The National Bank intends to introduce mandatory insurance of loan collateral in 2025. This was announced by the director of the financial stability department of the NBU, Pervin Dadashova, in an interview with Interfax-Ukraine.
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According to her, the central bank several years ago planned to introduce requirements for mandatory insurance of loan collateral.
However, the question of trust in insurers arose, because at that time there were no transparent indicators of their level of stability, and borrowers could take into account the quality of insurers.
“We then met the banks halfway and are still postponing this norm as a regulator of the insurance market, because its transformation continues. In 2025, we will finally do this, confirming that both the regulator and the banks trust this segment,” she said.
- NBU Credits