12 July 2013
Bank Vozrozhdenie mortgage portfolio reached Rub 24.7 billion (including securitized loans) as of July 1, 2013, up 10.7% from Rub 22.3 billion at the beginning of the year. During the first half of 2013 the bank issued 4,274 mortgages for the total amount of Rub 5.45 billion, 5% more than during the same period of the previous year.
“We were vigorous participants of various corporate and social mortgage programs. In addition we actively issued loans under joint projects with developers, real estate agencies and other partners on a mortgage market. Synergy of these approaches ensured the retail business positive result for the first half of the year”, commented Evgeniy Dmitriev, member of the Management Board and head of the Retail Business department.
Mortgage lending accounts for 65% of the bank’s retail loan portfolio.The bank issues mortgages onprimary and secondary real estate market as well as finances purchases of houses with land.