The National Bank of Ukraine has announced new initiatives in mortgage lending aimed at enhancing housing accessibility for the population.

According to the NBU press service, the strategy's key priorities include:

• reducing risks by introducing a comprehensive military risk insurance product and improving legislative standards in construction;
• ensuring clear and accessible lending conditions through the enhancement of state support and information disclosure standards in line with European norms;
• strengthening creditor rights by updating procedures for managing problematic debts.

“Moreover, the further development of mortgage lending will necessitate the integration of securitization mechanisms and the issuance of covered bonds into Ukrainian legislation,” the official statement reads.

Implementation of the planned measures for mortgage lending development is entrusted to the National Bank, the government, and the National Securities Commission.

The role of the Verkhovna Rada will also be crucial as it is to introduce necessary amendments to existing laws.