Unprofitable banks to lend at 20%

16.03.2012 00:45
Articles about real estate | Unprofitable banks to lend at 20% hryvnia, which is three times less than in December, and 7 times less than in the most "fruitful" in August - 3,4 billion UAH, said the NBU. In the financial institutions themselves tend to explain such high risks when granting consumer credits and prohibitively high interest rates.

"Many banks are cutting consumer lending, as it involves great risks, which may increase further due to the adoption of the bill N9593», - said Chairman of the Board of VAB Bank Dennis Maltsev. Another reason for the decline in consumer lending is its high cost to customers.

Related article: Floating rates will no longer reduce the cost of mortgages

"A significant increase in deposit rates in the autumn resulted in an increase and interest rates. As a result, mortgage loans, especially mortgages, in the current economic situation became too expensive for Ukrainians. The average rate on the market today amounts to about 20%, whereas it is believed that a mortgage can be a staple at a rate no higher than 15%. Mortgages are now taking except on the year when people need to just cut off the remaining amount on the sale of the old apartment and buying a new one, "- explained the head of OTP Bank's loan products Svetlana Spitsyn. She said the issue of car loans is reduced by about the same reason - because of high rates and high down payment. "And when a person is in the hands of 65-75% of the amount, it is often simply refuses dokreditovaniya a bank or takes money for a short period - no more than a year", - added Spitsyn. Bankers say that in the coming months, this trend may change as the pessimistic expectations of the market is gradually reduced, and the bankers even predict a loosening of monetary policy. Recall a recent Council began to consider the draft law "On consumer credit", which provides for the extension of rights of borrowers in dealing with banks, credit disputes.

Content tags: Mortgages
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