BUSINESS INFORM №6-2016

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Section: Finance, Money Circulation and Credit
UDC 336.71
Ostapyshyn T. P.
Restructuring the Debts on Mortgage Loans in Foreign Currency: Realities and Ways to Solutions (p. 210 - 214)
The article is concerned with searching possible solutions (in the context of devaluation of the national currency) to the problem of settlement of mortgage loans provided to natural persons by banks of Ukraine in foreign currency. The major trends of development of the bank mortgage lending to natural persons for the purchase of housing in Ukraine have been analyzed. Reasons for the increase in outstanding debt on these credits has been substantiated, as well as the need for the debt restructuring, involving three parties: banks – lenders, borrowers – natural persons, and the State, represented by the National Bank of Ukraine. The basic parameters of such restructuring have been determined. The article proposes a debt restructuring mechanism by means of changing the currency of commitments and partial cancellation of debt of natural person that has arisen due to devaluation of the national currency. It is recommended to minimize the losses on the part of creditor at the expense of soft refinancing by the National Bank the banks – lenders; to use on the part of banks – lenders the reserves on loans in proportion to the maturity of the restructured loan, and selling the national currency to the banks – lenders at a fair rate, which is used for the restructuring.
Keywords: bank mortgage loan provided to natural person; housing mortgage loan; restructuring debt on a mortgage loan in foreign currency
Tabl.: 4. Bibl.: 11.

Ostapyshyn Tetiana P. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Banking, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Ostapyshyn, Tetiana P. (2016) “Restructuring the Debts on Mortgage Loans in Foreign Currency: Realities and Ways to Solutions.” Business Inform 6:210–214.

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