The National Bank of Ukraine reported that the financial sector is moving into an active phase of preparing a mass mortgage, a program that should become one of the main tools for restoring the housing market and the construction industry. The regulator specified that the new mechanism will allow banks to issue loans under more predictable conditions and with lower risks.
The NBU explains that the model will be based on long-term refinancing instruments and a risk insurance system that will allow banks to expand their mortgage loan portfolio even in a period of high uncertainty. Financial institutions are already testing internal procedures and preparing updated programs for clients.
The regulator emphasizes that demand for housing remains consistently high, and the shortage of square meters is significant, so mortgages can become a driver of market recovery. According to banks, after the launch of the new model, the number of potential borrowers may increase several times.
At the same time, the NBU emphasizes that mass mortgages will not mean a return to pre-war rates. However, the conditions should become more accessible, and the process itself should be simpler and more transparent. The final agreement on technical details is currently underway, after which banks will be able to announce specific lending parameters.
