UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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CreditMarket Index: a mean effective rate on credits for home appliances and electronics decreased to 129.14%

On 31 October 2012, CreditMarket Consumer Loan Index fell down to 129.14% against 139.02% recorded on 17 September 2012 (an effective rate on credits for home appliances and electronics per annum, in UAH). The information is as of 31 October 2012.

Denys Rakovsky, Sales Director at KreditMarket: “An effective rate on credits for home appliances and electronics that was keeping stable at 139.02% within a month has decreased by 9.88 p. p., to 129.14%. Recall that in late August 2012 this index reached the highest point ever (142.77%), but in a month, by the end of September, it returned to the previous value of 139.02%.

Since the previous calculation two banks (Privatbank and Delta Bank) from our CreditMarket Consumer Loan Index list have changed their terms on consumer loans. Both banks decreased the loan set-up fee to zero. In addition, Delta Bank has decreased the nominal interest rate to zero and increased the monthly loan service fee.

Despite the current decrease, CreditMarket Consumer Loan Index has been very high since the beginning of this April when it jumped from 127.04% to 139.01%. In our opinion, maintenance of the high level of this index is a result of the significant deficiency of hryvnia resources in the Ukrainian loan market, as well as high risks implied by this loan product.

In the short term we do not forecast any significant variation in the cost of loans for home appliances. The mean effective rate on credits for home appliances and electronics will keep on varying, but within a narrow range. On the one hand, the current market situation favours this segment growth, strengthening of the competition and, as a result, decreasing cost of loans. On the other hand, the preserved deficiency of resources in the market does not facilitate any rate decrease.”

Information

CreditMarket Consumer Loan Index is calculated on the basis of credits granted for the purchase of durable goods for a period of one year. Promotional offers subsidized by the sellers are excluded. No collateral. The redemption scheme - annuity, in case of no offers – a serial loan. Currency – UAH. Amount – UAH4,000.

Index Values History

DateValue 
22.02.2017 106.18%
09.01.2017 110.74%
07.12.2016 110.74%
11.11.2016 110.74%
10.10.2016 117.24%
08.09.2016 118.54%
28.08.2016 110.74%
26.07.2016 110.74%
23.06.2016 110.74%
11.05.2016 116.96%
20.04.2016 116.96%
08.03.2016 116.96%
08.02.2016 116.96%
16.01.2016 116.96%
07.12.2015 121.50%
05.11.2015 112.42%
02.10.2015 112.42%
04.09.2015 112.42%
03.08.2015 112.42%
07.07.2015 112.42%
05.06.2015 112.42%
05.05.2015 85.15%
06.04.2015 81.24%
05.03.2015 81.24%
05.02.2015 79.95%
30.01.2015 85.15%
30.12.2014 98.33%
28.11.2014 107.33%
31.10.2014 107.33%
30.09.2014 107.33%
31.08.2014 107.33%
16.06.2014 108.49%
17.03.2014 124.84%
15.02.2014 124.34%
15.01.2014 124.33%
12.12.2013 124.33%
12.11.2013 124.33%
17.09.2013 123.90%
15.08.2013 124.33%
16.07.2013 129.14%
02.07.2013 129.14%
19.06.2013 129.14%
04.06.2013 129.14%
21.05.2013 124.33%
30.04.2013 124.33%
16.04.2013 124.33%
02.04.2013 124.33%
19.03.2013 124.33%
04.03.2013 124.33%
18.02.2013 124.33%
04.02.2013 124.33%
22.01.2013 124.33%
27.12.2012 129.14%
12.12.2012 129.14%
28.11.2012 129.14%
14.11.2012 129.14%
31.10.2012 129.14%
17.10.2012 139.02%
03.10.2012 139.02%
19.09.2012 139.02%
05.09.2012 141.21%
22.08.2012 142.77%
08.08.2012 139.02%
25.07.2012 139.02%
11.07.2012 139.02%
27.06.2012 121.85%
13.06.2012 121.85%
30.05.2012 134.61%
16.05.2012 134.61%
04.05.2012 134.61%
19.04.2012 139.01%
04.04.2012 139.01%
21.03.2012 127.04%
07.03.2012 127.04%
22.02.2012 127.04%
08.02.2012 127.04%
25.01.2012 121.85%
11.01.2012 127.04%
28.12.2011 128.73%
14.12.2011 127.04%
30.11.2011 127.04%
16.11.2011 127.04%
02.11.2011 127.04%
19.10.2011 127.04%
05.10.2011 127.04%
21.09.2011 125.41%
07.09.2011 125.41%
25.08.2011 125.41%
10.08.2011 127.04%
27.07.2011 127.04%
14.07.2011 127.04%
06.07.2011 127.04%
 

 

 
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