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considering a bill that proposes the issuance of government domestic loan bonds for UAH 20 billion for the implementation of the Affordable Mortgage presidential program. Its adoption will in the short term provide about 8,000 mortgage loans and purchase 12,000 apartments for subsequent transfer to financial leasing.
State mortgage institution and Ukrfinzhytlo merged. On September 8 the government approved the merger of the State Mortgage Institution (engaged in refinancing mortgage loans) with Ukrfinzhytlo, which ensures the functioning of the mortgage lending market in Ukraine and introduces financial and credit mechanisms for providing citizens with housing.
Ukrainian Banks have issued UAH 690 million mortgages at 7%. As of September 13, banks have concluded 811 loan agreements valued at UAH 689.62 million within the framework of the state program "Affordable Mortgage 7%". According to the Ministry of Finance, Ukrainian banks have issued 23% of loans in the primary, and 77% in the secondary markets. The program involves 22 regions, and the most active regions in terms of loan applications last week were: Kyiv City (33.3%), Kyiv region (30.9%), Kharkiv (6.2%), Lviv (5.8%), Rivne (4.1). %) and other (19.7%) regions.
The program "Affordable loans 5-7-9%" will continue into 2022. The draft state budget for 2022 provides for 3 bln UAH ($111 mln) for the program, as reported by the Ministry of Finance on Facebook. Banks issued affordable loans worth UAH 1.3B in the last week of September: authorized banks issued 439 loans for a total sum of UAH 1.3 billion ($48 mln) under the government’s program “Affordable Loans at 5-7-9%". Since the start of the program, authorized banks have issued 24,114 loans for a total sum of UAH 63.6 billion ($2.39 bln). UAH 21.24 billion ($795 mln) was issued as refinancing of previously received loans, UAH 7.6 billion ($284 mln) was received by entrepreneurs for capital investments and UAH 34.51 billion ($1.29 bln) as anti-crisis loans.
8.1.4 Bank news
NBU provides refinancing for three banks. On September 3, 2021, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of three banks for a total sum of UAH 535.0 million at an interest rate of 9.00% per were met. The NBU is gradually phasing out anti-crisis measures to support banks: long-term refinancing and interest rate swaps. From July 1 the terms for long-term refinancing loans are be limited from five to three years. The volume of auctions was also reduced: from July - up to UAH 5 billion, from August - up to UAH 4 billion, from September - up to UAH 3 billion.
State mortgage institution and Ukrfinzhytlo merged. On September 8 the government approved the merger of the State Mortgage Institution (engaged in refinancing mortgage loans) with Ukrfinzhytlo, which ensures the functioning of the mortgage lending market in Ukraine and introduces financial and credit mechanisms for providing citizens with housing.
NBU provides refinancing for three banks. On September 3, 2021, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of three banks for a total sum of UAH 535.0 million at an interest rate of 9.00% per were met. The NBU is gradually phasing out anti-crisis measures to support banks: long-term refinancing and interest rate
52 UKRAINE Country Report October 2021 www.intellinews.com