OREANDA-NEWS. June 21, 2013. In May 2013, the outstanding mortgages portfolio of Russian Agricultural Bank (RusAg) exceeded RUB 30 billion, up 65% from May 2012.

As at 1 June 2013, the Bank extended 33 thousand loans to individuals for real estate purchases in urban and rural areas.

In current year alone, the Bank has provided RUB 5.2 billion in mortgage loans to more than 4.3 thousand individuals.

RusAg’s position in mortgage lending market strengthened thanks to systematic work aimed at the expansion of the product range and sales channels, as well as the upgrade of product terms. In 2013, the Bank has launched special programs such as “Young family” and “Maternity capital”.

The Bank will further work towards increasing the availability of mortgages and improving the housing conditions of the population of Russian regions.