The National Bank of Ukraine has unveiled a new strategy focused on improving mortgage lending and making housing more accessible for citizens.

This was reported by the NBU press service.

The key objectives of the strategy are:

• reducing risks through the introduction of military risk insurance and enhancing regulatory frameworks in housing construction;
• ensuring transparent and accessible lending by improving state support models and information disclosure standards in line with EU norms;
• strengthening creditor rights by updating procedures for dealing with problematic debts.

“Furthermore, the continued growth of mortgage lending will be supported by the development and implementation of securitization and covered bond issuance into Ukrainian legislation,” the statement reads.

The implementation of the measures outlined in the mortgage lending strategy falls on the National Bank, the government, and the National Securities and Stock Market Commission.

The Verkhovna Rada also plays a crucial role in ensuring the necessary amendments to existing legislation are made.