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The National Bank of Ukraine is concerned about the accumulation of a significant amount of collateralized property on the balance of banks

Business
22.05.2018

The National Bank of Ukraine is concerned about the accumulation of a significant amount of collateralized property on the balance of banks, recovered on account of non-working loans. This was stated by the Deputy Head of the NBU board, Ekaterina Rozhkova. According to Rozhkova, the regulator intends to encourage banks to sell them as soon as possible.

Yury Kravchuk, the Head of Property Management Department, PJSC "MTB BANK":

- The recovered collateralized property is often a "headache" for banks, at least for classical banks, whose activities include exclusively financial services. Non-core assets for such banks (namely for MTB BANK) bring no revenue. Therefore, the best option is to sell them as soon as possible. And MTB BANK is actively engaged in this, using various tools to speed up and simplify the process. So, when acquiring non-core assets of the bank ("property for sale"), lending and financial leasing with exclusive, preferential terms are applied. Under the program for lending for such transactions, the interest rate is 10% per annum, the loan term is up to 5 years, the down payment is not less than 30% of the selling price. Under the financial leasing program, the interest rate is 10% per annum, the term of leasing is up to 5 years, the down payment is not less than 25% of the selling price. Such conditions, of course, contribute to increasing the sales and expanding client’s demand.

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