News

🌐On April 16, 2024, another meeting of the Committee of the CBU on financial, banking and investment activity was held.

The meeting was chaired by Serhii Mamedov, Deputy Chairman of the Board of Directors of the CBU, Chairman of the Board of Globus Bank, member of the Board of Directors of the CBU. At the beginning of the discussion, he presented the agenda and emphasized that almost everyone is concerned about what is happening on the market today and what to expect.

👤Vasyl Furman, a member of the National Bank of Ukraine (NBU) Council, introduced the macroeconomic situation and the state of the banking sector.

📊He noted that as of the end of 2023, inflation has slowed down to 5.1% in annual terms. In 2024, inflation will slow down even faster than the NBU expected.

In addition, the index of business expectations in March indicates further recovery of economic activity. Favorable weather and the activation of projects for the development of logistics, warehouses for agricultural products and commercial real estate in the western regions led to an improvement in business sentiment in construction.

👤Anton Gapon, Chairman of the Board of the Entrepreneurship Development Fund, told what business loans are currently available from state programs. In particular, he mentioned the "Affordable Factoring" and "Affordable Loans at 5-7-9%" programs.

👤And Tetyana Lysenko, senior consultant on taxes and fees of AC CROWE UKRAINE, a member of the Board of Directors of the CBU, shared with the participants information about the right to VAT relief when renovating housing with budget funds.

👤At the same time, Olena Dmitrieva, First Deputy Chairman of the Board of Globus Bank, shared the news regarding mortgage lending: "We have good news, over the last year, banks' mortgage portfolios have grown by 35% in monetary terms and by 5% in quantitative terms. However, I would like to note that the development of mortgages on the primary market will require banks to be prepared to work with increased risks and reserves”.

👤 Nadia Kartelyan, Director of the Department for Work with Corporate Clients of Insurance company Guardian talked about insurance products for the construction industry. So, currently operating:

✔️ construction and installation risk insurance (a comprehensive type of insurance that provides protection of construction participants against the risks of accidental death or damage to construction works, construction equipment, materials, other property);

✔️insurance of warranty obligations (responsibility to third parties for damage caused during construction and installation, commissioning works);

✔️ employee accident insurance (customer, contractor, subcontractor of construction and assembly works and other project participants can act as an insurer);

✔️construction machinery and equipment insurance (material losses from damage to construction machinery/equipment are reimbursed).

💬 "However, as of today, each insurance company independently determines the maximum amount of insurance coverage (liability limit) for losses that occurred as a result of military operations, as Western partners are not yet ready to provide coverage for military risks on the territory of Ukraine," Nadia Kartelyan said.

Join the reconstruction of Ukraine and the development of the construction industry together with CBU!

WE WILL WIN AND REBUILD EVERYTHING! 💪

TOGETHER TO VICTORY! 

GLORY TO UKRAINE! 💙💛