OREANDA-NEWS. February 21, 2014. In the Interfax Agency’s estimates based on the rankings of the Frank Research Group, Sviaz-Bank has made it to the Top 10 banks for the portfolio of mortgages it issued in 2013.

In experts’ view, the portfolio of mortgage loans made by Russian banks last year rose by 31.1% to 3.02 trillion rubles. The Top 10 banks claim 79.2% of the mortgage portfolio in Russia.
Sviaz-Bank, in particular, issued over 8,800 mortgage loans amounting to more than 17.9 billion rubles in 2013.

Low-risk housing mortgages make up the bulk of the Bank’s lending transactions with individuals and account for about 70% of its retail loan portfolio.

In 2013, Sviaz-Bank lowered interest rates it charges under mortgage programs for the purchase of housing property in the primary and secondary markets. In the first quarter of last year, the Bank began selling mortgages to servicemen for the purchase of apartments in new housing developments, and in the second quarter, it resumed the issue of big loans against the security of housing and commercial real property.

Sviaz-Bank’s lending policies have enabled it to hold on to its stable position on the mortgage market over the past two years and to fulfill important social missions – assisting Russian citizens, including servicemen, public service employees, and other categories of the population, to improve their housing in all regions across the country.