Mortgage lending grew by 11.5% in 2020 – NBU Governor

Mortgage lending grew by 11.5% in 2020 – NBU Governor

Ukrinform
Mortgage lending in Ukraine grew by 11.5% in 2020 compared to 2019, whereas the mortgage rate decreased by 6 percentage points, according to Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko.

"In the second half of 2020, mortgage lending accelerated. The overall increase in mortgage lending in 2020 totalled 11.5%," Shevchenko said during the All-Ukrainian Forum "Ukraine 30. Infrastructure" on February 22, an Ukrinform correspondent reported.

According to the NBU Governor, last year the interest rate on mortgage loans decreased by more than 6 percentage points, from 19% to 12.8-16% per annum, depending on the objects of lending. Shevchenko explained that lending rates of the primary and secondary real estate market differ because the primary market is more risky. Currently, 85% of loans are issued for secondary housing.

iy


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

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-