OREANDA-NEWS. March 12, 2012. The Bank of Moscow has announced about the improvements of mortgage loan refinancing programme in the Swiss Franc and Japanese Yen.

The main change is that the favourable period of currency loans now has been established as 1 year from the date of issue of the loan documentation.

Also when defining the conditions of refinancing/restructuring a favourable mechanism has been introduced to determine the amount of payment in RUR as if the loan was initially extended in RUR.

"We keep on improving consistently the conditions of restructuring loans extended in „exotic currencies“ thus removing excessive payment loading from our clients who were granted such loans in 2007-2008", — said Oleg Pyatlin, Mortgage Loans Director of the Bank of Moscow.