Mortgage loan portfolio of Rosbank increased by more than 40%

The mortgage loan portfolio of Rosbank increased by more than 40% and reached 270 mln. US Dollars as of 1 July, 2007 (by the end of 2006 - 204 mln. US Dollars). New home loans contribute 47% of the total portfolio, while regular mortgages make 53%. The currency composition of the loan book provides for 47% in Roubles, 53% - in US Dollars. 50% of mortgage loans were extended in regions by Rosbank branches (as of 01.01.2007 40%).

In June 2007 Rosbank basic mortgage loan rates were decreased by 1% (loans in Dollars) and 1.5% (loans in Roubles).

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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...]