NBU to provide State Mortgage Institution with UAH 1 billion, says premier

The National Bank of Ukraine (NBU) will soon provide the State Mortgage Institution with UAH 1 billion for housing mortgage loans, Prime Minister Yulia Tymoshenko said, Interfax-Ukraine reported.

"Along with the National Bank, we have fully worked out UAH 1 billion for the State Mortgage Institution. We agreed with NBU First Deputy Head Anatoliy Shapovalov that the State Mortgage Institution would be soon financed with UAH 1 billion using securities," she said at the opening of a council on tackling the crisis in the construction industry in Kyiv on Friday.

Tymoshenko also called on the central bank to provide Ukreximbank and Oschadbank with UAH 1 billion each to credit house buyers.