OREANDA-NEWS. August 27, 2012. Sviaz-Bank has improved on its standings in the rankings of leading mortgage banks over six months of 2012, as reported by the Analytical Center of Rusipoteka Company, reported the press-centre of Sviaz-Bank.

Over the six months from year beginning, Sviaz-Bank issued nearly 5.6 billion rubles in mortgages and climbed to the seventh line of the rankings, four notches up from 11th place it took at the end of 2011, with 8 billion rubles in mortgages for the year.

The company analysts write in their memorandum to the rankings it was first time that Sviaz-Bank placed among the top ten banks that had scored results so high since year beginning. The analysts also noted significant growth in the basic indicators of the mortgage market that broke the previous historical records.

Sviaz-Bank is ranked among banks showing very high growth rates in the retail mortgage market. With a mortgage portfolio of 14 billion rubles and 16.2 billion rubles in mortgages issued, the Bank is 18th among leading mortgage banks since they started operations in the mortgage market.

A point to make here is that Sviaz-Bank began selling mortgages as recently as 2009.

At present, the Bank’s Mortgage Program covers 52 Russian regions where the Bank accepts mortgage applications. Mortgages are issued for the purchase of real property in the primary and secondary markets at a minimum interest rate of 9.5% per annum in rubles for a maximum term of 30 years.