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Sunday, April 8, 2007

Short news - 2006 Ukraine mortgage figures

The volume of mortgage lending in Ukraine tripled in the past year and by the beginning of March 2007 reach USD 28 bln., said Executive Director, Head of of banking regulation department of the National Bank of Ukraine (NBU) Alexander Kireev.

According to the report, 81% of the total mortgage loan amounts, or USD 22.8 bln. are loans in foreign currency. The share of loans issued to private persons in the total amount of loans is USD 21 bln USD. "Every 4th loan is lends as mortgage", said A. Kireev.