17:05, 27 February 2009 Page views 264 views

Total Volume of Rouble Mortgage Credits Granted by Russian Banks Exceeded RUR630 Billion

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According to Bank of Russia, the total volume of mortgage credits granted by Russian banks to individuals in roubles exceeded RUR630 billion, and in foreign currency – RUR101.7 billion in 2008.

Totally banks granted to population 479,400 mortgage loans in roubles and 18,400 in foreign currency to the beginning of 2009. Weighted average interest rate amounted to 13% per annum in roubles and 10.9% in foreign currency.

Central Bank of Russia

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