OREANDA-NEWS. April 12, 2011. Raiffeisenbank is to cancel origination fee for mortgage loans granted under all programmes, with the exception of multi-purpose loans against property pledge, reported the press-centre of Raiffeisenbank.

"This year we see a growth in mortgage lending, on average 15%-25% compared to end on last year. This trend shows ever-increasing public interest in mortgage. We hope that the cancellation of origination fee will make our mortgage programmes even more accessible for customers," says Andrey Stepanenko, head of retail private individuals directorate, member of the management board of  Raiffeisenbank.

Raiffeisenbank entered the mortgage market in 2003. Today Raiffeisenbank is offering a wide choice of mortgage programmes, providing finance for purchase of a new flat before its construction, for purchase of a secondary-market property, and home equity loans.