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In 2021, banks issued almost UAH 9B in new mortgages.

In 2021, banks issued almost UAH 9B in new mortgages.

 The National Bank of Ukraine reported that in December 2021 they issued 1,113 mortgage loans totaling UAH 990M ($35.4M). In 2021, banks issued 10,800 mortgage loans totaling UAH 8.9B ($317M). Almost 90% of the new agreements (UAH 7.5B) in 2021 were extended by five banks. Banks primarily lend for housing purchases in the secondary real estate market: the share of mortgages in this segment was about 90% of all new mortgages in 2021. Compared to 2020, new mortgage lending last year almost doubled in the number of contracts and increased 2.4 times in monetary terms, reported the NBU.

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