In accordance with the development of retail business, ROSBANK begin active promotion of its mortgage programs in the regions of Russia. Already this month ROSBANK will begin to issue loans for the purchase of housing in St. Petersburg, Krasnodar, Ekaterinburg and Voronezh, in December, the geography program will be expanded by another 8 cities: Volgograd, Krasnoyarsk, Norilsk, Russia, Nizhny Novgorod, Perm, Rostov-on-Don, Samara and Cheboksary.
Currently ROSBANK offers its customers two basic mortgage product: "Standard" - for the purchase of flats in the secondary housing market and "Investment", calculated on the primary market, ie purchase of housing construction. Credit is granted for up to 15 years with interest rate of 10.5 percent. annum in foreign currency and from 15.0 percent. annum in rubles for the purchase of housing loan in the secondary market, and from 12.5 percent. annum in foreign currency and from 17.0 percent. annum in rubles for the construction of housing credit purchases until the borrower ownership of this housing. In addition, the bank operates the "Loan Pawnshop" - a loan for an initial fee on bail available apartments.
On 01.11.2005
mortgage portfolio ROSBANK in Moscow amounted to 12 million dollars. Until the end of this year to increase this figure to 20 million dollars. In 2006, the Bank plans to expand its mortgage portfolio in Russia and 150 million dollars.
/Finmarket/
