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Piraeus Bank in Ukraine starts mortgage lending with low fixed interest rates
16 July 2012

From now on Ukrainians can take out mortgage loans in Piraeus Bank with fixed interest rate 14.9% per annum in hryvna for the tenor up to 20 years.

«Due to co-operation with State Mortgage Agency we offer mortgage loans for apartment or house purchasing on secondary market with fixed interest rates that are much less than standard mortgage terms in Ukraine, - Oleksandr Gnilenko, Piraeus Bank in Ukraine Deputy Director of Retail Banking Department, said. – If a borrower applies to the real estate agency, which is the bank’s partner, the interest rate might be even lower – up to 14.5% per annum in hryvna».

Procedure of loan formalization for purchasing an apartment or a house with a plot of land in Piraeus Bank is rather simple and transparent, without hidden fees. Thus, minimal down payment is 30% of the real estate value. Additional payments are minimal and consist of upfront fee (2%) and necessary insurance fees, including real estate insurance and accident insurance, if the borrower reached 45 at the moment of agreement’s concluding.

Oleksandr Gnilenko, Piraeus Bank in Ukraine Deputy Director of Retail Banking Department: "Due to co-operation with SMA we offer mortgage loans with fixed interest rates that are much less than standard mortgage terms in Ukraine"

“The term of the preliminary decision making is only one day even without documents on mortgage collateral. Given the full package of documents including those on mortgage collateral Piraeus Bank makes a decision on mortgage lending in 3 days, – Mr. Gnilenko underlined. – Moreover, the early repayment is possible without penalties».

The list of required documents is available at the following link.

For obtaining the mortgage loan under State Mortgage Agency co-operation program please address the Bank’s branches.

For detailed information about mortgage loans please phone the call centre: 0 800 30 888 0 (calls from stationary phones within Ukraine are free of charge).

Real estate agencies, which are not Piraeus Bank’s partners, can obtain the information about co-operation conditions at any Bank’s branch.

Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 47,5 bln and own capital 3 bln euro (as of 31.03.2012). 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 is established since 2007. The Bank is a member of Fund of Guaranteeing the Deposits of Individuals (license #25).

Net assets of Piraeus Bank in Ukraine amount to UAH 3.5 bln, share capital to UAH 1.628, regulatory capital to UAH 837 mln as of 01.06.2012.

Piraeus Bank has the highest rating of deposits reliability provided by “Credit-Rating” Agency (grade “5”; last update took place on 21.06.2012), 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 21.06.2012). 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.

The Bank is a member of Forum of Leading International Financial institutions (FLIFI), 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 in Ukraine Press Service
Kateryna Kalynovska
cell: +38(067)688-62-14
e-mail: kkalynovska{at}