The city of Odesa in June this year attracted five-year loans from the state-owned Oschadbank, Ukreximbank and Ukrgasbank for a total of UAH 1.2 billion, and the cities of Lviv, Novomoskovsk and Khmelnytsky – three more five-year loans for UAH 350 million.
According to the information of the Ministry of Finance on its website, apart from Khmelnytsky, all loans were obtained at a floating rate pegged to the key policy rate of the National Bank of Ukraine.
In the case of Odesa, the loan price was the NBU key policy rate + 4.5%: Oschadbank and Ukreximbank each allocated UAH 450 million, and Ukrgasbank – UAH 300 million.
Lviv managed to attract funds the cheapest of all – UAH 220 million from Ukrgasbank at the NBU key policy rate + 2.5%, while the smaller city – Novomoskovsk (Dnipropetrovsk region) raised UAH 70 million from Ukreximbank at the NBU key policy rate + 5.3%.
Khmelnytsky was able to get UAH 60 million from Ukrgasbank at 11.9%.
The volume of mortgage lending in April 2021 amounted to UAH 789.1 million, which is a third more than in March and 10 times more than in April 2020, when the issuance of new mortgage loans almost stopped, according to the results of the National Bank of Ukraine (NBU) survey of banks.
According to the NBU on Wednesday, 997 agreements were concluded in April, which is a third more than last month and 7.1 times more than in April last year.
The NBU noted that in general, over the four months, banks issued 2,808 mortgage loans totaling UAH 2.2 billion, which is 2 times more in terms of the number of agreements and almost 3 times more in monetary terms compared to the corresponding period last year.
According to the survey, 90% of mortgage agreements in April were drawn up with five banks, which indicates the concentration of the mortgage lending market.
The NBU said that in April, the volume of loan issuance for the purchase of primary real estate increased by 1.5 times, to UAH 43.2 million, and secondary real estate – by a third, to UAH 168.5 million.
According to the results, the secondary housing market continues to dominate significantly in terms of the number and volume of lending, in particular, the share of mortgage agreements for the purchase of housing in the secondary market in February amounted to about 87% in terms of all new loans.
It is indicated that the average amount of a loan for the purchase of housing continues to grow and in April it amounted to UAH 791,000, including the average amount of a new mortgage loan for the purchase of primary real estate in the reporting month amounted to UAH 925,000, and secondary real estate – UAH 771,000.
According to the central bank, in April the average effective rate of a mortgage loan in the secondary market fell to 13.5% compared to 14.0% in March, and in the primary market it remained at about 17.4%.
The authorized banks issued 512 loans under the Affordable Loans 5-7-9% program for UAH 1.6 billion over the past week, and in general, from the start of the program, the number of loans exceeded 18,100 for a total of UAH 47.5 billion.
As reported on the website of the Ministry of Finance, out of 31 banks participating in the program, the leaders in issuing loans are PrivatBank (agreements for UAH 4.4 billion), Oschadbank (for UAH 4.9 billion) and Raiffeisen Bank Aval (UAH 8.95 billion).
Authorized banks over the past week issued 592 loans under the Affordable Loans 5-7-9% program for UAH 1.9 billion, and in general, from the start of the program, the number of loans exceeded 17,600 for a total of UAH 45.9 billion.
The Ministry of Economy reported on the website that UAH 1.3 billion of the total amount of contracts concluded last week are loans to replenish working capital at 0%, UAH 480 million are loans to refinance the previously issued loans, and the amount of investment loans totaled UAH 194 million.
The Ministry of Finance, in turn, noted that out of 31 banks participating in the program, the leaders in issuing loans are PrivatBank (5,800 agreements for UAH 4.2 billion), Oschadbank (almost 2,400 agreements for UAH 4.5 billion), and Raiffeisen Bank Aval (1,900 loans for UAH 8.7 billion).
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.
State-controlled Oschadbank (Kyiv) issued loans for a total of UAH 2.6 billion in January-May 2021, which is 2.6 times more than in the same period in 2020 (UAH 1.1 billion), the press service of the bank said.
According to the report, over the five months of 2021, the loan portfolio issued by the bank to micro, small and medium-sized businesses increased by UAH 1.2 billion, or 20.7%, to UAH 7 billion.
As noted by the press service, the growth of the portfolio is due, inter alia, to the active participation of Oschadbank in various programs to support entrepreneurship, in particular in the Affordable Loans 5-7-9% state program.
In addition, the number of partnership programs of Oschadbank with manufacturers of equipment and plant protection products has reached 230, the report says.
Oschadbank was founded in 1991. Its sole owner is the state.
According to the statistics of the National Bank, as of March 1, 2021, in terms of total assets (UAH 279.702 billion) Oschadbank ranked second among 73 banks operating in the country.
