UFHC opens the doors to the European mortgage market for Ukraine

The First Vice Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko and the Secretary General of the European Mortgage Federation (EMF) Luca Bertalot have signed a Letter of Intent to establish an Advisory Council on the development of housing finance in Ukraine. The signing of the document was announced at the 36th Plenary Meeting of the European Covered Bond Council (ECBC), where the Ukrainian government was represented by Deputy Minister of Economy Andrii Teliupa.

The initiative to create the Advisory Council with the support of the EMF was facilitated by UFHC, which has been a member of the European Mortgage Federation since 2023.

It is planned that the Advisory Council will become a platform for strategic interaction between Ukrainian government authorities, international financial institutions, the expert community and participants of the Ukrainian mortgage market. Its objective is to promote the implementation of reforms and the development of effective financial instruments in the field of housing policy.

“The recovery of the housing sector is critical to bringing people back home, creating new jobs, attracting investment and boosting economic growth. For this, we need effective financial solutions. That is why the signing of the Letter of Intent with the European Mortgage Federation is extremely important. It will allow us to scale up our affordable housing programs and make them even more effective in the long run,” said Yulia Svyrydenko.

The participation of UFHC in the activities of the Advisory Council will help to strengthen the yeOselia program and ensure the use of the best international practices in housing finance in Ukraine.

“Today, when Ukraine is working to restore its housing infrastructure and modernize its financial markets, it is important not only to expand access to mortgage lending, but also to create a reliable market ecosystem around housing. Participation of UFHC in the Advisory Council opens up opportunities to implement European standards, attract investments and shape a new quality of state housing policy together with international partners,” said Ievgen Metsger, Chairman of Management Board at PJSC UFHC.

Luca Bertalot, Secretary General of the European Mortgage Federation, added: “We are pleased to share our market expertise and knowledge to support the creation of a roadmap for affordable and sustainable housing that will combine private and public sector initiatives.”
According to the document signed in Athens, the Advisory Council will work on the implementation of integrated housing finance solutions, the development of the covered bond and asset securitization markets, and the creation of a favorable regulatory environment to attract private and international investment.

The Ministry of Economy of Ukraine will coordinate the process of establishment of the Advisory Council, while the European Mortgage Federation will provide expert support and facilitate the involvement of international partners.

For reference:
The European Mortgage Federation (EMF) is a leading European association that brings together mortgage lenders and issuers of mortgage and other covered bonds. EMF has many years of experience in the areas of housing policy, capital markets and securitization. Among EMF members are financial institutions from more than 15 countries, including Ukraine’s strategic partners.
PJSC “Ukrainian Financial Housing Company” has been a member of EMF since 2023.