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Piraeus Bank entered TOP 5 in the ranking of State Mortgage Agency bank partners
11 June 2014

Piraeus Bank achieved 3rd and 4th positions in the ranking of SMA bank partners in May 2014, the total amount of which equals 120. Thus, the Bank entered TOP-3 banks in terms of volumes of mortgage loans and TOP-4 in terms of amount of deals. Along with Piraeus Bank TOP-5 banks in terms of volumes of mortgage loans includes Ukrgazprombank, Radikalbank, Private Bank and Bank Cambio. With a complete list of banking institutions that entered the rating, you can visit the State Mortgage Agency website.

Piraeus Bank successfully cooperates with SMA since 2012 and offers the best loan conditions today. While applying for a loan, the client has the ability to receive loan for the purchase of real estate with a fixed interest rate of 16% per annum for the entire loan term of 5 to 20 years with down payment of 30% of property value. There are no hidden or additional fees. Along with a received a loan in Piraeus Bank you get European and high level of service quality.

From the beginning of 2014 within the program of cooperation with SMA the bank partners provided 186 loans on real estate purchase in the amount of UAH 43.3 mln.

The main purpose of the SMA is to refinance mortgage loans with the funds received from the placement of bonds and stimulate the development of the mortgage market. Securities issued by SMA provides 100% state guarantee that can be taken by the National Bank of Ukraine as collateral for loans refinancing.

To get acquainted with detailed information and conditions of mortgage lending for the SMA programs, please, visit the official site