Rating of the most profitable bank’s offers on mortgages on the secondary market was published in “Kontrakty” business weekly (# 38 as of 19.09.2011). Mortgage offer from Piraeus Bank in Ukraine was recognized as one of the most advantageous offer on the market.
Now Piraeus Bank offers mortgage loans on the secondary market with rate 16-16,5% per annum in hryvna (rate depends on the down payment) for the tenor of up to 20 years and the possibility of early repayment without penalties. Minimum down payment amounts to 30% of the cost of housing.
Customers can choose either standard or annuity method of repayment. The upfront fee is 1,5% and is paid only once, there are no other commissions or hidden fees.
"Mortgage lending is a priority area in the retail business of Piraeus Bank, therefore we offer attractive conditions for individuals wishing to purchase real estate, as well as beneficial cooperation programs for real estate agencies - Dmitry Musienko, Piraeus Bank in Ukraine member of the Management Board and Director of the branch network department, said. - In addition to standard mortgage lending, Piraeus Bank also offers several special credit programs established together with developers, with preferential interest rates on loans (12% per annum)”.
Dmitry Musienko, Piraeus Bank in Ukraine member of the management board, director of the branch network department: "Mortgage lending is a priority area in the retail business of Piraeus Bank in Ukraine"
There are already four such programs at the moment: for purchasing houses in village towns near Kiev, and for purchasing apartments in new residential complexes in Kharkiv. “Piraeus Bank plans to further increase the number of such cooperation programs with developers”, - Dmitry Musienko added.
Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 57.7 bln and total equity of EUR 3.5 bln (as of 30.06.2011). Established in 1916, Piraeus Bank today has presence in Greece, Ukraine, Romania, Bulgaria, Albania, Egypt, Serbia, Cyprus as well as in the world financial centres of New York and London. Piraeus Bank S.A. leads Piraeus Bank Group, which consists of 10 banks and 21 companies covering the entire range of financial services.
In Ukraine Piraeus Bank provides a full range of banking services to individuals, small and medium enterprises and corporate clients. Business lending and mortgages are the bank’s priorities.
Piraeus Bank is a member of Association of Ukrainian Banks, Forum of Leading International Financial institutions (FLIFI) participant of the Fund of Guaranteeing the Deposits of Individuals. The Bank is also included in the list of banks authorized by the Pension Fund of Ukraine to make payments of pensions and financial assistance.
Piraeus Bank has the highest rating of deposits reliability provided by “Credit-Rating” Agency (grade “5”; last update took place on 06.09.2011), that shows the bank's capacity to make payments on existing deposits timely and in full. The Bank has «uaA» long-term credit rating with the forecast "stable" provided by “Credit-Rating” (updated on June, 21 2011). This long-term rating belongs to the group of investment ratings that is one of the highest ratings given to banks operating on the Ukrainian market.
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