ASSESSMENT OF PREREQUISITES FOR THE DEVELOPMENT OF MORTGAGE LENDING IN UKRAINE

Abstract

The experience of developed countries shows that mortgage lending is an important source of financing the operations of economic entities, which increases their assets and income, helps to increase the level of capitalization of investment resources. The purpose of this article is to analyze the factors influencing the formation of the mortgage lending system in Ukraine. The article analyzes the deposit resources of the banking system of Ukraine by terms of involvement, categories of depositors and types of currencies. It was found that the amount of banks' equity compared to borrowed sources is critically low. Raised funds are formed through deposits of individuals and funds of business entities. Commitments have been on the rise throughout the years under review. The structure of borrowed capital shows a slight excess of funds of individuals over the funds of economic entities. The assets of Ukrainian banks for 2018–2020 have been analyzed. It has been emphasized that there is a problem of imbalance in the structure of assets, which leads to a negative financial result or insignificant profits of banking institutions. An estimate of the financial reserves of the banking system of Ukraine has been given. The dynamics of the ratio of loans and deposits of banking institutions of Ukraine in 2018–2020 has been studied. It has been noted that the funds raised by banks are used inefficiently, as the cost of deposit operations does not provide banks with income, which leads to a deterioration in their financial condition Proposals for expanding the financial potential of mortgage lending inbanking institutions through the use of banking instruments to attract deposits and the development of financial infrastructure has been given. It has been emphasized that the main provisions of state policy should be: providing start-up capital of credit institutions; maintaining their liquidity and resource base by providing long-term loans at low rates; application of benefits; creation of the necessary legal framework; strict state regulation of creditors and issuers of mortgage securities.