2023-11-23T19:54:00+02:00 Economy 2024-09-15T04:54:36+03:00

Ukrainian news

Volume of mortgage loans up 33.7% to UAH 1.2 billion, number up 29.9% to 813 in September

Volume of mortgage loans up 33.7% to UAH 1.2 billion, number up 29.9% to 813 in September

Ukrainian banks in September 2023 issued 813 mortgages totaling UAH 1.2 billion.

This is evidenced by the results of a monthly survey of banks on the volume of mortgage loans provided to the population, Ukrainian News Agency reports.

It is noted that the volume of loans provided to the population in September compared to August increased by 33.7%, and the number - by 29.9%.

Preferential lending within the framework of the eOselia (eHome) program traditionally dominates in the mortgage segment.

In September, 5 banks informed about the issuance of a new mortgage, which mainly credited housing purchase in the secondary real estate market.

The weighted average effective mortgage rate fell to 7.7% in September, down from 8% in August.

In the regional context, the largest number of mortgage loans in September was issued in Kyiv and the Kyiv Region - 398 contracts were concluded for a total amount of UAH 662.4 million (55% of the total); Lviv Region (41 contracts for UAH 66.8 million), Ivano-Frankivsk Region (42 contracts for UAH 54.8 million) and Volyn Region (37 contracts for UAH 51 million).

In the October 2023 survey, 26 banks provided responses with a 95% share of the total gross mortgage portfolio at the end of 2021.

As Ukrainian News Agency earlier reported, Ukrainian banks in August 2023 issued 626 mortgages totaling UAH 900.9 million.

In 2022, the number of mortgages fell by 5.3 times to 2,009, with 2/3 of the loans issued before the outbreak of the pandemic.

Banks in 2022 issued 2,009 mortgages totaling UAH 1.96 billion.