Parliament passes bill on renewal of lending

Parliament passes bill on renewal of lending

The Verkhovna Rada of Ukraine has approved a draft law to stimulate active use of lending.

A total of 239 MPs voted for relevant bill No.6027-d on Tuesday, July 3, an Ukrinform correspondent reports.

The purpose of the bill is “to stimulate active use of lending and reduce the cost of credit resources to facilitate availability of loans to business entities and individuals”.

The law, in particular, provides for a reduction in the financial burden on borrowers; simplifying the process and reducing the costs of debtors and lenders (payers) in debt settlement through the improvement of extrajudicial tools; elimination of schemes for the illegal withdrawal of property from the creditor's encumbrance; settlement of gaps in repayment of loans in case of recognition of inheritance and a number of other issues in the process of inheritance etc.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period: