OREANDA-NEWS.  October 09, 2012. In the early half of this year, Sviaz-Bank almost tripled the total amount of mortgages it sold for 5,581 million rubles over the same period of last year, a significantly higher growth rate than the market’s performance, reported the press-centre of Sviaz-Bank.

According to the findings of the Expert RA rating agency’s survey of the Russian mortgage market over six months of 2012, Sviaz-Bank advanced to seventh place, nine notches up, among the biggest Russian mortgage banks.

The Bank achieved this remarkable result through the use of a package of programs for the purchase of ready housing and housing under construction on borrower-friendly mortgage terms. Besides, the Bank offers easy terms to borrowers with favorable credit histories and markdowns on initial installments for young families. It charges a minimum interest rate of 9.5% per annum for a maximum mortgage period of 30 years.