By Hiroyuki Kume
Yomiuri Shimbun Staff Writer
Nippon Export and Investment Insurance $(NEXI)$ will begin offering insurance to foreign financial institutions lending to a Ukrainian housing company as early as the current fiscal year ending March 2026.
Ukrainian Financial Housing Co. (UFHC) provides mortgages to Ukrainian citizens. The move is meant to reduce credit risk and facilitate funding for the UFHC, thereby supporting home building in Ukraine.
A senior UFHC official met with NEXI's chairman and CEO, Atsuo Kuroda, in Tokyo on Wednesday to discuss their plans for cooperation and insurance details. NEXI is currently negotiating insurance coverage with multiple foreign financial institutions.
The UFHC supports new home building for Ukrainian citizens who have lost their homes in Russian attacks by providing low-interest, long-term mortgages. It signed a memorandum in August to deepen cooperation with NEXI.
Japanese companies are also participating in other support efforts. Daiwa House Industry Co., for example, is planning to provide prefabricated housing in Ukraine. NEXI is also considering collaboration with such companies. "Securing housing is a fundamental part of reconstruction, and we will prioritize support for this," said a NEXI executive.
NEXI is fully owned by the Japanese government and runs an insurance business covering risks in overseas transactions that private insurers have difficultly underwriting.
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This article is from The Yomiuri Shimbun. Neither Dow Jones Newswires, MarketWatch, Barron's nor The Wall Street Journal were involved in the creation of this content.
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September 03, 2025 05:45 ET (09:45 GMT)
Copyright (c) 2025 The Yomiuri Shimbun
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