The National Bank of Ukraine has announced a new strategy focused on enhancing the mortgage lending system and increasing housing accessibility for the population.
This information was provided by the NBU press service.
The main objectives of the strategy include:
reducing risks by creating a mass insurance product to cover military threats and improving legislation on residential real estate construction;
ensuring straightforward and accessible lending through the refinement of state support mechanisms and transparency standards in line with European norms;
strengthening creditor rights by updating procedures for addressing problematic debt.
"Furthermore, the further development of mortgage lending requires the formulation and integration of asset securitization and the issuance of covered bonds into Ukrainian legislation," the statement reads.
The implementation of the measures outlined in the strategy is the responsibility of the National Bank, the government, and the National Commission on Securities and Stock Market.
The Verkhovna Rada also plays a crucial role in this process, as it must ensure the necessary amendments to current legislation are made.
