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05.02.2008
Bank of Moscow subsidiaries extend the first mortgages in Japanese yen
- The first residential loans in Japanese yen were drawn up in St. Petersburg and the Novosibirsk, Saratov and Stavropol Regions. The total volume of the credits amounted to 56 million yen (i.e., 12.76 million roubles).
18.01.2008
The Bank of Moscow has announced the launch of a mortgage lending programme in Japanese Yen.
- The minimum interest rate for such loans will be 6% per annum. This is an unprecedented product for the Russian market of housing credit. Just for comparison: the average market rate for housing credits in foreign currency today is about 10,5—11,5% per annum.
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