Finance

Banks issued $135 million in home mortgages during the first half of this year – more triple the amount of January-June 2020,

Monday, August 16, 2021

reports the National Bank of Ukraine. Spurring the flow of money, the government adopted March 1 its ‘Affordable Mortgage 7%’ program. Under this program, up to $75,000 can be loaned for up to 20 years to buy a house or apartment not older than six years. About 90% of this year’s 4,652 loans have gone to buy homes on the secondary market.

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Finance

Over the next three years, PrivatBank, Ukraine’s largest and most profitable bank, plans to cut its branches by 14%, to 1,250, and its staff by 28%, to 15,500

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By the wider measure of goods and services, Ukraine’s foreign trade eked out a small surplus during the first half.

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