Finance
loansFinancial Markets Commission – loan portfolios of the credit unions decreased by 14.9% in H1
As of June 30, 2014, the loans provided by the credit unions to their members (balance as of the end of the reported period) decreased by 14.9% to UAH 2.202 mn (US $170 mn), said the State Commission for Regulation of Financial Services Markets of Ukraine.
The average loan provided by the credit unions amounted to UAH 10,600 (US $820) as of June 30, 2014 (in 2013 - UAH 10,700).
The share of the outstanding debt in the credit union loan portfolios in H1 increased compared with the same period of the previous years and amounted to 19.2%, as of the end of June.
The consumer loans are still the most attractive on the market, the share of which amounted to 67% or UAH 1.474 bn or US 111 mn (loans on vehicles – UAH 38.3 or US $2.97, home appliance – UAH 47.6 mn or US $3.69, other – UAH 1.388 bn or US $111 mn).
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