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News

30/08/2007

Bank VTB 24 will reduce rates on mortgage loans

Bank VTB 24 will reduce rates on mortgage loans, said Deputy Chairman of the board VTB Vasily Titov on Wednesday on the radio station Echo of Moscow ".

" We have increased the term loan under the mortgage and we think that rates are falling. They, we, unfortunately, the whole country, not only VTB remain relatively high. And we will go to these lower rates ", - he said.

" Our subsidiary bank VTB - VTB 24 - active issues loans. Now, our mortgage portfolio exceeded 50 billion rubles ", - said V. Titov. According to Interfax-Real Estate ".

Currently VTB Group in addition to standard mortgage programs, addressed to customers planning to purchase housing on the secondary market or in the construction phase, offers special loans for the improvement of living conditions, the program re previously loans, as well as credits for existing homes. As at 1 July 2007 the portfolio of mortgage loans Group VTB has exceeded $ 1680 million

Source: Square meter

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