Ukrainians are getting used to loans

Taras Kirichenko, Deputy Chairman of the Board of JSCIB “UkrSibbank”:

Ukrainians are gradually getting accustomed to loans. During the last 5 years the volumes of retail loans have grown almost 30 times, and last year the market of the retail finance grew two times. However, Ukrainian financial services market is still far from the level of the European Union, where total amount of loans usually exceeds that of GDP. Mortgage loans pledged by real estate are the most popular ones in Ukraine. UkrSibbank is one of Ukraine’s TOP-3 retail business leaders. The Bank renders loans to purchase land, residence, cars and cooperates with more than a thousand of realtors.

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The credit portfolio of the Volgograd branch of the Bank of Moscow has topped 8 billion roubles The branch is working successfully both in lending to legal entities and individual entrepreneurs, the volume of loans amounting to 5.3 billion roubles, and in the sphere of lending programmes private individuals. [Read...]