Business news from Ukraine

UKRAINIAN BANKS ISSUE 351 AFFORDABLE MORTGAGE LOANS

7 June , 2021  

In March-May this year, the authorized banks issued 351 loans under the Affordable Mortgage 7% program for a total of UAH 297 million, the Finance Ministry has said.
“As of May 31 of this year, authorized banks for the implementation of the Affordable Mortgage 7% program signed 351 loan agreements for a total amount of UAH 297.3 million, both on the primary [24.28%] and secondary [75.72%] housing markets,” the Ministry of Finance said in a message on its website on Monday.
According to its data, the largest number of applications comes in a regional perspective from Kyiv (36%) and Kyiv region (28%).
Over the past week, the number of issued loans increased by 15%, and the amount of loans by 17%, while the growth of applications in terms of amount and number was 7%, the ministry said.
Some 14 banks are authorized to work under the Affordable Mortgage 7% program. It has been operating since March 1, 2021.

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