The Rada supported the bill on securitization: they want to launch a new system of affordable lending in Ukraine

Finance Committee recommends adopting document to help banks attract more funds for mortgages and business loans

The Verkhovna Rada Committee on Finance, Tax and Customs Policy has recommended that the parliament adopt draft law No. 15172 on securitization and covered bonds as a basis.

This was reported by the head of the Finance Committee, Danylo Hetmantsev.

According to him, the document should introduce in Ukraine modern financial mechanisms that have long been operating in EU countries and allow banks to more effectively attract resources for lending to the population and business.

The draft law provides for the introduction of a securitization mechanism and covered bonds – instruments that allow for partial distribution of credit risks between investors and financial institutions. It is expected that this will help banks to issue “long” loans more actively, including mortgages.

Danylo Getmantsev stated that the adoption of the document could be one of the key steps in implementing a large-scale affordable housing program for Ukrainians.

According to the authors of the initiative, new financial instruments should also make the Ukrainian market more stable, transparent, and attractive to investors.