New Mortgage Lending Strategy in Ukraine
The National Bank of Ukraine has unveiled a new mortgage lending strategy aimed at improving market mechanisms and increasing housing accessibility for the population.
This was reported by the NBU press service.
The main objectives of this strategy include:
- reducing risk levels through the introduction of a universal war risk insurance product and enhancing legislation related to residential real estate construction;
- ensuring accessible and understandable lending by improving state support models and information disclosure standards in line with EU regulations;
- strengthening creditor rights through the modernization of problematic debt resolution procedures.
"Furthermore, the continued development and scaling of mortgage lending will be supported by the development and implementation of securitization and issuance of covered bonds in Ukrainian legislation," the statement notes.
The implementation of the measures outlined in the mortgage lending strategy relies on the National Bank, the government, and the National Securities and Stock Market Commission.
The Ukrainian Parliament also plays a crucial role, as it must ensure the necessary amendments to existing legislation.
