UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: a mean effective rate on credit cards increased sharply to 76.35%

CreditMarket Cards Index jumped to 76.35% (an effective rate on credit cards per annum, in UAH) The information is as of 25 June 2012.

Denis Rakovsky, Sales Director at KreditMarket: “Average effective rates on credit cards which remained stable within a month increased sharply by 8.06 p. p. to 76.35% against 68.29% in the previous month.

For two weeks since the last calculation, two banks (OTP Bank and Deltabank) from our CreditMarket Cards Index list changed their conditions for this crediting type: they decreased the nominal annual rate, the monthly credit servicing fee (Deltabank) and the fee of cash withdrawal from the credit card (OTP Bank). However, one should stress the key role was played by not only changed conditions for available credit card products, but also launch of the new product which affected the mean effective rate.

In the short term we predict that the index of effective rate on credit cards will remain unstable. The reason is that the number of banks actively involved in crediting through credit cards is likely to decrease. As a result, it strengthens the impact of all these banks on the index. At the same time, it’s possible that the rest of banks within the segment will take active competitive steps to fight for their market share, including that they may decrease the nominal rate.”

Information

CreditMarket Credit Cards Index is calculated on the basis of credit card loans not related to payroll and other similar projects. Loans provided for a term of one year without collateral. Withdrawals are made in issuer’ ATMs. Repayment is done in equal-sized payments throughout a year. Currency – UAH. Principal – up to UAH8,000.

Index Values History

DateValue 
05.10.2017 85.98%
05.09.2017 82.98%
11.08.2017 83.67%
10.07.2017 88.28%
14.06.2017 87.98%
12.05.2017 86.34%
03.04.2017 87.98%
07.03.2017 87.98%
22.02.2017 85.36%
09.01.2017 85.36%
07.12.2016 85.36%
11.11.2016 85.36%
10.10.2016 65.17%
08.09.2016 61.05%
28.08.2016 62.73%
26.07.2016 62.73%
23.06.2016 62.73%
11.05.2016 66.62%
20.04.2016 71.16%
08.03.2016 80.99%
08.02.2016 71.16%
16.01.2016 71.16%
05.11.2015 65.76%
02.10.2015 63.54%
04.09.2015 63.54%
03.08.2015 63.33%
07.07.2015 63.33%
05.06.2015 63.54%
05.05.2015 63.54%
06.04.2015 63.54%
05.03.2015 71.16%
05.02.2015 57.66%
30.01.2015 58.05%
30.12.2014 58.05%
28.11.2014 58.05%
31.10.2014 58.00%
30.09.2014 58.05%
31.08.2014 58.05%
31.07.2014 56.35%
10.06.2014 60.13%
10.03.2014 63.99%
06.02.2014 62.57%
01.01.2014 62.57%
17.11.2013 62.57%
16.07.2013 62.57%
02.07.2013 63.34%
18.06.2013 63.34%
05.06.2013 70.07%
15.05.2013 70.07%
30.04.2013 70.07%
03.04.2013 70.07%
20.03.2013 70.07%
06.03.2013 70.07%
20.02.2013 70.07%
06.02.2013 74.80%
24.01.2013 74.80%
24.12.2012 76.79%
10.12.2012 76.79%
26.11.2012 76.79%
12.11.2012 76.79%
29.10.2012 76.79%
15.10.2012 76.79%
01.10.2012 76.79%
17.09.2012 76.79%
03.09.2012 76.79%
20.08.2012 76.79%
06.08.2012 76.79%
23.07.2012 76.79%
09.07.2012 76.79%
25.06.2012 76.35%
11.06.2012 68.29%
28.05.2012 68.29%
14.05.2012 68.29%
28.04.2012 76.79%
17.04.2012 76.79%
02.04.2012 66.22%
19.03.2012 66.22%
05.03.2012 66.22%
20.02.2012 66.22%
06.02.2012 63.52%
23.01.2012 56.28%
11.01.2012 56.28%
26.12.2011 69.04%
12.12.2011 69.04%
28.11.2011 69.04%
14.11.2011 62.39%
31.10.2011 60.77%
17.10.2011 60.77%
03.10.2011 60.77%
19.09.2011 60.77%
05.09.2011 60.77%
22.08.2011 60.67%
08.08.2011 58.46%
25.07.2011 58.46%
13.07.2011 58.46%
06.07.2011 58.46%
 

 

 
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