OREANDA-NEWS. November 27, 2007. Hypothecary credit department of The Bank of Moscow announces the beginning of a New Year campaign. All borrowers of the Bank who are provided with credits from 19th November 2007 to 15th February 2008 may expect reducing or even cancelling commission fee for credit opening.

The above said commission fee is cancelled for all clients, hypothecary brokers and real estate agencies that are partners of the Bank since 19th November of this year. For the rest customers, the credit opening commission fee is made fixed and amounts to 350 US dollars.

The Bank of Moscow is among top leaders operating on the hypothecary credit market, and it offers various credit programs to its clients. The product range of hypothecary credit programs provided by the Bank is able to meet specific needs of every client.

Also, The Bank of Moscow is an undoubtedly path breaker operating on the Russian hypothecary market as the Bank was the first to apply a maximum flexible approach to initial installment specification for every client. Also the Bank of Moscow was the first to announce the start of hypothecary crediting program in Swiss francs.

Said Alla Tsytovich, Managing Director of the "Retail business" segment of the Bank of Moscow: "The present campaign of the Bank of Moscow is focused on better accessibility of hypothecary crediting, regular growth of the hypothecary portfolio proves that".