Oschadbank will not lend to affordable housing

12.10.2010 12:29
Articles about real estate | Oschadbank will not lend to affordable housing Minister of Regional Development and Construction Vladimir Yatsuba believes that lost hope for the resumption of lending to affordable housing at acceptable interest through Oschadbank.

This was stated by Minister of Regional Development and Construction Vladimir Yatsuba in an interview with RBC-Ukraine during the X International Economic Forum in Truskavets (Lviv region)..

Related article: Prospects for the development of the mortgage in Ukraine

According to him, almost lost hope for a decision on the resumption of construction lending at reasonable interest rates through Oschadbank. "For the construction companies are now impossible to get credit in national currency. Firstly, when the bankers bought for 19% of the securities that Treasury issue, the question arises - why should they engage in construction?" - He explains.

"Chairman of the NBU Stelmakh told me that now the banks have 17 billion dollars. Liquidity. Funds may be sent to the building. But banks are not in a hurry. I turned to the ambassadors of Russia, are preparing proposals for the bank VTB," - told the Minister.

According Yatsuba, Minregionstroy preparing proposals for the construction of real estate lending in Ukraine and for the Chinese. "But the Chinese tend to give only the associated loan. That is, take the credit, but take the Chinese to produce," - he explains. - I agree on this. Because we do not have a lot of workers in the construction industry, and we are part of the project and to build such a scheme. "

Yatsuba said that not everything depends on the solvency of the people, not the nationality of the bank. "We give credit to the builders and who will provide loans to people under construction? Country builds for the money people, and once the situation changes with income, only then will the changes in housing construction", - assured Minister.
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