The National Bank of Ukraine has unveiled a new strategy focused on improving the mortgage lending system and increasing housing accessibility for citizens.

This was reported by the NBU press service.

The key objectives of the strategy include:

• reducing risks through the introduction of a mass insurance product for covering wartime risks and enhancing legislation in the construction of residential real estate;
• ensuring transparent and accessible lending by modernizing state support models and information disclosure standards in line with EU norms;
• strengthening creditor rights protection by updating procedures for resolving problematic debts.

"Moreover, further development of mortgage lending will require the implementation of securitization mechanisms and the issuance of covered bonds into Ukrainian legislation," the statement reads.

The execution of the measures outlined in the mortgage lending strategy is entrusted to the National Bank, the government, and the National Securities and Stock Market Commission.

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