Talk about mortgages and affordable housing are unworthy of power

26.10.2013 00:00
Articles about real estate | Talk about mortgages and affordable housing are unworthy of power According to the Association of Ukrainian banks (AUB), the actual priority in the activities of Ukrainian banks was the financing of the government, not the economy. With the beginning of the year to September, the debt of the government on bonds before комбанками increased by 43.7%, from 61.1 to 87.9 billion UAH. Compared with 2008 growth of 5 times. And the debt of the government on bonds before the NBU increased over this period by 36%, with 100,1 to 136 billion UAH. With 2008 growth - 15 times.

«While mortgage loans for the purchase and construction of real estate make up only 38% of their volume in 2008 and continued to fall for 8 months. so the (fall of 7%), the volume index of construction and installation works amounted to 1990, 8%, talk about mortgages and affordable housing are unworthy «трепотекой» power.

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On this background the beginning of increase in consumer credits with inherent risks for both parties. Lending to the population since the beginning of the year to October increased by 3%or by UAH 5.4 billion. Especially it concerns the crediting of pensioners and youth. This is mainly consumer loans, with interest rates of 26% and higher», - the press release says AUB.

«The devaluation of the hryvnia really is a real threat for the country, households, and banks. Her roots are in the balance of payments and international reserves of the NBU. What power is turned rate and inflation of the tools on the objectives of economic policy, could not lead to cooling and fall of the economy, falling budget revenues, the growth of external debt and the melting of the foreign exchange reserves,» - assured the organization.

Finance.UA 
Content tags: Mortgages
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