UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: a mean effective rate on mortgage went up again to 26.76%

As of 11 October 2012, the CreditMarket Mortgage Index increased to 26.76% against 26.39% recorded on 26 September 2012 (a mean effective rate on mortgage loans per annum, in UAH). The information is as of 11 October 2012.

Denys Rakovsky, Sales Director at KreditMarket: “CreditMarket Mortgage Index keeps on reaching the next highest point. This time it increased by 0.37 p. p., to 26.76%. Recall that the previous highest point was recorded on 26 September 2012, during the last calculation, when this Index reached 26.39%.

For the last two weeks since the previous calculation four banks from our CreditMarket Mortgage Index list (Erste Bank, Sberbank of Russia, PUMB, Astra Bank) have changed their mortgage loan terms. This time all four banks have changed the nominal interest rate towards the increase.

In our opinion, the key rate increase factor has been stable for recent months. It is a strong deficiency of long-term monetary resources in the Ukrainian credit market. The market situation may slightly change in early November; however, the cost of long-term resources used by banks for real estate crediting is growing constantly.

In the short term we don’t see any prerequisites for CreditMarket Mortgage Index falling below the current value significantly, but a further slight growth is quite possible.”

Information

CreditMarket Mortgage Index is calculated on the basis of loans granted at 70% of a purchase price of secondary market apartments for the term of 10 years. Promotional offers and credit on forfeited pledge excluded. The redemption scheme is annuity, or in case of no proposals – a serial loan. Currency – UAH. Principal is up to UAH400, 000 (the cost of an apartment – UAH571,500).

Index Values History

DateValue 
14.02.2014 23.10%
29.01.2014 23.10%
14.11.2013 23.10%
01.10.2013 23.14%
15.09.2013 23.24%
28.08.2013 23.24%
31.07.2013 23.96%
12.07.2013 24.04%
27.06.2013 25.30%
12.06.2013 25.30%
29.05.2013 25.64%
15.05.2013 25.64%
24.04.2013 25.64%
10.04.2013 25.64%
26.03.2013 27.34%
12.03.2013 27.43%
26.02.2013 28.48%
13.02.2013 27.94%
30.01.2013 27.94%
20.12.2012 28.64%
06.12.2012 28.64%
21.11.2012 28.13%
07.11.2012 28.13%
25.10.2012 27.12%
11.10.2012 26.76%
27.09.2012 26.39%
12.09.2012 25.79%
29.08.2012 25.35%
15.08.2012 24.22%
01.08.2012 24.05%
18.07.2012 23.86%
04.07.2012 24.09%
20.06.2012 23.83%
06.06.2012 24.00%
23.05.2012 24.00%
10.05.2012 24.12%
25.04.2012 24.12%
18.04.2012 24.14%
11.04.2012 24.13%
28.03.2012 24.13%
14.03.2012 24.35%
29.02.2012 24.34%
15.02.2012 24.29%
18.01.2012 25.14%
04.01.2012 24.44%
21.12.2011 24.44%
07.12.2011 24.35%
23.11.2011 23.37%
09.11.2011 22.83%
26.10.2011 20.37%
12.10.2011 20.37%
28.09.2011 21.52%
14.09.2011 21.52%
31.08.2011 20.37%
17.08.2011 20.37%
03.08.2011 20.37%
21.07.2011 20.37%
06.07.2011 19.22%
 

 

 
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