Banks increase interest rates on loans UNREASONABLY! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The national Bank considers unreasonable the increasing number of banks interest rates on loans at a constant rate...The increase in interest rates on loans - undulyThe national Bank considers unreasonable the increasing number of banks interest rates on loans at constant discount rate of the NBU. This is stated in the message of the national Bank.According to the NBU resolution No. 319 of October 11, provides that the banks making changes to the loan agreement regarding interest rates on loans in the absence of the relevant dynamics of the discount rate will be treated as a violation of the law "On banks and banking activity".NBU banks reminds that the last time the discount rate was revised in April 2008, indicating that the groundlessness of the increasing number of banks interest rates on loans currently.The national Bank also instructed the heads of its territorial offices and the Department's on-site banking supervision in identifying cases of unjustified increase in interest rates on loans to take measures of exposure to these financial institutions and their supervisors.As reported, in late November, the NBU stated that it considers inappropriate decrease in the discount rate.From June 2007 to January 2008, the NBU has kept the discount rate 8% from 1 January 2008 and increased by 2 percentage points to 10%, and from 30 April 2008 and by another 2 percentage points.