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8.1.3 Banks specific issues
Non-cash payments grew last year to 55%, more than double the level of 25% recorded in 2014, reports the European Business Association. The total volume of e-money transactions increased by 15% last year, The number ‘e-wallets’ increased by 7%, to to 79mn.
Offering a boost to residential construction, the first two mortgages were signed on March 5 under a new state program “Affordable Mortgage at 7%.” The 20-year mortgages are reserved for apartments or house that are under six years old. The maximum value of the residence is $90,000, the maximum loan size is $71,500, the down payment is 15% and the fixed rate is 7%.
The amount of money sent into Ukraine through money transfer systems increased by 19% y/y, to $2.7bn. The average amount of one transfer increased by 7%, to $393. The top sources of money coming in by money transfers were: the US, Italy, and Israel. Overall, $12.1bn was sent into Ukraine last year by informal and formal channels, estimates the central bank.
45 UKRAINE Country Report April 2021 www.intellinews.com
