OREANDA-NEWS. February 29, 2008. According to the Ukrainian National Mortgage Association, share of JSCIB “UkrSibbank” as of the January 01, 2008 on the mortgage market made up 18,2%. Thus, the bank once again proved the leading position on the mortgage lending market with a significant breakaway as regards the figures of the competitive banks, reported the press-centre of “UkrSibbank”.

“In 2007, individuals’ loan portfolio of “UkrSibbank” topped UAH 17,8 bln. Mortgage portfolio – UAH 10.2 bln. “UkrSibbank” maintains leadership by virtue of one of the best conditions: competitive rates and long-term financing – up to 30 years. Besides, the bank offers various programs: financing of the acquisition of the residential real estate at both primary and secondary markets, of the land plots, loans for construction purposes of the private housing, consumer loans secured by real estate, refinancing of the mortgage loans originated with another bank. The bank also takes extra care to make the loans highly available. Hence, special “Star Hour” program enables the borrowers to be provided with the grace period on the principal amount and interest under the mortgage loan two times for subsequent periods of 6 months during the entire loan term”, - said Ivan Istomin, Head of Individual Business Development Department of JSCIB “UkrSibbank”.

Ukrainian mortgage market is one of the most rapidly evolving and promising: based on the figures of 2007, aggregate ratio of the market growth was equal to 110% and reached UAH 57,2 bln.