publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fma.gv.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fma.gv.at\/en\/#organization","name":"FMA - Finanzmarktaufsicht","url":"https:\/\/www.fma.gv.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","width":400,"height":400,"caption":"FMA - Finanzmarktaufsicht"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FMA_AT"]},{"@type":"Person","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/person\/c31b8cb77885775e776264ed40e1be4c","name":"Alexander Plank-Bachselten","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8e73dd401695c0e6318c8fe39a8867ec0b54a4b90c0907e0aec83ebc64209836?s=96&d=mm&r=g","caption":"Alexander Plank-Bachselten"}}]}},"toolset-meta":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-01 09:29:57","action":"delete","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/51737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/comments?post=51737"}],"version-history":[{"count":5,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/51737\/revisions"}],"predecessor-version":[{"id":51812,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/posts\/51737\/revisions\/51812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/media\/51736"}],"wp:attachment":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/media?parent=51737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/categories?post=51737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/tags?post=51737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}