UCBU declares that saved Ukrainian mortgage

With the support of the National Bank of Ukraine, Association "Ukrainian Credit-bank Union" failed to convince Parliament of the need to reject the bill "On amending some laws of Ukraine concerning the foreclosure on the mortgage on the basis of executive notary." Reported by the press office UCBU. UCBU noted the unacceptability of the initiative, which abolishes the possibility of treatment by banks foreclosure on the mortgage on the executive notary. After all, if approved, the real estate would have been impossible to consider as a real pledge that would increase the credit risk and led to a rise in the cost of credit resources. As noted in the message, as a result of the mortgage would be available to the public and unattractive for lenders and virtually destroyed. In addition, the approval of the bill contained the risk of increasing bad debts in banks' portfolios, which (according to official figures NBU) is 85.4 billion hryvnia or 12% of the loan portfolio of financial institutions. "Even at the stage of the bill a second reading, taking into account the arguments UCBU, National Bank of Ukraine appealed to the parliament regarding rejection of the draft as unacceptable because it limits the right of claim of the creditor bank to the debtor at the expense of a foreclosure sale. Verkhovna Rada Committee on matters of legal policy took into account the proposal UCBU, after which parliament rejected the bill, "- said General Director UCBU Galina Oliferov.