16th International Conference "The property market: state and prospects of development, the role of professionals in its evolvement" held on May 10-13, 2012 in Yalta. The conference was organized by the Ukrainian Realtors Association (URA); during it the questions of Ukrainian real estate market, work of realtors, construction and evaluation of real estate, mortgage and insurance were discussed. Piraeus Bank became the general sponsor of the conference for the second time.
Oleksandr Gnilenko, Piraeus Bank in Ukraine Deputy Director of Retail Banking Department "Cooperation with National Mortgage Agency (NMA) should promote mortgage lending, which allow our clients to take mortgage loans at interest rate below market (up to 15% per annum)".
Today, Piraeus Bank offers mortgage loans on the secondary market and the primary market under collateral on the secondary market with loan tenor up to 20 years. Piraeus Bank also offers a number of special loan programs designed together with developers, with lower interest rates (from 12% per annum). In addition, Piraeus Bank introduced a special motivation program for real estate agencies, including the bonuses for realtors or reduced loan fee for clients of real estate agencies.
Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 49,4 bln (as of 31.12.2011). Established in 1916, Piraeus Bank today is presented in Greece, Ukraine, Romania, Bulgaria, Albania, Egypt, Serbia, Cyprus as well as in the world financial centers 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. 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 28.12.2012), 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 22.12.2011). 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.
Piraeus Bank in Ukraine Press Service
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