In 2007, loans to purchase housing

Clients have the opportunity to receive a loan up to 25 years with no down payment, term of the decision on lending is reduced to 3 days. In 2007, the Bank was granted in 1611 loans to individuals to purchase housing in the amount of 270.32 mln. Markedly increased the average size of mortgage loans, compared with previous periods. For example, in 2005, the average size of a loan of 87.2 thousand UAH, in 2006 - 112,6 thousand UAH, and in 2007 - 167.8 thousand UAH. It should also be noted that in 2007, as a result of the research center of the rating information of the "Expert Ukraine" Pravex was declared the winner in the "Credit to the standard repayment schedule." To date, Pravex actively developing this segment of the credit market and among the top ten leaders of the Ukrainian banking sector. Lending to individuals for purchasing cars. The volume of lending to individuals to buy cars in 2007 increased in comparison with 2006 by 11,2%, ie, in 2007 the bank had issued 4246 personal loans to buy cars in the amount of 250.28 mln. Also increased the average size of such loans. For example, in 2006, the average size of one such loan Pravex was 54.6 thousand UAH, and in 2007 - 59 ths. The ratio of loans and credit to buy cars in 2005 - 2007 he presented in Figures 3.7 and 3.8. Increase of participation Pravex the car loan market contributed to a significant increase in the line of its loan portfolio on the program of lending to individuals for purchasing cars. Thus, the bank's loan portfolio for the program during the year rose to 108.06 mln. and was at the end of 2007, 332.70 million UAH. Category: Financial Management