OREANDA-NEWS. Today the basic source of funding of Hryvnyas credits for banks is based on Hryvnyas deposits, reported the press-centre of VAB Bank.

The general expectancy is that until the end of year there will be no reduction in the rates of deposits. This means that the credit rate on mortgages will remain stable.

AS to the new tools of funding in Hryvnyas, in the last 3 months a great deal was done by the Public mortgage institution (PMI) to give banks the possibility of funding mortgage credits in Hryvnyas at rates comparable with those in foreign currencies. It is possible to expect that the cooperation by the banks with PMI will enable them to offer credits in Hryvnyas at rates comparable with currency credits, at a level of 12-14 % p.a.

But one cannot expect in the next year, on the basis of the known data to a big drop in the mortgage rates in Hryvnyas, the head of the department of retail business of VAB Bank Andrey Repko knows.