OREANDA-NEWS. March 22, 2012. The Analytical Center of the Rusipoteka.ru portal put Sviaz-Bank in 11th place among leading mortgage banks in 2011, reported the press-centre of Sviaz-Bank.

In 2011, Sviaz-Bank issued around 8 billion rubles in 3,929 mortgages.

The greatest popularity is enjoyed by Sviaz-Bank’s mortgage programs sold on the secondary market, with the borrower paying down between 20% and 40% of their own funds, on average. Most mortgages are issued for periods of around 15 years and range from 2 million to 2.5 million rubles. Programs tailored to servicemen and customers with favorable credit histories are equally in high demand.

According to Vedomosti newspaper, Sviaz-Bank charges the lowest interest rate of 10.5% per annum under its Own Housing program on ruble-denominated mortgages it sells on the secondary market.

Expert RA Rating Agency, too, has published the tentative results of its survey of the Russian mortgage market in 2011, giving Sviaz-Bank 12th place among the Top 20 banks in total mortgages issued.

With an over 338% increase in loans issued within a year, Sviaz-Bank is listed among banks showing the highest growth rates in the mortgage market.