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.

Latest News ORGRESBANK and YIT Concern are embarking on cooperation in the field of mortgage lending Orgresbank cuts mortgage loan interest rates and introduces mortgage products with fixed and combined interest rates MBRD Signs Declaration with MASSIZ MBRD and Agency for Housing Mortgage Lending Cooperation MBRD Restarted Mortgage Lending Bank of Moscow's mortgage portfolio tops 20 billion roubles MBRD Extends Maximum Loan Limit on “Wooden Houses” Loan Program New Better Terms of MBRD’s Mortgage Programme “For Any Purposes” Mr. Andrey Shelkovy, Senior Vice-President Takes Part in “Mortgage in Russia - 2008” Conference Evrofinance Mosnarbank and PIK Group launch a joint project

VTB, UniCredit and DB launch a joint program for Russian mortgage securitization and refinancing The Program targets mid-sized banks, first of all, regional Russian banks with intensive mortgage business. Under the Program a special institution is to be established – a mortgage conduit. [Read...]