UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
Russian (CIS)English (United Kingdom)
Experts
New Publication:
New Publication:
New Publication:
Publications Calendar
< 09/2017 >
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30  
 


CreditMarket Index: all types of credit for individuals got up in November, except for credits for household appliances purchase

CreditMarket Card Index increased by 8.27% in November, CreditMarket Cash Index – up 8.02%, CreditMarket Mortgage Index – up 3%, and CreditMarket Car Index – up 1.05%. So, the trend in appreciation of credits for individuals because of the growth in the cost of finance resources in Ukrainian banking system kept on. The trend appeared at the end of September-October. Besides, the first calculation in December showed a dramatic growth in CreditMarket Car Index – up 3.46% (see an article on the index calculation of December 5.)

Volodymyr Kompaniets, Operations Director at KreditMarket: «A mean effective rate for the vast majority of credits was going up in November by means of increasing nominal rates and fees. Some banks stopped working with some credit types, e.g., credit card and cash credits, at all. Secured credits – automobile and real estate credits – show a growth in their effective rates, and some banks have terminated to grant them. It’s noteworthy that some banks have not stopped to grant credits officially, but drag on decision-making or advance consciously hard requirements to borrower’s paying capacity. To my mind, a stable level of an effective rate for household appliance loans stems from pressure put by partner trade networks and from a rather small contribution of a resource constituent in a final cost of the credit.”

The following CreditMarket Indices were effective as of December 1:

Index

1 month diff., %

Current indicator (%)*

Calc. date

Previous indicator (%)*

Date of prev. calc.

Mortgage

3

23.37

23 Nov 2011

20.37

26 Oct 2011

Auto

1.05

36.66

21 Nov 2011

35.61

24 Oct 2011

Card

8.27

69.04

28 Nov 2011

60.77

31 Oct 2011

Cash

8.02

110.25

29 Nov 2011

102.23

1 Nov 2011

Consumer

0

127.04

30 Nov 2011

127.04

2 Nov 2011

* effective rate per annum, in UAH. Calculation in accordance with NBU standards.

 
Share: