PrJSC “Ukrainian Financial Housing Company” (Ukrfinzhytlo), which manages the state program “eOselya”, increased its assets by 54% to UAH 93.76 billion in 2024.
According to the company’s annual financial statements posted in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its revenues increased by 25.7% last year to UAH 10.3 billion, while expenses increased 2.7 times to UAH 2.73 billion.
The company’s retained earnings at the end of 2024 amounted to UAH 9.5 billion.
As of December 31, 2024, financial investments in the company’s securities amounted to UAH 68.9 billion, and loans for UAH 12.9 billion were received. The company’s net profit increased by 5% to UAH 6.2 billion.
In 2024, Ukrfinzhytlo reportedly issued UAH 14.4 billion in loans to partner banks to finance the eHouse program, including by quarter: first quarter – UAH 3.7 billion; second quarter – UAH 4.3 billion; third quarter – UAH 3.3 billion; fourth quarter – UAH 3 billion.
In addition, in 2024, the company paid UAH 3.3 billion in favor of the state to the budgets of all levels and other target funds in the form of taxes, fees and other mandatory payments.
“Ukrfinzhytlo also plans to distribute UAH 1.87 billion in dividends from its net profit for 2024 to the state budget.
As reported, the eOselya affordable mortgage lending program was launched in Ukraine in October 2022. Contract servicemen of the Armed Forces of Ukraine, employees of the security and defense sector, healthcare workers, teachers, and scientists can apply for a preferential mortgage at 3% per annum for up to 20 years with a down payment of 20% of the cost of housing. Starting from August 1, 2023, war veterans, combatants, internally displaced persons (IDPs) and citizens who do not own housing exceeding the standard area can apply for the eHouse program at a 7% interest rate.
Under the terms of the program, privileged categories of participants can buy housing in a house under construction and houses not older than 10 years (in the capital and regional centers), while other participants can buy housing in a house not older than three years or a building under construction. IDPs can participate in “eHouse” at 7% per annum and purchase housing less than 10 years old or under construction throughout Ukraine, where the program operates.
The Cabinet of Ministers of Ukraine amended the terms of eHouse by Resolution No. 939 of August 16. In particular, starting from September 19, eRestoration certificates can be used as a down payment for the purchase of housing under eHouse, property rights to private houses under construction can be purchased, and interest rates have been increased after 10 years of loan servicing. Starting from October 19, the down payment for young people under the age of 25 was reduced (from 10%).
The program involves 11 partner banks: state-owned Oschadbank, PrivatBank, Ukrgasbank, Sens Bank, Sky Bank, Credit Dnipro Bank, Globus Bank, Tascombank, Bisbank, and Radabank.
In total, as of May 1, 16,600 families have become homeowners since the launch of the eHouse preferential mortgage program in 2022, with the total amount of loans received amounting to UAH 27.302 billion.
