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8.1.2 Loans
In July, Ukrainian banks increased the issuance of mortgages by 14.6%.In particular, 604 mortgage loans for UAH 878.1M were issued in July, the National Bank reported. Compared to June, the volume of loans approved increased by 16.4%, the number - by 14.6%. The key driver in the mortgage segment is preferential lending within the eOselya program. As of June, the weighted average effective rate on mortgage loans remained at 7.9%. The most July mortgage loans were issued in Kyiv and the Kyiv region with 247 contracts for UAH 422.8M (48.1% of the total volume), the Rivne region had 46 contracts for UAH 60M, the Lviv region had 32 for UAH 52.1M, and Vinnytsia with 31 for UAH 46M.
62 UKRAINE Country Report October 2023 www.intellinews.com