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Ukrgasbank issues UAH 750 mln of mortgage loans since early 2021
KYIV. Aug 27 (Interfax-Ukraine) – State-owned Ukrgasbank (Kyiv) has issued mortgage loans for UAH 750 million since the beginning of 2021, including UAH 655 million at a rate below 10% per annum, the bank’s press service said on Friday.
The bank issued 691 loans for UAH 562 million taken with the purpose of the purchase of housing in the secondary market, and 172 loans for UAH 59 million in the primary market.
In January-August of this year, the bank received 4,743 applications for mortgages.
Since the beginning of the Affordable Mortgage 7% program, Ukrgasbank has issued 142 loans for UAH 134 million, 90% of them in the secondary market, the bank said.
JSB Ukrgasbank was established in 1993. The state, represented by the Ministry of Finance, owns 94.9409% of the shares of the financial institution.
According to the National Bank of Ukraine, as of June 1, 2021, Ukrgasbank ranks fourth in terms of total assets (UAH 133.5 billion) among 73 banks operating in the country.