OREANDA-NEWS. April 28, 2014. Since the beginning of 2014 Sberbank’s mortgage portfolio has increased by more than 100 billion rubles, reaching 1.5 trillion rubles, an 8% increase.

This increase of the portfolio is a result of the high growth rates in mortgage lending, which in the first quarter of 2014 (172.4 billion rubles) were 87% higher than during the same period last year.

Along with the lending volumes, the number of loans provided has been increased by 66%. All in all, 114, 000 families improved their living conditions during the first quarter of 2014 with the help of Sberbank products.

In addition, there was an increase in the average loan amount from 1.35 million rubles in March 2013 to 1.52 million rubles in March 2014. In 2014, the minimum mortgage loan amounted to 45 thousand rubles (issued in Srednerusskiy and Severo-Zapadniy banks), while the maximum was 50 million rubles (issued in Moskovskiy bank).

The average credit period among bank customers decreased by 12 months during a year – in March 2013 it was 182 months, in March 2014 – 170 months.

There are no commissions on Sberbank loans for individuals.

“These results indicate a high demand for the bank's mortgage products and an increase in their accessibility”, – said Natalya Alymova, Director of the Retail Lending Department at Sberbank of Russia.