OREANDA-NEWS. September 01, 2011. The total amount of mortgages issued by Sviaz-Bank had grown by a factor of 8.5 from July 1, 2010 to 3.1 billion rubles at the end of the six-month period of this year, reported the press-centre of Sviaz-Bank.

As a result, Sviaz-Bank climbed up to 12th place in the rankings of Russia’s leading mortgage banks, as reported by the Rusipoteka Mortgage Agency.

The share of mortgages in the total amount of all retail loans made by Sviaz-Bank to individuals had risen to 68%.

Most of the Bank’s mortgage portfolio comes from loans secured by housing (apartments or houses) to be purchased on the secondary market. The Bank has 1.9 billion rubles out on loan for these purposes. Another 1.2 billion rubles had been issued against existing housing as security. The number of mortgages issued by Sviaz-Bank had grown almost fivefold over the year.