Since the beginning of 2007 the volume of mortgage lending of AK BARS Bank amounted to more than 2,5 bln. roubles

Since the beginning of 2007 the volume of mortgage lending of AK BARS Bank amounted to more than 2,5 bln. roubles. The greatest part of mortgage lending consisted of loans given under own Bank`s programs “AK BARS- New home” (relates to purchasing of finished apartments), “AK BARS-Comfort” (relates to purchasing of cottages and individual houses), “AK BARS-Prospects” (relates to purchasing of apartments in houses on a construction stage). As well as loans given under lending program against bunds on the current account. AK BARS Bank offers it`s clients the great variety of mortgage lending programs. They relate to purchasing cottages, individual houses, apartments in primary and secondary markets and commercial real estate.

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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...]