MBRD – Robust Growth in Mortgage Market

02.03.2007

By 2006 results Moscow Bank for Reconstruction and Development was second in its growth rates of mortgage origination among Russian banks according to RBC rating agency survey (as of 1 January, 2007).

The volumes of MBRD’s mortgage lending have skyrocketed 72 times to reach 105.3 mln USD (from 1.4 mln USD).

Last year the Bank originated 2,012 mortgage loans totaling 105,331.6 thousand USD. MBRD’s mortgage loan portfolio accounted for 91,267 thousand USD as of 1 January, 2007.

The Bank’s successful activity in mortgage lending throughout 2006 brought MBRD to position 22 in the largest Russian mortgage banks’ rating.

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