Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Mortgages Decline
September 5, 2015 18:07


 Russian banks reduced the volumes of the mortgages issued by about 40 percent down to the amount of 557.5 billion roubles in January-July 2015. This was reported by RIA “Novosti” with the reference to the data of HMLA.

The average amount of a rouble credit amounted to 1.64 million roubles, which is 6 percent less than in last year. The decline in the volume of mortgages was 39 percent in July, as compared to the same month in 2014. The average interest rate on loans equaled 13.4 percent.

About 78,000 mortgages for more than 136.5 billion roubles, or over 40 percent of the loans issued for the same period, were issued in April-July 2015 within the framework of the state program of subsidizing interest rates on mortgage loans for the purchase of new housing. In May and July the share of loans issued under the program reached 45 percent. The volume of mortgage loans with payments overdue by 90 days or more reached its maximum level -- 101 billion roubles - for the entire observation period (from January 2009) on August 1, which makes up 2.8 percent of all mortgage loans.

On March 27 the Director of the Department of Financial Stability of the Central Bank Sergei Moiseev said that the volume of mortgage loans would fall down to 50 percent in 2015 and would then grow by 10 in 2016. On March13  the Prime Minister Dmitry Medvedev signed a decree on the allocation of 20 billion roubles to banks. The money will be used to subsidize interest rates on housing loans. The total amount of loans to be issued with the state support is estimated at 400 billion.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Primorye Gambling Zone Top 10 Off-Road Cars Made in Russia The Best Places for Sport-Lovers to Visit in Russia Randstad Award-2017 Chose the Best Employers Of Russia Quiet Haven for Business. 10 Most Suitable Countries for Russian Companies

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
St. Petersburg  Russian crafts  Music Festivals  Russian Arts and Crafts  Tula Region  the Volga Region   report  Russian Animation  Aleksey Mordashov  Astrakhan  Russian poet  travel to Russia  Arno Rafael Minkkinen  Lawrence Brownlee  Russian business  Orthodoxy  Exhibitions in Moscow  Tanara River  Yandex  international reserves  Paleontology  Moscow  Yaroslavl   Russian television  Russian Cinema  Mercedes Benz Fashion Week Russia  Russian scientists  the State Museum of Literature  Pussy Riot case  Tula  Russian travel industry  IT  Russian regions  Festivals in Moscow  animation  gastronomic festival  Cold  Russian hockey  "Garage" Museum of Contemporary Art  Timashevsk  Russian tourism  Russian Science Fiction  foreign investment in Russia  cycling routes  Chelyabinsk meteorite  Opposition  Russian science  Antarctica  Mercedes-Benz Fashion Week Russia  Fabio Capello 

Travel Blogs
Top Traveling Sites