OREANDA-NEWS. October 04, 2012. In the 3rd quarter of 2012, twice as many people took advantage of the credits supported by the State Mortgage Institution (STI) in comparison with 1st half-year. This dynamics proves the program efficiency and represents the demand for it from banks and the public.

This was announced during an interview with Valentyn Rybachuk, Chairman of the Board of the State Mortgage Institution.

He informed that in the 3rd quarter, the State Mortgage Institution has refinanced 820 loans worth about UAH 200 million. Thus, only in July-September, the STI has refinanced 449 mortgage loans totalling UAH 105.7 million, more than half of the total number of loans refinanced by State Mortgage Institution for the current year.

Another about 300 mortgage loans totalling UAH 65 million, granted by banks to purchase housing under the SMI requirements, are drafting and negotiating contracts of their refinancing.