UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: a mean effective rate on credit cards stands still at 76.79%

On 15 October 2012, CreditMarket Cards Index was recorded at 76.79% (an effective rate on credit cards per annum, in UAH), just as in the period from 09 July to present, against 76.35% recorded on 25 June 2012. The information is as of 15 October 2012.

Denis Rakovsky, Sales Director at KreditMarket: “Mean effective rates on credit cards are still stable at 76.79%, just as 3.5 months ago. Recall that this value increased sharply by 8.06 p. p. at the end of June and has not changed since then.

For two weeks since the last calculation two banks (Russian Standard and Credit Agricole) from our CreditMarket Cards Index list have changed their card crediting terms. Russian Standard decreased the nominal interest rate, increased the loan set-up fee and decreased the fee for cash advance through an ATM. Credit Agricole decreased the loan set-up fee to zero. However, these changes did not affect the mean effective rates on credit cards. On the whole, even recent occasional variations of card crediting terms neither change the situation, not denote any new market trends.

 

As we mentioned many times, the number of banks actively involved in crediting through credit cards is likely to decrease. In addition, there is a clear trend of restricting a circle of clients with increased credit limits, i. e. “old clients” involved in long-term relations with a specific bank (deposits, payroll cards, and successfully repaid loans).

 

As before, in the short term we expect no significant fluctuations of the mean effective rates on credit cards. In our opinion, the effective rates on credit cards may vary; however, their fluctuations will be hardly significant. It’s possible that the banks within the segment will take active competitive steps to fight for their market share, including that they may decrease the nominal rate while increasing other commission fees. However, the credit card market remains stable.

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 
30.07.2018 71.16%
30.06.2018 71.16%
10.05.2018 81.23%
10.04.2018 82.86%
12.03.2018 82.45%
14.02.2018 87.38%
16.01.2018 82.54%
19.12.2017 82.56%
11.11.2017 85.98%
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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